--- title: "502 East 118TH Street Apartments for Sale in Manhattan | Buyer Savings" description: "502 East 118TH Street is a Multi Family located at 502 East 118TH Street, New York City, NY 10035. The building has 3 stories. Building amenities include Central Air, In Unit, Private Outdoor Space Over 60 Sqft and more." url: "https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/502-east-118th-street" source: "Real Estate Rebate Team" --- # 502 East 118TH Street 502 East 118th Street, New York, NY 10035 East Harlem · Townhouse ## At a Glance - **Active Units**: 0 Units - **Starting Price**: Contact - **Property Type**: Townhouse - **Year Built**: — ## Building Overview About 502 East 118th Street 502 East 118th Street is a residential building in the evolving East Harlem neighborhood. It offers access to the pleasant walkways along the East River. Residents are conveniently located near the East River Plaza shopping center, which features major retailers like Costco and Target. ## Illustrative Buyer Savings *Available on eligible listings* Illustrative, based on a 3% buyer-broker commission on the highest-priced available residence. Régis shares 50% of the buyer-side commission actually received, so your figure follows the commission offered on your transaction. Work with Régis before touring or submitting an offer to understand the building, evaluate pricing, and preserve eligible Buyer Advantage opportunities. **Régis Roumila** — Principal Broker · NY & NJ. Private buyer representation for luxury resale and new development purchases. Verified Member: REBNY · NAR. NYDOS LIC#: 10491211335. [Speak with Régis](mailto:info@real-estate-rebate.com?subject=Inquiry%3A%20502%20East%20118TH%20Street) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Key Building Details - **Year Built**: — - **Stories / Floors**: 3 - **Neighborhood**: East Harlem - **Active Listings**: 0 units ## Building Amenities - Central Air - In Unit - Private Outdoor Space Over 60 Sqft - Smoke Free - Other - Pets: Building Yes - Pets: No ## Active Residence at 502 East 118TH Street No active listings are currently available for this building. [Schedule a consultation about off-market units at 502 East 118TH Street](https://realestaterebatesnewyork.com/contact) ## Sales History for 502 East 118TH Street 2 closings in this building. Prices as reported to the Residential Listing Service. | Unit # | Beds | Baths | Size | Closing Price | Price / Ft² | Asking Price | Sold On | | --- | --- | --- | --- | --- | --- | --- | --- | | — | 5 | 3 | 3,232 | $1,670,000 (-20.3%) | $517 | $2,095,000 | Jun 10, 2026 | | Building | 8 | 3.5 | 3,600 | $1,995,000 | $554 | — | Dec 30, 2021 | The percentage beside a closing price is the sale measured against the original asking price. Rows with no asking price are sales with no listing behind them. Those are sponsor and off-market transfers taken from the public record. > This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. ## What to Review Before Buying in 502 East 118TH Street Purchasing real estate in New York City or New Jersey goes beyond the apartment itself. To secure your asset and investment equity, we systematically analyze building structures, financials, board packages, and commission sharing arrangements. 1. **Building Quality** — Review construction, finishes, amenities, management, service level, and long-term resale value. 2. **Monthly Costs** — Understand common charges, property taxes, assessments, and the full carrying-cost picture. 3. **Transaction Strategy** — Evaluate pricing, sponsor terms, closing costs, negotiation leverage, and eligible Buyer Advantage opportunities before committing. ## Location & Neighborhood 502 East 118th Street, New York, NY 10035 ### East Harlem East Harlem, also known as Spanish Harlem or El Barrio, is a culturally vibrant neighborhood stretching from 96th Street to 125th Street on the East Side. It is a community rich in history, music, and art, offering some of the most affordable access to Manhattan living. For buyers looking at East Harlem Manhattan real estate, the area provides value and strong cultural roots. Living in East Harlem, Manhattan is colorful and spirited. It is a neighborhood where murals adorn the walls and salsa music fills the air. As an evolving Manhattan NYC neighborhood, it is seeing new investment and development while fighting to maintain its distinctive Latino heritage and community soul. The market for homes for sale in East Harlem is one of the last frontiers of affordability in Manhattan below 125th Street. Inventory ranges from HDFC income-restricted co-ops to newly constructed luxury condos that offer amenities like roof decks and gyms at a fraction of the cost of the Upper East Side. Investors are active here due to the incoming Second Avenue Subway extension and the rezoning initiatives. It attracts first-time buyers who are priced out of Yorkville but still want quick access to the Midtown corridor. The lifestyle in East Harlem is community-centric. Residents shop at the La Marqueta marketplace and gather at local panaderias. The dining scene is a highlight, featuring legendary spots like Rao's (if you can get a table) and authentic Puerto Rican and Mexican cuisine. The vibe is energetic and unpretentious. The neighborhood has a strong activist history and a deep sense of pride. Cultural institutions like El Museo del Barrio keep the local traditions alive and vibrant. East Harlem is currently served by the 4, 5, 6 trains on Lexington Avenue, which can be crowded but efficient. The M15 Select Bus Service offers a rapid alternative down First/Second Avenues. The biggest news is the future Phase 2 of the Second Avenue Subway, which will bring new stations to 106th and 116th Streets, dramatically improving connectivity and real estate potential. Easy access to the FDR Drive and the RFK Bridge makes it convenient for car owners. Thomas Jefferson Park is a major asset, featuring a large pool, track, and sports fields along the East River. Residents also have access to the northern reaches of Central Park, including the Conservatory Garden. The neighborhood is amenity-growing, with a large Target and Costco at 117th Street (East River Plaza) providing suburban-style shopping convenience that is rare in the borough. East Harlem is best for first-time buyers, value-seekers, and cultural enthusiasts who appreciate a strong neighborhood identity. It is ideal for those who want to be part of a diverse, transforming community. - [East Harlem Guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) - [Browse East Harlem Residences](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/east-harlem-manhattan) - [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ## Frequently Asked Questions ### Where is this building located? 502 East 118th Street is in East Harlem. ### What subway is accessible? The 6 train at 116th Street is nearby. ### Is there a park nearby? Jefferson Park and the East River Esplanade are nearby. ### What is the neighborhood vibe? It creates a mix of historic culture and new conveniences. Have questions about 502 East 118TH Street? [Speak with Régis before you tour.](mailto:info@real-estate-rebate.com) ## Considering a Residence at 502 East 118TH Street? Speak with Régis before you tour, negotiate, or submit an offer. Receive private buyer-side guidance, pricing context, and eligible Buyer Advantage opportunities where available. [Schedule a private consultation](https://realestaterebatesnewyork.com/contact) · [All buildings](https://realestaterebatesnewyork.com/buildings)