$2,795,000 $2,995,000
Updated 2 years ago
Off Market

76 Edgecombe Ave

Harlem, Manhattan | West 138th Street & West 139th Street

16 Rooms8 Beds4 Baths4,775 Square FeetIncome Property

$2,795,000 $2,995,000
floors / apts4 / 4
Lot Size19'x85'
ZoneR7-2
Building TypeLow-Rise
RE Taxes$10,056
Price Per SF
$585

Outdoor space and views

  • Garden [22'x28']
  • Terrace [8'x12']

Building Amenities

  • Voice Intercom
  • Laundry Room
  • Roof Deck

Property Description for 76 Edgecombe Ave

Handsome, renovated, 4-family (C3) building on prime 19’ X 85’ corner lot with four full-floor residences (4,775 SF) and low taxes. Full basement of 1,225 additional square feet as well as private outdoor space of 575 SF as well as a private roof deck of 475 SF and attic of 625 SF. FAR as built is 2.87, with maximum Residential FAR of 3.44 and Facility FAR of 6.5. Excellent investment property, and suitable for conversion to a single-family residence. Beautiful tree-lined street near St. Nicholas Park. Last owned by legendary jewelry designer, Elsa Peretti, and once home to musical prodigy and thought leader, Manet Harrison Fowler, this bright, airy 4-story residence is currently configured as four floor-through units, some with distinctive touches from Ms. Peretti's ownership. The building features a full basement, rear yard, and a laundry room. A unique offering with a strong cap rate and lots of upside potential.

Listing History for 76 Edgecombe Ave

Now
07/10/2024
$2,795,000 [-$200,000] [6.7%]
Price Drop by Tom Postilio
Compass
05/17/2024
$2,995,000
Initial Price by Tom Postilio
Compass

Building Details for 76 Edgecombe Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.11 miles
145 St
0.41 miles
137 St-City College
0.44 miles
135 St
0.44 miles

Citi Bike

Frederick Douglass Blvd & W 139 St
0.08 miles
St Nicholas Ave & W 137 St
0.08 miles

Contact Agents

Contact Agents

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: 64090TH