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for saleRealtyLens property overview
$1,295,000

197 Edgecombe Ave

Manhattan, NY, 10030
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12Beds
4Baths
3,876Sqft
$334$/sqft

Listing Notes

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 3.0buyers 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.

Market Insights

Below nearby median-57%

$334/sqft vs a nearby median of $779/sqft.

Nearby median$779/sqft
Nearby properties8
Property size3,876 sqft
  • -57% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,876 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$3.09M$2.81M$3.37M · 50% confidence
vs ask $1.29M−$1.80M (−138.8%)

Asking price is about 138.8% below the fair value — likely to draw competing offers if it's still on market.

$779/sqft median across 8 tight comps × 3,876 sqft= $3.02M
  • Transit access+$121k +4.0%
  • Days-on-market gravity−$91k −3.0%
  • Pre-war character+$75k +2.5%
  • Visible condition issues−$30k −1.0%
Cumulative NYC adjustments+$75k+2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-57% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
286 days
Last price change
No change recorded
Listed
Jul 30, 2025
Photos
13 photos
Property type
multi family
Status
for sale
Last sold
Dec 5, 2016 · $1,244,026

Features & Amenities

BasementTwo Or More StoriesPrivate BackyardRental PropertyEfficientNew RoofShopping

Photos

Building Facts

Year built
1901
Stories
3
Total units
12
Residential units
12
Building area
3,876 sqft
Lot size
1,667 sqft
Land use
Multi-family walk-up buildings
Building class
C1

From NYC public records where available.

Price History

May 4, 2026Initial record
$1,295,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.