Multifamily Property in New
For Sale
$2,299,000
Pending
205 Edgecombe Ave, New York, NY 10030
Multifamily property for sale in New York, NY.
Property Size3,587 SF
Lot Size0.04 Acres
Days on Market320
Property Features for 205 Edgecombe Ave
General Information
Standard status
Pending
Size
3,587 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,775
Building Details
Building Size
3,587 SF
Year Built
1901
Stories
4
Units
4
Listing Agency:
Compass
Listed By:
James C Farah
(917) 698-8686
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 12
Last Checked: Oct 12 at 8:39PM
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 Compass
Investment Insights
Based on property information with market context.
A multifamily property is available for sale. The list price is $2,400,000.
Key Highlights
- Year Built: 1901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,228
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,244,560
$2.2M
Cap Rate 7%
$1,603,257
$1.6M
Cap Rate 9%
$1,246,978
$1.2M
Market Conditions
NOI Build-Up for 3,587 SF
Gross rent
$214.8K $59.88/SF
− Vacancy
−$10.7K −$2.99/SF
EGI
$204.1K $56.89/SF
− OpEx
−$91.8K −$25.60/SF
NOI
$112.2K $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%
$2,244,560
Cap Rate 7%
$1,603,257
Cap Rate 9%
$1,246,978
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,228 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.93M
$7.81M – $10.42M
NOI $624,999 @ 7.0% cap · market cap 27.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,890
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property for sale in New York, NY.
Where is this multifamily property located?
The property is located at 205 Edgecombe Ave New York, NY.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Year Built: 1901
