197 Edgecombe Avenue, New York City, NY 10030
Listing Courtesy of Compass
$1,295,000
Potential Rebate: $19,425
Overview
Central Harlem / Hamilton Heights Brownstone – 4-Story, 12-Unit SRO with Vacancies
Located in the vibrant and transit-rich neighborhood of Hamilton Heights, this classic 4-story, 12-unit SRO brownstone offers a rare opportunity for owner-occupants or investors alike. Spanning approximately 3,876 square feet, this well-maintained walk-up blends 19th-century charm with modern upgrades and features 9 vacant rooms ready for immediate use or reconfiguration.
Highlights include:
• Three clean, functional kitchens and four updated bathrooms
• New roof (2023)
• Gas water heater and boiler (2019)
• Updated electrical: Main panel in the basement with circuit boxes on each floor
• Energy-efficient windows throughout
• Fire sprinkler system
• Beautiful period stairwell with skylight
• Private rear yard with visible 3-story extension
Zoned R6A with a current FAR of 2.33 and a potential FAR of 3.0—buyers are encouraged to consult their architect regarding development potential.
Situated near iconic landmarks such as the Dance Theatre of Harlem, local libraries, historic districts, and a wide array of shops, schools, and houses of worship. Transit access is exceptional, with nearby subways (A, B, C, D, 1, 2, 3) and buses (Bx19, M3, M10, X59, X84).
Estimated Annual Expenses (2025/26):
• Real Estate Taxes: $41,175
• Insurance: $8,000
• Water: $4,000
• Utilities: $10,000
The seller is motivated and will review serious, well-documented offers submitted via email, including proof of funds.
Home Features
- •Natural Gas
- •See Remarks
- •Private Outdoor Space Over 60 Sqft
- •Crown Molding
- •High Ceilings
- •Full
Estimated Monthly Payment
$9,830 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$19,425
Monthly savings impact
$54/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20039981
Price Analysis
Compare average listing prices and value metrics for 197 Edgecombe Avenue against the surrounding Central Harlem market.
Average List Price
Price Per SqFt
62.27% Lower
than the Central Harlem price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Central Harlem
Overview of Central Harlem
Central Harlem is the cultural capital of Black America. Known for its jazz clubs and historic brownstones. For buyers seeking Central Harlem Manhattan real estate, it offers history and community.
Living in Central Harlem is soulful. As a Manhattan NYC neighborhood, it is experiencing a renaissance.
Real Estate & Housing Market
The market for homes for sale in Central Harlem includes renovated brownstones and new condos.
Lifestyle & Community
The lifestyle in Central Harlem is vibrant. 125th Street is the commercial heartbeat.
Transportation & Accessibility
Central Harlem is served by the 2/3 and B/C trains.
Parks, Schools & Amenities
Marcus Garvey Park is a community gathering spot.
Amenities: The Apollo Theater is a global icon.
Who This Neighborhood Is Best For
Central Harlem is best for culture seekers and families.
