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Six-Unit Walkup Apartment Building
For Sale
Contact for pricing
Pending

424 E 118th St, New York, NY 10035

Five free-market residences sit above a permitted auto-repair garage/warehouse with a curb cut.

Property Size5,600 SF
Days on Market146

Property Features for 424 E 118th St

General Information

Standard status Pending
Size 5,600 SF
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 5

Building Details

Buildings 1
Listing Agency: Raven Property Advisors
Listed By: Rich Velotta · License #NY 10491209986
Source: Crexi
Added: Apr 11 Changed: Sep 1 Last Checked: Sep 3 at 10:17AM

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 Raven Property Advisors

Investment Insights

Based on property information with market context.

This 5,600 SF walkup apartment building contains six units within a 25-foot-wide structure. The configuration includes five residential apartments plus one ground-level garage/warehouse unit with permitted auto-repair-shop use. A curb cut serves the property, and all units are free market.

The building is at 424 E 118th St in East Harlem, Manhattan, a few blocks from the 6 Train at East 116th Street and from the 4, 5, and 6 Trains at East 125th Street and Lexington Avenue. The property is also near Central Park, East River Plaza, Mount Sinai Hospital, Contento, Alison, and La Avenida. Phase 2 of the Second Avenue Subway extension is planned to add stops along Second Avenue through East 125th Street.

Key Highlights

  • 25‑foot‑wide, 5,600 SF walkup apartment building
  • Six‑unit layout with five residential apartments
  • Ground‑level garage/warehouse has permitted auto‑repair‑shop use

Property Analytics

Current Use

Two Cousins Painting ... Painting Service

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Acupuncture Skin Care Clinic 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

4,965
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five free-market residences sit above a permitted auto-repair garage/warehouse with a curb cut.
Where is this apartment building located?
The property is located at 424 E 118th St New York, NY.
What are key features of this property?
This property features: 25‑foot‑wide, 5,600 SF walkup apartment building; Six‑unit layout with five residential apartments; Ground‑level garage/warehouse has permitted auto‑repair‑shop use
More about this property
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