$ 599,000
2
Rooms
1
Bathrooms
Details
Condo
Ownership
$ 245
Real Estate Taxes
[Monthly]
$ 673
Common Charges [Monthly]
90%
Financing Allowed
Active
Status
Description
Calling all Investors!
5.2% CAP RATE
Rare opportunity to purchase a commercial condo in a Washington Heights doorman building. Located on the raised-ground floor, the entrance to the unit is inside the attended lobby. This attractive space measures approximately 860+/- sqft. The current lease is $3,500/month, increasing annually with an option to renew for an additional 5 years. Call for further lease details.
Owner pays monthly common charges and annual real estate taxes. Tenant pays all other expenses, utilities, etc.
The net income is approximately $31k annually.
The Edgecombe Parc Condominium is a newly constructed elevator building with doorman, fitness center, roof deck, bike storage, and more. Conveniently located 2 blocks from New York Presbyterian Hospital; Columbia University's Colleges of Physicians and Dental Medicine, and Schools of Nursing and Public Health; and multiple subway lines including the "1," "C," and amazingly fast "A" express line (which gets you to Midtown in 15 minutes!). From here, you're also minutes from gorgeous Fort Tryon Park, Highbridge Park, Henry Hudson Parkway, George Washington Bridge, and Harlem River Drive.
Calling all Investors!
5.2% CAP RATE
Rare opportunity to purchase a commercial condo in a Washington Heights doorman building. Located on the raised-ground floor, the entrance to the unit is inside the attended lobby. This attractive space measures approximately 860+/- sqft. The current lease is $3,500/month, increasing annually with an option to renew for an additional 5 years. Call for further lease details.
Owner pays monthly common charges and annual real estate taxes. Tenant pays all other expenses, utilities, etc.
The net income is approximately $31k annually.
The Edgecombe Parc Condominium is a newly constructed elevator building with doorman, fitness center, roof deck, bike storage, and more. Conveniently located 2 blocks from New York Presbyterian Hospital; Columbia University's Colleges of Physicians and Dental Medicine, and Schools of Nursing and Public Health; and multiple subway lines including the "1," "C," and amazingly fast "A" express line (which gets you to Midtown in 15 minutes!). From here, you're also minutes from gorgeous Fort Tryon Park, Highbridge Park, Henry Hudson Parkway, George Washington Bridge, and Harlem River Drive.
Listing Courtesy of Corcoran Group
Features
A/C
Washer / Dryer Hookups
Building Details
Condo
Ownership
Concierge
Service Level
Elevator
Access
Pets Allowed
Pet Policy
2111/7501
Block/Lot
Low-Rise
Building Type
Post-War
Age
2014
Year Built
8/49
Floors/Apts
Building Amenities
Bike Room
Fitness Facility
Roof Deck
Wheel Chair Access
Building Statistics
$ 696 APPSF
Closed Sales Data [Last 12 Months]
Contact
Max Kozower
President
Listing ID: 1622460
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
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.
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