Apartment building, Lower East Side, New York, USA

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Apartment building, Lower East Side, New York, USA

13,850,000 $
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Total area: 933 m² Yield: 4.3%
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Features
  • Operating Incomе: 514,355 €
  • 5-floor building

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

Description

There is a commercial unit on the ground floor, and the upper floors are occupied by nine 2-bedrooms apartments. 

The house includes a shared roof deck, a bike storage, and a locker storage.

In 2016 the following repairs were carried out:

  • roof replacement
  • rear building extension on all floors
  • full asbestos removal

Financial performance

The cost of the property is $ 13,850,000.

Projected annual income is $ 599,705.

The projected yield of 4.3%. 

Tenants

The tenant of a commercial premise is an art gallery.

The lease agreement is valid for 10 years with 3% annual rent increases.

Location and nearby objects

The property is located in the Lower East Side. This is a historical area of New York with brick houses with old fire escape stairs and narrow streets. The traditional architecture is combined here with modern shops, restaurants and design studios.

Bus stops, metro stations, parks, cafes, a cinema and a sports field are situated not far from the building.

Statistics in New York City

Price per m², $
13,819
Healthcare efficiency level
64
Crime rate
43
Real estate Price, $
Apartment in the city centre, m² 13,818.49
Apartment in a bedroom community, m² 5,966.73
Transport Price, $
Public transport, 1 ride 2.75
Monthly travel card 121.1
Taxi, 1 km 2.18
Petrol, 1 l 0.8
Food Price, $
Water, 1.5 l 2.45
Milk, 1 l 1.19
White bread, 500 g 3.89
Eggs, a dozen 3.57
Chicken fillet, 1 kg 13.44
Education Price, $
Kindergarten, per month 2,359.14
International school, per year 37,380.32
Health care index
Staff competence 73.17
Medical equipment 88.58
Research accuracy and completeness 72.56
Attitude towards patients 67.15
Security index
Crime rate 46.01
The risk of being robbed 43.62
The risk of car theft 44.09
The risk of break-in and property damage 49.73

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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Olga Starintseva
Real Estate Expert Tranio in Lower East Side
+44 17 4822 0039
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