Two restaurants, Manhattan, New York, USA

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Two restaurants, Manhattan, New York, USA

5,175,000 $
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Total area: 439 m² Yield: 4.4%
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Features
  • Operating Incomе: 193,838 €
  • 1 floor
  • Occupancy: 100%
  • End of lease: 2027

Two restaurants with a long lease on the ground floor of a building in Lower Manhattan.

Description

The property consists of two premises on the ground floor of a corner residential building.

The wraparound frontage is 30 m.

Financial performance

The cost of the property is $ 5,175,000.

Absolute annual income is $ 228,217.

The current yield of 4.4%. 

Tenants

The tenant of the first unit is an Italian restaurant and lounge.

The lease agreement is valid through August 2027.

The tenant of the second unit is a sushi-restaurant.

The lease agreement is valid through March 2025 and includes extension options for 1x5 years.

Both tenants reimburse taxes over their respective base years and are responsible for all other expenses including insurance, utilities and maintenance.

Location and nearby infrastructure

The property is located in the East Village area, which is home to many musical, artistic and literary movements. The public transport stops, shops, cafes and restaurants are situated in a walking distance from the property. The Tompkins Square Park, the Botanical Garden and the Farmer's Market are located nearby.

Statistics in New York City

Price per m², $
13,770
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Real estate Price, $
Apartment in the city centre, m² 13,770.18
Apartment in a bedroom community, m² 6,185.48
Transport Price, $
Public transport, 1 ride 2.75
Monthly travel card 121.0
Taxi, 1 km 2.02
Petrol, 1 l 0.8
Food Price, $
Water, 1.5 l 2.37
Milk, 1 l 1.18
White bread, 500 g 3.81
Eggs, a dozen 3.55
Chicken fillet, 1 kg 13.06
Education Price, $
Kindergarten, per month 2,332.24
International school, per year 38,047.62
Health care index
Staff competence 73.6
Medical equipment 88.92
Research accuracy and completeness 73.31
Attitude towards patients 68.01
Security index
Crime rate 45.89
The risk of being robbed 43.49
The risk of car theft 43.93
The risk of break-in and property damage 49.74

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 17 4822 0039
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