Apartment building, Midtown, New York, USA

Additional information is provided after the signing of an NDA

Apartment building, Midtown, New York, USA

12,750,000 $
13,724 $ /m²
Send a request
Send via email
  • Total area
    929 m²
  • Yield
    4.5 %
  • Rental rate (m²/month)
    48 $
Send a request
Send via email
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: 537,569 $
Object status
  • Most recent total renovation: 2017

An apartment building with a commercial premises on the ground floor in Midtown East.

Description

The house consists of five floors.

There is a commercial unit on the ground floor, and the upper floors are occupied by eight 2-bedrooms, six 1-bedrooms, and one 4-bedroom unit.

All apartments are renovated and equipped with:

  • granite counter tops
  • stainless steel appliances
  • marble bathrooms
  • hardwood floors

While renovations are set to be completed by Dec 2017, all units are in mint condition, vacant, and move-in ready.

Financial performance

The cost of the property is $ 12,750,000.

Projected annual income is $ 573,269.

The projected yield of 4.5%.

Location and nearby infrastructure

The house is located in the eastern part of Midtown, the busy business and tourist district of New York. Public transport stops, metro stations, shops, cafes, restaurants and parks are situated not far from the building.

  • Property on the map
    Location right down to the building, street or city

Statistics in New York City

Price per m², $
14,171
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.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 14,170.59
Apartment in a bedroom community, m² 6,172.31
Transport Price, $
Public transport, 1 ride 2.71
Monthly travel card 118.97
Taxi, 1 km 1.67
Petrol, 1 l 0.79
Food Price, $
Water, 1.5 l 2.26
Milk, 1 l 1.11
White bread, 500 g 3.84
Eggs, a dozen 3.5
Chicken fillet, 1 kg 12.89
Education Price, $
Kindergarten, per month 2,339.76
International school, per year 37,494.97
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

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

More properties

If this property wasn’t for you, take a look at other apartment buildings for sale in the USA.

You can see more apartment buildings for sale in Midtown Manhattan elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

Send a request
    When you submit a request, you agree to our terms and conditions

    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

    Similar listings

    We select ads that may interest you.

    Enquire about this apartment building
    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Midtown Manhattan
    +44 17 4822 0039
    Send a request
      When you submit a request, you agree to our terms and conditions
      • Bank financing from 3% annually
      • Property, plot and construction site survey
      • Management company services
      Call us
      Send a request
      Location choice
      • еще ...
      • City, Region, Country
      Loading...
      • Nothing found
      • Nothing found