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Washington Heights, #1MA

Condo in Washington Heights

$ 650,000

Maintenance & tax:$1,065

Tax:$477/mo

Maintenance: $0

Common: $588

Condo For Sale

 
Condo
 
Studio
 
1 bath
 
860 sqft

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. *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. *The net income is over $30k annually. * Cap rate of 5%.

Location

Features & Amenities

  • Doorman
  • Elevator
  • Health Club
  • New Construction
  • Wheelchair Access

Posted: 1 month ago (Mar 22, 2024)

Estimated Monthly Costs

  • $2,081.77

    Est. Mortgage

  • $0.00

    Maintenance

  • $2,081.77

    Monthly Total*

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* The estimated monthly costs provided by this caculator are for illustrative purposes only, with no guarantee regarding accuracy.

TransistTransit (6) Good connectivity to most hubs

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No schools within a 10 min walk

Crime rate Below average crime rate

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