Commercial center, New York, USA

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Commercial center, New York, USA

$12,995,000
$8,703 /m²
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  • Total area
    1,493 m²
  • Yield
    4.7%
Details
Financial performance
  • Annual income: $614,281
Tenants
  • Fully let
  • End of lease: 2030

Stand-alone commercial building.

Description

Total area — 1,493 m²

Two-storey building provided with floor-to-ceiling windows.

Financial performance

Absolute annual income is 612,457 $.

The current yield of 4.7%.

Tenants

The tenant is health club chain.

The lease agreement is valid through 2030 and stipulates rental payment indexation at 12.5% every 5 years.

Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.

Location and nearby infrastructure

The center is situated in one of Brooklyn's fastest growing retail corridors amongst other leading retailers such as McDonald's, Walgreens, Foot Locker, Chase Bank, Dominos Pizza, 7-Eleven, and many more.

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