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    30 Edgecombe Avenue

    Newyork, NY 10030
    • $1,725,000
    • STATUS: Active
    • ON SITE: 76 days
    • MLS #: H6098851
    Price Reduced
    UPDATED: 66 min ago
    $1,725,000
    • 5
      BEDS
    • N/A
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 3,850
      SQFT
    • $448
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    School District:

    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!

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    © 2021 OneKey MLS. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Mark Seiden Real Estate Team. Data last updated: 2021-05-15T21:17:09.553.
    www.lowerhudsonvalleyproperties.com/homes/114595367
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    30 Edgecombe Avenue Newyork, NY 10030

    • Price: $1,725,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: H6098851
    5
    Beds
    7
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,850
    SQFT
    $448
    $/SQFT
    Neighborhood:
    New York
    County:
    Manhattan
    Area:
    New York
    Elementary School:
    Call Listing Agent
    Middle School:
    Call Listing Agent
    School District:
    City Of New York
    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!
    Exterior Features

    Attached Garage YN No Garage YN No Lot Features Garden Parking Features Other

    Interior Features

    Attic Description See Remarks Basement See Remarks Cooling None Cooling YN No Flooring Hardwood Heating OtherSee Remarks Interior Features High Ceilings Rooms Total 19

    Property Features

    Community Features Outdoor Space Property Sub Type Single Family Residence Senior Community YN No Tax Annual Amount 10764.00 Water Source See Remarks

    Listing courtesy of Robert Pair of Harlem Lofts Inc..
    © 2021 OneKey MLS. All rights reserved.


    © 2021 OneKey MLS. All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Mark Seiden Real Estate Team. Data last updated: 2021-05-15T21:17:09.553.
     
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    Mark Seiden Real Estate Team
    1238 Pleasantville Rd
    Briarcliff Manor NY, 10510