Edgecombe Parc

456 West 167th Street, 1MA

Washington Heights   |   Jumel Place & Amsterdam Avenue

Condo [Concierge]
$ 599,000
Rooms 2
Bathrooms 1
Status Active
Real Estate Taxes [Monthly] $ 245
Common Charges [Monthly] $ 673
Financing Allowed 90%
Listing ID: 1622460

Property 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 The Corcoran Group

Care to take a look at this property?

Apartment Features

A/C
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

Mortgage Calculator in [US Dollars]

$
%
$
%

Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. 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.