Apartment building, Midtown, New York, USA

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Apartment building, Midtown, New York, USA

$12,750,000
$13,724 /m²
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  • Total area
    929 m²
  • Yield
    4.5%
Details
Property parameters
  • 5-floor building
Financial performance
  • Annual income: $517,098
Property 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.

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