BEDS2
BATHS7 full
SQUARE FEET3,850
MLS#RLS20034462
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONHarlem
Property Description
Cash on cash return 7.4%! 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 ($142,276/year), generating a capitalization rate of 7.4 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 faade 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
Property Features
Property Type: Residential -
Cooling: Window Unit(s)
Fireplaces: 1
Heating: None
Home Style: Prewar
Lot Size: 1,575
Stories: 4.0
Taxes: $13,212
Year Built: 1901
Amenities
High Ceilings
Building Garden
Garden
Private Outdoor Space Under 60 Sqft
Feature Descriptions
Days on Site: 362
Fireplace: Other
Flooring: Hardwood
Laundry: Building None, None
Lot Dimensions: 1575
Parcel#: 1960-0031
Pets Allowed: Building No, No
Units: 7
Listed By / Shown By
Listed By
Agency Name: Harlem Lofts Inc
Agency Phone: 212-280-8866
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
TOUR THIS HOME
Request a date and time to see 30 Edgecombe Avenue, Manhattan, NY 10030.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 4,499.26 per month $3,004.51 Principal & Interest $1,101.00 Property Tax $393.75 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
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30 Edgecombe Avenue | MLS# RLS20034462
This home located at 30 Edgecombe Avenue, Manhattan, NY 10030 is currently listed for sale with an asking price of $1,350,000. This property was built in 1901 and has 2 bedrooms and 7 full baths with 3850 sq. ft. Edgecombe Avenue is located in the Harlem subdivision. Search Harlem real estate on www.joycerealty.com today.