456 West 167th Street, Unit 1MA

Washington Heights

$650,000
Price
Studio
Beds
1
Bath
860 Sq. Ft.
$756 / Sq. Ft.
860
Sq. Ft.
$756
per Sq. Ft.

Description

Investment Unit – CAP RATE OF 5%!
Attractive space available in a luxurious condo building: Edgecombe Parc in Washington Heights. 860 sqft space situated just a few blocks from the A, C and 1 trains. Offers easy access to anywhere in the city; less than 20 minutes to Times Square. Also near to other medical facilities, including Columbia University Medical Center and New York Presbyterian Hospital. Easy access to GWB and Cross-Bronx Expressway makes it easy for clients/patients coming from NJ or LI.
...Investment Unit – CAP RATE OF 5%!


Attractive space available in a luxurious condo building: Edgecombe Parc in Washington Heights. 860 sqft space situated just a few blocks from the A, C and 1 trains. Offers easy access to anywhere in the city; less than 20 minutes to Times Square. Also near to other medical facilities, including Columbia University Medical Center and New York Presbyterian Hospital. Easy access to GWB and Cross-Bronx Expressway makes it easy for clients/patients coming from NJ or LI.


The current lease is at $3,500/month, increasing 3% annually for 4 years with an option to renew for another 5 years.
Landlord pays common charges of $588 per month, and annual taxes of $2,186.
Tenant is responsible for all other expenses, utilities, etc.
Total free cash flow is over $31k annually.
* Cap rate of 5%.

Listing Agent

Amenities

  • Doorman
  • Full-Time Doorman
  • Part-Time Doorman
  • Concierge
  • Roof Deck
  • Common Roof Deck
  • Common Outdoor Space
  • Gym

Location

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LISTING UPDATED: 03/25/2020 09:57 AM

Property Details for 456 West 167th Street, Unit 1MA

StatusExclusive Expired
Days on Market588
Taxes$182 / month
Common Charges$588 / month
Min. Down Pymt20%
Total Rooms2.0
Compass TypeCondo
MLS TypeCondominium
Year Built2014
CountyNew York County

Building

Edgecombe Parc

49 Units7 StoriesBuilt in 2014

Location

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Building Information for 456 West 167th Street, Unit 1MA

Building/ComplexEdgecombe ParcFloor1Stories7Residences49Pet PolicyAllowedYear Built2014Building AgePost-warBuilding TypeLowrise

Payment Calculator

$4,317 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$182

Maintenance/Common Charges

$588

The Payment Calculator is for illustrative purposes only.

Property History for 456 West 167th Street, Unit 1MA

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 456 West 167th Street, Unit 1MA

Taxable ValueLand-Additions-Total-
Home Facts
APN1021111005

Schools near 456 West 167th Street, Unit 1MA

This home is within New York City Geographic District # 6.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 8 Luis Belliard
PublicPK to 5

Ms 324 Patria Mirabal
Public6 to 8

Ms 319 Marie Teresa
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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