A five-storey mixed-use building with a commercial unit, an office and apartments.
Description
The total area of the building is 2,598 m².
A commercial office space can be converted into an extra living unit after the lease agreement expires in 2018.
The apartments are renovated and fitted with modern equipment. The building has repaired plumbing and electric system, renovated common areas and a new video intercom system.
Absolute annual income is 375,166 $.
The current yield is 4.9%.
Financial performance with all premises leased out:
Absolute annual income is 380,000 $.
A yield is 5%.
The property is located in Manhattan neighbourhood. Underground stations, shops, restaurants, galleries, educational institutions, parks and other amenities are within walking distance.
