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456 West 167th St. 1MA, New York, NY 10032

Active Listing
Listing Details:
$599,000 Price
Condo Property Type
Washington Heights Neighborhood
-- Beds
1 Baths
938 Approx. Sq. Ft.
$673 Maint/CC
$245 RET
Key Features:
Allows Pets
Rooftop Access

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

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