$1,350,000
Updated 2 months ago
Off Market

30 Edgecombe Ave

Harlem, Manhattan | West 136th Street & West 137th Street

3,852 Square FeetIncome Property

$1,350,000
floors / apts4 / 7
Lot Size17'5"x90'
Built Size17'5"x55'
ZoneR8
Building TypeTownhouse
RE Taxes$13,212
Price Per SF
$350

Listing Features

  • Original Details

Outdoor space and views

  • Backyard
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom

Property Description for 30 Edgecombe Ave

Cash on cash return 7.4%! Contact the listing brokerage Harlem Lofts Inc for your private tour!

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 ($142,276/year), generating a capitalization rate of 7.4 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 faade 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

Building Details for 30 Edgecombe Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts4/7
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.03 miles
135 St
0.42 miles
137 St-City College
0.44 miles
145 St
0.49 miles

Citi Bike

St Nicholas Ave & W 137 St
0.04 miles
St Nicholas Ave & W 134 St
0.14 miles

Contact Agent

Contact Agent

Licensed As
Robert D. Pair
Broker
License#:
31PA1003506
Company:
Harlem Lofts Inc.
Robert Pair
Harlem Lofts Inc.

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: 24035TH