RealtyLens
for saleRealtyLens property overview
$1,975,000

502 E 118th St

Manhattan, NY, 10035
View more Manhattan, NY property pages
5Beds
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

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position+9.5% vs nearby

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 MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

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

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.