305 East 108TH Street #4B, New York City, NY 10029
Listing Courtesy of Christies International Real Estate Group LLC
$899,000
Potential Rebate: $13,485
Overview
<p>Welcome to Residence #4B at Magnolia Mansions Lofts-a rare, TriBeCa-style corner loft in East Harlem with soaring 15-foot ceilings and approximately 1,600 square feet of living space. Recently renovated, this sun-filled home offers both style and strong investment potential. </p> <p>The expansive foyer is ideal for a home office or reading nook and leads into a dramatic living room with four large windows. The open, windowed kitchen features ample cabinetry and counter space, perfect for entertaining. The first level also includes a full bathroom and a flexible fourth bedroom.</p> <p>Upstairs are three spacious bedrooms that easily fit king-sized beds, plus a second full bathroom with in-unit washer and dryer.</p> <p>Converted from a historic school, Magnolia Mansions Lofts blends character with modern convenience, offering a full-time super, video intercom, rooftop access, and a shared courtyard with grills and seating. With strong financials and low maintenance, this one-of-a-kind loft stands out from the ordinary. MORE PHOTO's COMING. </p> <p> </p>
Home Features
- •Private Outdoor Space Over 60 Sqft
- •City
Estimated Monthly Payment
$6,070 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$13,485
Monthly savings impact
$37/mo
Effective Purchase Price
$885,515
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Christies International Real Estate Group LLC
Data Source: TRESTLE #RLS20065907
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RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Christies International Real Estate Group LLC
Data Source: TRESTLE #RLS20065907
Price Analysis
Compare average listing prices and value metrics for MAGNOLIA MANSION against the surrounding East Harlem market.
Average List Price
Price Per SqFt
33.03% Lower
than the East Harlem price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
East Harlem
Overview of 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.
Real Estate & Housing Market
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.
Lifestyle & Community
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.
Transportation & Accessibility
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.
Parks, Schools & Amenities
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.
Who This Neighborhood Is Best For
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.
