Commercial areas on the ground floor of a residential building.
Description
The property includes 3 rooms. One of them (227 mm²) is located in a below-grade space and consists of 57 storage cells, which are leased to the residents of the building.
Financial performance
The cost of the property is $ 8,000,000.
Absolute annual income is $ 369,421.
The current yield of 4.6%.
Tenants
The tenants are a children's playroom and a dry cleaning.
Both tenants have signed new lease contracts until 2027, which include extension options.
Location and nearby infrastructure
The property is located in one of the most prestigious and expensive areas of New York — the Upper East Side. Public transport stops, a metro station, a park, shops and restaurants are situated in a walking distance from the building.
