Residential Income Property with
121 EDGECOMBE Avenue 1, Manhattan, NY 10030
For Sale
New
$650,000
The unit combines an open kitchen and living area with a private outdoor space and in-unit laundry.
Property Size745 SF
Price / SF$872.48
Days on Market6
Property Features for 121 EDGECOMBE Avenue 1
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
open chef's kitchen
Viking stainless steel appliances
strip hardwood floors
Kohler fixtures
Bosch washer/dryer
video intercom
individually controlled heating/cooling units
private storage cage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Sandra Balan
(212) 588-5644
Source:
Serhant
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 6 at 4:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 745-square-foot residence was built in 2008 and opens from its living area onto a private outdoor space of more than 200 square feet, finished with paving stones, plantings, and wood fencing. The open kitchen is equipped with Viking stainless steel appliances. Additional features include hardwood floors, Kohler kitchen and bath fixtures, a Bosch washer and dryer, video intercom, individually controlled heating and cooling in each room, and a private storage cage.
The property is at 121 Edgecombe Avenue in Manhattan. A/C/B service at 135th Street and A/C/B/D service at 145th Street are described as steps away. St. Nicholas Park is less than a block away, and the Hudson River Greenway and Riverbank State Park are five blocks away.
The property is at 121 Edgecombe Avenue in Manhattan. A/C/B service at 135th Street and A/C/B/D service at 145th Street are described as steps away. St. Nicholas Park is less than a block away, and the Hudson River Greenway and Riverbank State Park are five blocks away.
Key Highlights
- 745 square feet of interior space
- More than 200 square feet of private outdoor space with paving stones, plantings, and wood fencing
- Open kitchen with Viking stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,309
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 745 SF
Gross rent
$44.6K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.4K $56.89/SF
− OpEx
−$19.1K −$25.60/SF
NOI
$23.3K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,809 @ 7.0% cap · market cap 19.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,628
Businesses Nearby
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Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - The unit combines an open kitchen and living area with a private outdoor space and in-unit laundry.
Where is this residential income property located?
The property is located at 121 EDGECOMBE Avenue 1 Manhattan, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 745 square feet of interior space; More than 200 square feet of private outdoor space with paving stones, plantings, and wood fencing; Open kitchen with Viking stainless steel appliances
