114 Edgecombe Ave

-- Rented for two years with a 3% + cap rate --This limestone and brick home spans over 1,025 square feet per floor on each of its four fully above grade floors plus a partially above grade basement. The 4,100 square feet above grade is complemented by a further nearly 1,000 square feet in the basement (>5,100 square feet in total) which can be entered via a separate entrance from the sidewalk and is a very usable floor as it has windows bringing in natural light in the front and back of the floor. The home boasts an extension on all 4 floors plus a full four story extension in the front adding a grander feel to all of the front rooms. In addition, starting 20 feet back in the house, there are side windows on one side overlooking the elaborate, church that is adjacent with large stained-glass windows visible. A beautiful backyard with large trees and a great view of the church adds to the appeal of this home.Renowned architect Drew Lang has designed a two family home with a full set of architectural plans including all design details on the interior. The home can also be combined very readily with the adjacent property at 112 Edgecombe Avenue that is also presently for sale. The two homes together would create large floor plate condos (>2,000 square feet per floor and 34' wide!) or a very large single family home (>10,000 square feet). The two homes share the identical facade, were built at the same time by the same developer in 1899 and from the street are often confused as being one home. The homes are not Landmarked and have unused FAR so another option would be to build a new, taller structure on this 34 x 85' combined lot or add an additional 1-2 floors on top. The house could also be lived in as or rented out while the plans were finalized and permits pulled to begin renovations. The house was completely repainted, the floors were repaired and re-sanded and the heating and electrical systems were repaired. The home boasts original fireplaces, original ornate staircase, original floors in most rooms and original claw footed bath-tubs and tiles in 2 of the bathrooms. Edgecombe Avenue sits adjacent to Strivers Row and just below Hamilton Heights and as a double wide street gets tremendous light in all rooms. The views from the roof are very open all the way down to mid-town Manhattan and to the west to the Gothic masterpiece of CCNY.