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Four-Story Quadplex with Air Rights
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329 East 118th Street, New York, NY 10035

Four apartments comprise a ground-floor three-bedroom residence and three floor-through one-bedroom units.

Property Size3,350 SF
Days on Market145

Property Features for 329 East 118th Street

General Information

Standard status Active
Size 3,350 SF
Property subtype Multifamily
Zoning R7A

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR, 3 x 1BR
Multifamily Units 4

Building Details

Buildings 1
Stories 4
Listing Agency: Ariel Property Advisors
Listed By: Michael Tortorici · License #NY 401085153
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 2:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ariel Property Advisors

Investment Insights

Based on property information with market context.

This four-story walk-up quadplex contains approximately 3,350 square feet within a 17-foot-wide building. The configuration includes a three-bedroom apartment at grade with garden access, plus three one-bedroom floor-through residences on the upper floors. Two apartments may be delivered vacant.

The property is positioned on East 118th Street between First Avenue and Second Avenue in East Harlem. Nearby context includes the Third Avenue retail corridor, CUNY Silberman School of Social Work, and East River Plaza. Transit and roadway connections include the 6 subway station at Lexington Avenue and East 116th Street, the FDR Drive, and local bus routes.

R7A zoning with a 4.00 FAR allows approximately 3,378 square feet of additional air rights. The site is not subject to Mandatory Inclusionary Housing requirements and supports as-of-right development.

Key Highlights

  • Four‑story, 17‑foot‑wide walk‑up building with approximately 3,350 square feet
  • Unit mix includes one three‑bedroom apartment and three one‑bedroom floor‑through units
  • Two apartments may be delivered vacant

Property Analytics

Current Use

AirB Mobile Luggage ... Corporate Office Hajee Wajee Puddin ... Cafe & Coffee Shop

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture Accounting Firm Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

5,598
Businesses Nearby

Demographics for 10035, NY

35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Four apartments comprise a ground-floor three-bedroom residence and three floor-through one-bedroom units.
Where is this quadplex located?
The property is located at 329 East 118th Street New York, NY.
What are key features of this property?
This property features: Four‑story, 17‑foot‑wide walk‑up building with approximately 3,350 square feet; Unit mix includes one three‑bedroom apartment and three one‑bedroom floor‑through units; Two apartments may be delivered vacant
(212) 544-9500 Call to check price and availability
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