The Ivy Condominium

The Ivy Condominium is a condo located 249 East 118th Street, in East Harlem, New York. The building was first built in 2008 and is 16 years old. The lot that the building was built on is 110 feet wide and 40 feet long. The official lot area is listed as 5,200 square feet. The building itself is 110 feet wide and 40 feet long. In total, 249 East 118th Street has a total floor area of 28,389 square feet. Of that, 24,557 square feet are used for residential purposes. About 3,832 square feet of the building are used for commercial purposes. There are a total of 30 units. Of those, 28 are residential units. There are 2 commercial units. 249 East 118th Street has a total of 10 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! Alternatively, take a stroll around the building's courtyard. Both dogs and cats are allowed in the building! There are 70 closings on record, of which we have matching data for 16 listings. In the past 3 years, a listing in this building will typically remain on the market for about 125 days Meaning, listings tend to sell at a median of $800 price per square foot. The transaction that took the longest to complete was unit 9A, listed on Dec 11, 2014 for $835,000. This particular unit ultimately sold 356 days later for $835,000. The most recent transaction was for unit 3C, which was first advertised on Oct 11, 2023, sold for $483,000 on Feb 13, 2024. Fun fact, the oldest transaction we have on record took place on Sep 20, 1983. See the full transaction history for The Ivy Condominium below.

East Harlem, where 249 East 118th Street is located, has a median asking price of $1,650,000 for condo buildings. Meanwhile, the building itself has a median asking price of $650,000. For interested buyers, that means the building's median asking price is around 0.61% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $515,000. It is a 578 sqft 1-bedroom and 1-bathroom unit.