Condo retail, Manhattan, New York, USA

Additional information is provided after the signing of an NDA

Condo retail, Manhattan, New York, USA

14,210,000 $
41,069 $ /m²
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  • Total area
    346 m²
  • Yield
    4.0 %
  • Rental rate (m²/month)
    139 $
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Details
Financial performance
  • Annual income: 582,936 $
Tenants
  • Occupancy: 100 %
  • End of lease: 2026
Features
  • Street retail

Street retail in a residential complex.

Description

Total area of the property is 316 m²

The retail unit situated on the ground floor of prestigious condominium.

Financial performance

Absolute annual income is 568,400 $.

The current yield of 4%.

Tenants

The tenant is a large medical clinic company, which includes more than 80 branches in New York.

A new lease agreement was signed for 10 years and runs through 2026.

The agreement stipulates annual rental payment indexation at 3%.

Location and nearby infrastructure

The property is situated in the business district Gramercy. Retail unit is close to the supermarkets, banks and restaurants of such large retailers, as McDonald's, CVS, Chase Bank, Starbucks and 7-Eleven.

  • Property on the map
    Location right down to the building, street or city

Statistics in New York City

Price per m², $
14,129
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 14,128.42
Apartment in a bedroom community, m² 6,153.94
Transport Price, $
Public transport, 1 ride 2.7
Monthly travel card 118.62
Taxi, 1 km 1.67
Petrol, 1 l 0.79
Food Price, $
Water, 1.5 l 2.26
Milk, 1 l 1.11
White bread, 500 g 3.83
Eggs, a dozen 3.49
Chicken fillet, 1 kg 12.85
Education Price, $
Kindergarten, per month 2,332.8
International school, per year 37,383.39
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other retail space for sale in the USA.

You can see more retail space for sale in Manhattan elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Manhattan
    +44 17 4822 0039
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