OPEN HOUSE
Thu Jul 03, 12:00pm - 12:30pm
Tue Jul 08, 12:00pm - 12:30pm
Thu Jul 10, 12:00pm - 12:30pm
Tue Jul 15, 12:00pm - 12:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $350
Subdivision Harlem
MLS Listing ID RLS20034462
Style Prewar
Bedrooms 2
HOA Y/N Yes
Year Built 1901
Annual Tax Amount $13,212
Property Sub-Type Multi Family
Property Description
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 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
Location
State NY
County New York
Interior
Interior Features High Ceilings
Heating None
Cooling Window Unit(s)
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Other
Furnishings Unfurnished
Fireplace Yes
Laundry Building None, None
Exterior
Exterior Feature Building Garden, Garden, Private Outdoor Space Under 60 Sqft
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 4
New Construction No
Others
Ownership None
Monthly Total Fees $1, 101
Pets Allowed Building No, No
