Renaissance Revival Seven-Family
30 Edgecombe Avenue, New York, NY 10030
Investment opportunity in Dorrance Brooks Square Historic District.
Type:Multifamily
Property size:
3,850 SFPrice / SF:
$350/SF- Added:
- Jul 2, 2025
- Days on Market:
- 325
- Last Refresh:
- Mar 16 at 1:19 pm
Property Features for 30 Edgecombe Avenue
General Information
- Standard status
- Active
- Size
- 3,850 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1901
Listing agent Robert D. Pair License #NY 31PA1003506
Listing office Harlem Lofts
Listing date Jul 2, 2025
Source Crexi
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 Harlem Lofts
HighLights
- Over 8% Cash‑on‑Cash Return and Capitalization Rate
- Excellent Gross Operating Income ($152,843/year)
- Located in the Dorrance Brooks Square Historic District, overlooking St. Nicholas Park
- Original Renaissance Revival Red Brick and Stone Façade with Original Interior Details (Oak Doors, Woodwork, Mirrors, Fireplaces)
- Seven Apartments (Six Studios and a Floor‑Through Two‑Bedroom Home), all rent‑stabilized and separately metered
- Convenient location close to subways (B/C), buses (M3, M10), shopping on 125th Street, restaurants, and City College
Overview
Located in the Dorrance Brooks Square Historic District, 30 Edgecombe Avenue is a seven-family townhouse presenting an investment opportunity. The Renaissance Revival red brick property overlooks St. Nicholas Park. The building provides 3,850 square feet of space, along with 5,631.5 square feet of air rights. The exterior features the original Renaissance Revival red brick and stone façade, a bay window on the second floor, and Queen Anne accents. The interior retains original oak doors, woodwork, mirrors, and fireplaces. The property comprises seven rent-stabilized apartments, including six studios and one floor-through two-bedroom home. Each unit includes high ceilings, large windows, open-plan kitchens, and tiled bathrooms. All apartments have separate meters and are wired for cable and internet. The property is near restaurants on Frederick Douglass and Adam Clayton Powell Boulevards, and a short walk from City College. Shopping on 125th Street is nearby, and the property is conveniently located for the B/C subway lines and the M3 and M10 bus lines. St. Nicholas Park is located across the street. Five of the seven units are occupied by well-qualified tenants.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.34M
NOI $120,456 @ 9.00% cap · cautious / downside scenario
Moderate
$1.72M
NOI $120,456 @ 7.00% cap · market / base-case scenario
Aggressive
$2.41M
NOI $120,456 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $230.5k | $59.88 |
| − Vacancy | −$11.5k | −$2.99 |
| EGI | $219.0k | $56.89 |
| − OpEx | −$98.6k | −$25.60 |
| NOI | $120.5k | $31.29 |
3,850 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.72M
$1.51M – $2.01M
NOI $120,456 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.58M
$8.39M – $11.18M
NOI $670,824 @ 7.0% cap · market cap 49.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9471637
- Latitude
- 40.8178918
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Investment opportunity in Dorrance Brooks Square Historic District.
Where is this apartment building located?
The property is located at 30 Edgecombe Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Over 8% Cash‑on‑Cash Return and Capitalization Rate; Excellent Gross Operating Income ($152,843/year); Located in the Dorrance Brooks Square Historic District, overlooking St. Nicholas Park
