Harlem Multifamily Building for
For Sale
Contact for pricing
281 Edgecombe Avenue, New York, NY 10031
Prewar multifamily building in Harlem with 49 residential apartments.
Property Size58,596 SF
Lot Size0.30 Acres
Price / SF$119.38
Days on Market188
Property Features for 281 Edgecombe Avenue
General Information
Standard status
Active
Size
58,596 SF
Lot size
0.30 Acres
Property subtype
Multifamily
Zoning
R8A
Net Operating Income
$558,405
Building Details
Year Built
1920
Buildings
1
Stories
6
Units
49
Listing Agency:
RM Friedland
(914) 968-8500
Listed By:
Marco Lala · License #NY 30LA0846852
Source:
Crexi
Added: Feb 17
Changed: Aug 17
Last Checked: Aug 23 at 11:16AM
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 RM Friedland
Investment Insights
Based on property information with market context.
Located on Edgecombe Avenue in Harlem, New York, this elevatored, prewar multifamily property features forty-nine residential apartments. The six-story, semi-fireproof building totals approximately 58,600 square feet on a 12,900-square-foot R8A-zoned parcel. The property showcases early 20th-century construction with modernized mechanical systems. An arched steel and glass entrance leads into a tiled lobby and entranceway with original marble and steel staircases. The facade and parapet walls have been repointed and restored within the past two years, including a rebuilt eastside parapet with new stucco and flashing. The roof is a silver-coated rubber membrane in good condition. Mechanical features include a 1986 dual-fuel boiler operating primarily on natural gas with a 3,500-gallon above-ground #2 oil tank and computerized heat-timer controls. The building has circuit breaker electrical panels throughout, gas meters located in the basement, and a heat management computer system. The apartments average over 1,050 square feet per unit (estimated), and several have been fully gut renovated with modern finishes while maintaining prewar layouts. A laundry room is available for resident use. The property is situated within the Sugar Hill area of Harlem, offering convenient access to public transportation, neighborhood shopping, dining, and recreational amenities.
Key Highlights
- Elevator building featuring 49 generously sized apartments, averaging over 1,050 sq ft, ideal for long‑term family tenancy.
- Located in Harlem's vibrant Sugar Hill, offering convenient access to transportation, shopping, dining, and recreation.
- Recent facade and parapet wall restoration ensures structural integrity and aesthetic appeal.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Prewar multifamily building in Harlem with 49 residential apartments.
Where is this apartment building located?
The property is located at 281 Edgecombe Avenue New York, NY.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: Elevator building featuring 49 generously sized apartments, averaging over 1,050 sq ft, ideal for long‑term family tenancy.; Located in Harlem's vibrant Sugar Hill, offering convenient access to transportation, shopping, dining, and recreation.; Recent facade and parapet wall restoration ensures structural integrity and aesthetic appeal.
