Apartment building, Long Island, New York, USA

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Apartment building, Long Island, New York, USA

$1,575,000
$3,860 /m²
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  • Total area
    408 m²
  • Yield
    6.0%
  • Built in 
    1961
Details
Property parameters
  • Land area: 526 m²
  • Total apartments: 2
  • 2-floor building
Financial performance
  • Annual income: $95,978
Tenants
  • Fully let
Features
  • Street retail

Freestanding two-storey building with commercial and residential unirs.

Description

Total area of the property is 408 m²

The first floor consists of two commercial premises, the second floor comprised of two one-bedroom apartments.

The length of building facade is 22 metres.

All premises are leased out.

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

Financial performance

Absolute annual income is 94,500 $.

The current yield of 6%.

Location and nearby infrastructure

Building situated in one of the cities of Long Island with population of about 20 thousand people. There are shopping center, a plenty of single-family homes and raiway station located in close proximity from the property.

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