Spa on the ground floor of a building in Manhattan.
Description
The total area of the property is 216 m².
The building was built in the pre-war period and was recently renovated.
Financial performance
The price of the property is 3,700,000 $.
The absolute annual income is 175,427 $.
The current yield is 4.7%.
Tenants
A tenant since December 1, 2017 is a large retail chain of spa salons, represented in Los Angeles and Westchester County.
The lease agreement is concluded until December 2024.
Location and nearby infrastructure
The property is located in Flatiron, Manhattan's business district.
There are the Madison Square Park, the large Union Square, various historical and cultural museums, metro stations and bus stops nearby.
Historical architecture blends harmoniously with modern shops, restaurants and nightclubs.
