A 5-story residential building with a commercial unit.
The building consists of 16 studio apartments and a commercial unit on the ground floor.
The commercial premises is rented.
The cost of the property is $ 14,000,000.
Absolute annual income is $ 515,132.
The current yield of 3.7%.
The tenant is a cafe.
The lease agreement is valid through April 2022.
Location and nearby infrastructure
The house is located in the Flatiron district. Public transport stops, shops, cafes and restaurants are situated in a walking distance from the building. The Madison Square Park, the MetLife Tower and the Flatiron Building are located nearby.