Edgecombe Parc

456 West 167th Street, 1-MA

Washington Heights   |   Jumel Place & Amsterdam Avenue

Condo [Concierge]
$ 650,000
Rooms 2
Bathrooms 1
Status Active
Real Estate Taxes [Monthly] $ 182
Common Charges [Monthly] $ 588
Financing Allowed 90%
Listing ID: 1622460

Property Description

Investment Unit – CAP RATE OF 4.9%!

Attractive space available in a luxurious condo building: Edgecombe Parc in Washington Heights. 860 sqft space situated just a few blocks from the A, C and 1 trains. Offers easy access to anywhere in the city; less than 20 minutes to Times Square. Also near to other medical facilities, including Columbia University Medical Center and New York Presbyterian Hospital. Easy access to GWB and Cross-Bronx Expressway makes it easy for clients/patients coming from NJ or LI.

The current lease is at $3,399/month, increasing 3% annually for 4 years with an option to renew for another 5 years. Landlord pays common charges of $588 per month, and annual taxes of $2,186. Tenant is responsible for all other expenses, utilities, etc. Total free cash flow is over $31k annually. * Cap rate of 4.9%.
Investment Unit – CAP RATE OF 4.9%!

Attractive space available in a luxurious condo building: Edgecombe Parc in Washington Heights. 860 sqft space situated just a few blocks from the A, C and 1 trains. Offers easy access to anywhere in the city; less than 20 minutes to Times Square. Also near to other medical facilities, including Columbia University Medical Center and New York Presbyterian Hospital. Easy access to GWB and Cross-Bronx Expressway makes it easy for clients/patients coming from NJ or LI.

The current lease is at $3,399/month, increasing 3% annually for 4 years with an option to renew for another 5 years. Landlord pays common charges of $588 per month, and annual taxes of $2,186. Tenant is responsible for all other expenses, utilities, etc. Total free cash flow is over $31k annually. * Cap rate of 4.9%.

Listing Courtesy of Compass

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Apartment Features

A/C
Washer / Dryer
456 West 167th Street Washington Heights New York NY 10032

Building Details [456 West 167th Street]

Ownership Condo
Service Level Concierge
Access Elevator
Pet Policy Pets Allowed
Block/Lot 2111/92
Building Type Low-Rise
Age Post-War
Year Built 2014
Floors/Apts 8/49

Building Amenities

Bike Room
Fitness Facility
Roof Deck
Wheel Chair Access

Building Statistics

$ 756 APPSF

Active Sale Listings

$ 42 APPSF

Rented Listings [Last 12 Months]

$ 842 APPSF

Closed Sales Data [Last 12 Months]

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


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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.