Fitness center, New York, USA

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Fitness center, New York, USA

$22,950,000
$20,491 /m²
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  • Total area
    1,120 m²
  • Yield
    4.3%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: $970,367
Tenants
  • Fully let
  • End of lease: 2031

Commercial unit in the prestigious condominium.

Description

Total area of the property is 1,120 m² The fitness center occupies 633 m² on the ground floor and 487 m² on the lower level of the building.

Length of the fitness senter's facade is 33 m²

Financial performance

Absolute annual income is 996,000 $.

The current yield of 4.3%.

Tenants

The tenant is a fitness company, which operates about 50 branches in New York and continues to expand.

The lease agreement is valid through 2031 and includes extension options for 2x5 years.

Location and nearby infrastructure

The property is situated in the prestigious area East Village. Fitness center is close to Tompkins Square Park.

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