Apartment building, Manhattan, New York, USA

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Apartment building, Manhattan, New York, USA

$14,000,000
$16,036 /m²
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  • Total area
    873 m²
  • Yield
    3.7%
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: $462,992
Tenants
  • Fully let
  • End of lease: 2022

A 5-story residential building with a commercial unit.

Description

The building consists of 16 studio apartments and a commercial unit on the ground floor.

The commercial premises is rented.

Financial performance

The cost of the property is $ 14,000,000.

Absolute annual income is $ 515,132.

The current yield of 3.7%.

Tenants

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.

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    Marina Filichkina,
    Head of Sales
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