5.8% 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 over $34k 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.
Building Features 7 Floors49 Units
Listed on Sep 21, 2020
128 Days on Market
Studio / 1.0 Bath / - ft²
Total Monthly expenses: $3,214
Maintenance: $378 / R.E. Taxes $2,836
Exclusively listed with: The Corcoran Group Source: RLS
Unit listing history
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