30 Edgecombe AVE New York (manhattan), NY 10030
2 Beds
7 Baths
3,850 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $350
MLS Listing ID 885087
Style Traditional,Victorian
Bedrooms 2
Full Baths 7
HOA Y/N No
Rental Info No
Year Built 1901
Annual Tax Amount $12,237
Lot Size 1,576 Sqft
Acres 0.0362
Property Sub-Type Townhouse
Source onekey2
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 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.
Location
State NY
County New York (manhattan)
Rooms
Basement Unfinished
Interior
Interior Features Entrance Foyer, High Ceilings, Natural Woodwork
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Appliance Freezer, Gas Range, Refrigerator
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Stone
Others
Senior Community No
Special Listing Condition None