Condo retail, Manhattan, New York, USA

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Condo retail, Manhattan, New York, USA

$14,210,000
$41,069 /m²
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  • Total area
    346 m²
  • Yield
    4.0%
Details
Financial performance
  • Annual income: $557,128
Tenants
  • Fully let
  • 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.

More properties

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

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