Property Details
329 E. 118th is a +/-1,682 square foot lot improved by a semi-detached, multi-family residence that is currently composed of (4) units. Value add opportunities are possible through renovation of the existing structure or redevelopment as this property is zoned R7A. The current zoning has a Floor Area Ratio of 4.0 which presents a redevelopment opportunity for a multi-family residence of +/-6,728 square feet.
This East Harlem Brownstone is ideally located on East 118th between 1st and 2nd Avenues. This building is composed of four (4) total residential units; three (3), two (2) bedroom units on the upper floors, and one (1), three (3) bedroom located on the ground floor. This is a non-contingent sale of real property and, unless otherwise stated, said property will be sold in "as-is, where-is" condition, free and clear of any and all liens, claims and encumbrances.
AUCTION SALE DETAILS
Sells: May 7, 2025 at 11:00 a.m. (EST)
Location: Tarter Krinsky & Drogin LLP, 1350 Broadway, 11th Floor, New York, New York 10018
Bid Deadline: May 1, 2025 @ 5:00 p.m. (EST)
Opening Bid: $1,000,000 (delivered occupied) -or- $1,125,000 (delivered vacant)
Required Deposit: Bank/Cashier's Check ( payable to "Tarter Krinsky & Drogin LLP") or Wire Transfer in the amount of $100,000.
Bid Qualifications: To participate in the Auction Sale, by the Bid Deadline, each prospective bidder must fulfill all the requirements set forth in the Bid Procedures (see Bid Procedures Order in the DOWNLOAD section below)
TRANSPORTATION
The M15, M116, M101, M102, and M103 bus stops are located within two (2) blocks from the property. The 116th Street subway station is serviced by 4 and 6 train and is also just two (2) blocks away. Just minutes to East River Plaza which is host to Costco, Target, Aldi, Burlington, Marshalls, Old Navy, and Bobs Furniture.
DISCLAIMER
All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject real property herein may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.
