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… Read More 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 Read Less
Listing Courtesy of: ROBERT D PAIR, Harlem Lofts Inc
Listing Snapshot
Days Online
47
Last Updated
Property Type
MultiFamily
Beds
2
Full Baths
7
Year Built
1901
MLS Number
RLS20034462
30 Days Snapshot Of 10030
$473k
+50%
(avg) sold price
2
+100%
homes sold
341
+92%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Entry Level: 4, Living Area Units: SquareFeet, Rooms Total: 16, Structure Type: MultiFamily, Townhouse
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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