Apartment building, Berlin, Germany

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Apartment building, Berlin, Germany

5,350,000 €
2,675 € /m²
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  • Total area
    2,000 m²
  • Yield
    3.49%
  • Built in 
    1900
Details
Property parameters
  • Land area: 690 m²
  • Total apartments: 26
Financial performance
  • Annual income: 186,640 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2000
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The building consists of 2 commercial units and 26 apartments. Most of flats have balconies, loggias, or terraces.

8 flats are duplex apartments.

The flats on the ground floor have small terraces opening to the beautiful landscaped yard.

  • Central heating and hot water supply
  • Wooden and PVC windows
  • Satellite antenna

In 1999–2000 the property was extensively renovated, including the residential units, and the roof was extended

Tenants

The property is fully let.

Location and nearby infrastructure

Friedrichshain originally shaped by creative people, with its varied historical neighbourhoods is now one of the most sought-after places to live in within the capital. Along the Spree are located companies such as Mercedes-Benz, Universal Music, Zalando and Amazon. The area is known for the clubs along Holzmarktstraße and the East Side Gallery. In addition, the location allows one to easily escape the dynamic city life to Berlin’s oldest park located in a walking distance from the complex. The Volkspark park offers plenty of different leisure activities, from open-air cinema to beach sports and basketball. Along the banks of the Spree, the area around the Oberbaumbrücke with its countless bars, clubs and restaurants has established itself as the center of Berlin ‘s nightlife.

The complex benefits not only from its central location within Berlin, but also from its excellent public transport connections. It is only a short walking distance to the Ostbahnhof and the U-Bahn station ”Weberwiese“, whose rail network provides direct connections to the Zoo station, Alexanderplatz, the main railway station and BER airport.

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