The listing facts are current enough for an initial property review.
197 Edgecombe Ave
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
$334/sqft vs a nearby median of $779/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
Asking price is about 138.8% below the fair value — likely to draw competing offers if it's still on market.
- Transit access+$121k +4.0%
- Days-on-market gravity−$91k −3.0%
- Pre-war character+$75k +2.5%
- Visible condition issues−$30k −1.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.
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
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.