Address
30 Edgecombe Avenue NewYork, NY
Price
$ 1,725,000
Property Attributes
  • MLS#H6098851
  • TypeSingle Family
  • CountyMANHATTAN
  • CityNewYork
  • AreaNew York
  • NeighborhoodNewYork
  • Zip10030
  • StyleSingle Family Residence
  • Taxes$ 10764
  • Price$ 1,725,000
  • Bedrooms5
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage3850
Listing Provided Courtesy Of:
Robert D Pair with Harlem Lofts Inc.
Data Source:
OneKey MLS
Property Description

Situated in the upcoming Dorrance Brooks Square Historic District and adjacent to Strivers' Row, 30 Edgecombe Avenue represents an outstanding rental investment opportunity. This gorgeous Renaissance Revival red brick seven family townhouse overlooks St. Nicholas Park and is in excellent condition, with low real estate taxes and excellent gross operating income ($121,517/year) and cash on cash return. As such, it combines beautiful architecture and great location with an excellent capitalization rate and return on investment. In addition, to accommodate an owner-landlord the first floor can be delivered fully vacant with a private back yard. At 17.5 feet wide and 55 feet deep, this property provides 3,850 square feet of space plus a yard accessible by all units and a clean, dry cellar with 8.5-foot head height, 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 stunning accent bay window on the second floor, Queen Anne accents, and cornice, while the interior boasts period detail including original oak doors, woodwork, mirrors, and fireplaces. The seven apartments, all rent-stabilized, consist of three one-bedroom units, three studios, and a floor-through two-bedroom home. All units have high ceilings, large windows supplying lots of natural light, open-plan kitchens with recently updated appliances, and tiled bathrooms. The property's systems are well maintained, and all units have separate meters and are wired for cable and internet. This lovely townhouse is just a stroll from the up-and-coming restaurant scene 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, with Whole Foods, Bed Bath and Beyond, and more, and is also conveniently situated for transportation options, with the B/C subway lines and the M3 and M10 bus lines all adjacent to the house. For recreation, St. Nicholas Park is right across the street.This stunning property is delivered with well-qualified tenants in four of the seven units, and Certificate of Occupancy and all paperwork provided. Please contact us today for your private appointment - don't miss this outstanding rental investment opportunity!

Elementary School Middle School
Call Listing Agent Elementary School Call Listing Agent Middle School
Price History
2/28/2021 Listed $1,825,000
5/4/2021 6% - $1,725,000

General Features

Buildingareaunits Square Feet
Community Features Outdoor Space
Cooling None
Elementary School Call Listing Agent
Elementary School District City of New York
Flooring Hardwood
Garage Spaces 0.00
Heating Other, See Remarks
High School District City of New York
Interior Features High Ceilings
Middle/Junior High School Call Listing Agent
Middle/Junior School District City of New York
Parking Features Other
Property SubType Single Family Residence
Property Type Residential
Sewer Other
Tax Annual Amount 10764.00
Total Rooms 19
Village None

Interior Features

Atticdescription See Remarks

Exterior Features

Lot Features Garden
Water Source See Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 10030

Price
AVG $2.14M
$1.73M
Taxes
AVG $8,244
$10,764
Visits
AVG 119
117
Walkscore
AVG 97
93
Data Provided by Walkscore ® not using MLS data

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