$1,900,000
Updated 4 years ago
Off Market
Harlem, Manhattan | West 139th Street & West 140th Street
3,820 Square FeetMulti-Family

$1,900,000
floors / apts4 / 10
Lot Size17'x80'
Built Size17'x50'
ZoneR7-2
Building TypeTownhouse
RE Taxes$5,369
Price Per SF
$497

Listing Features

  • Original Details

Building Amenities

  • Voice Intercom

Property Description

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 102 Edgecombe Avenue. The subject property is a vacant ten (10) unit SRO, delivered with a certificate of non-harassment, located in the coveted Hamilton Heights area of West Harlem. The property boasts original details as the interior is full of decorative fireplaces and woodwork from the early 20th Century. Investors have the opportunity to upgrade the existing units and achieve rents at $55.00 a net sq. ft. Alternatively, an end-user can purchase this blank canvass and create their dream single-family home or convert this into a 2-10 family for live + income potential. Current ownership upgraded the roof last year and purchased a new boiler five months ago. The property is situated just one block north of the B & C subway lines at 137th Street and Saint Nicholas Avenue. Residents can take advantage of a number of national retailers on 145th Street, including: Starbucks, Duane Reade, Chase Bank, and New York Sports Club. The building also benefits from its close proximity to major academic institutions such as Columbia University and its $6.3 billion Manhatanville Expansion Project and The City College of NY just five blocks west. Several newly planned or recently completed developments in the immediate area include: “The Edgecombe Assemblage” of three contiguous buildings which we sold to a developer consisting of two single family townhomes and a stunning church built in 1891 in the Gothic Revival Style at 112-116 Edgecombe Avenue, Striver’s Gateway at 272 West 139th Street on the historically acclaimed Striver’s Row just a block east, and The Residences at PS 186 at 526 West 146th Street, an old public school that was recently converted into 79 apartments. 102 Edgecombe Avenue represents a prime opportunity for investors and owner-users alike. Additional photos are available upon request.

Listing History

Now
07/11/2018
POM by Josh Lipton
One Commercial Realty Services
04/19/2018
$1,900,000
Initial Price by Josh Lipton
One Commercial Realty Services

Building Details

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1899
Floors/Apts4/10
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.16 miles
145 St
0.36 miles
137 St-City College
0.45 miles
135 St
0.46 miles
145 St
0.5 miles

Citi Bike

Frederick Douglass Blvd & W 139 St
0.07 miles
Edgecombe Ave & W 141 St
0.08 miles

Contact Agents

Contact Agents

Josh Lipton
One Commercial Realty Services
Andrew Levine
One Commercial Realty Services

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 72798TH