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513.5 E 118th St, New York, NY, 10035

4beds
4baths
3,072sqft
$1,595,000
$519price/sqft
$10,530/moest. monthly cost
$421,200/yrincome needed

About This Home

Located on one of Upper Manhattan's most charming blocks — a cobblestone cul-de-sac off Pleasant Avenue in East Harlem — this 3-family brick townhouse is a prime renovation opportunity. Built in 1899, the 3-story, 3,072 SF building sits on a 16.67' x 100' lot with a full basement and nearly 1,968 SF of available air rights, offering a developer or end-user significant upside. Delivered vacant. Bring your architect and contractor. Steps from the East River, Thomas Jefferson Park, FDR Drive, and the East River Plaza (Aldi, Costco, Burlington, Marshall's). The 6 train is 4 blocks away at 116th & Lex, crosstown buses are around the corner, and the future 2nd Avenue subway stop at 116th & 2nd Ave will further enhance connectivity. Neighborhood dining includes Patsy's Pizzeria, Rao's, Amor Cubano, Mountain Bird, and more.

Getting Around

90
WalkingVery Walkable
96
TransitRider's Paradise
82
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1899

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Interior Area

  • Total structure area: 3,072
  • Total interior livable area: 3,072 sqft

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Courtyard,Garden
  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Cold Wave
Heat Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,065$96,780
Home Insurance *$1,015$12,180
Property Taxes $943$11,316
Electricity $507$6,092
Total$10,530$126,360
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$361,028/yr
40% on housing$315,900/yr
45% on housing$280,800/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$519This listing

vs Other Active Listings

Avg $/sqft

ZIP 10035$608
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10035$999
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-08Listed for sale$1,595,000

For Sale by Agent

AgentSteve Millhollon
BrokerageCompass

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