Apartment building, Midtown, New York, USA

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Apartment building, Midtown, New York, USA

12,750,000 $
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Total area: 929 m² Yield: 4.5%
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Features
  • Operating Incomе: 484,656 €
  • 5-floor building
  • 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 objects

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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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Midtown Manhattan
+44 17 4822 0039
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