The page is useful for research, but the status and price should be verified before acting.
for saleRealtyLens property overview
$1,975,000
502 E 118th St
Manhattan, NY, 10035
View more Manhattan, NY property pages5Beds
3Baths
3,232Sqft
$611$/sqft
Market Insights
Above nearby median+9.5%
$611/sqft vs a nearby median of $558/sqft.
Nearby median$558/sqft
Nearby properties12
Property size3,232 sqft
- +9.5% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 3,232 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$1.60M$1.46M – $1.75M · 50% confidence
vs ask $1.98M+$370k (+18.7%)
Asking price is about 18.7% above where comps + adjustments land — there is room to negotiate.
$558/sqft median across 7 tight comps × 3,232 sqft= $1.80M
- Visible condition issues−$90k −5.0%
- Days-on-market gravity−$54k −3.0%
- Pre-war character+$45k +2.5%
- AI-generated marketing photos−$36k −2.0%
- Special flood hazard zone−$36k −2.0%
- Transit access−$27k −1.5%
Cumulative NYC adjustments−$198k−11.0%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
Diligence Read1 item to check
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 389 days
- Last price change
- No change recorded
- Listed
- Apr 18, 2025
- Photos
- 11 photos
- Property type
- townhomes
- Status
- for sale
Photos
Building Facts
- Year built
- 1899
- Stories
- 3
- Total units
- 3
- Residential units
- 3
- Building area
- 5,298 sqft
- Lot size
- 3,537 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C0
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,975,000for sale