30 Edgecombe Avenue,New York (Manhattan), NY 10030
New York (Manhattan), NY 10030
Description
Cash on cash return over 8%! Contact the listing brokerage Harlem Lofts Inc for your private tour! Situated in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue represents an outstanding investment opportunity. This Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and has low real estate taxes and excellent gross operating income ($152,843/year), generating a capitalization rate of over 8 percent! This property provides 3,850 square feet of space in a desirable location, plus an additional 5,631.5 square feet of air rights. The exterior has the original Renaissance Revival red brick and stone façade with a bay window on the second floor and Queen Anne accents, while the interior has original oak doors, woodwork, mirrors, and fireplaces. The seven apartments, all rent-stabilized, consist of six studios and a floor-through two-bedroom home. All units have high ceilings, large windows, open-plan kitchens and tiled bathrooms. All units have separate meters and are wired for cable and internet. This lovely townhouse is close to restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and City College is just a short walk away. The property is close to shopping on 125th Street and is conveniently situated for the B/C subway lines and the M3 and M10 bus lines, which are all adjacent to the house. For recreation, St. Nicholas Park is right across the street. This property is delivered with well-qualified tenants in five of the seven units, and all paperwork. Contact us today for your private appointment! *This is a cash-only sale - please be prepared to provide proof of funds.
Details
| MLS # | 884872 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 422 |
| Listing Provided By | Harlem Lofts Inc. | Robert D. Pair |
Features
| SQ Feet | 3,850 |
|---|---|
| Basement | Y |
| Units | 7 |
| Acreage | 0.04 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick, Stone |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Assessed Value | 105663 |
| Tax Annual Amount | 13208 |
Area Information
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10030 |
| Listing VS Median (in 10030) | |
Price: $1,350,000 low | high Med: $475,000 sqft: 3,850 low | high Med: 881 $ / sqft: $351 low | high Med: $539 On site: 422 low | high Med: 345 | |
Market Activity 10030
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Learn More About This Property
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10030 |
| Listing VS Median (in 10030) | |
Price: $1,350,000 low | high Med: $475,000 sqft: 3,850 low | high Med: 881 $ / sqft: $351 low | high Med: $539 On site: 422 low | high Med: 345 | |
