Commercial space, Upper East Side, New York, United States

Additional information is provided after the signing of an NDA

Commercial space, Upper East Side, New York, United States

8,000,000 $
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Total area: 584 m² Yield: 4.6%
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Features
  • Operating Incomе: 314,896 €
  • Occupancy: 100%
  • End of lease: 2027

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 objects

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.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
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