Elite store of cameras on the ground floor of the building.
The total area of the property is 212 m².
Asset Type: Retail Condo.
The cost of the property is 6,000,000 $.
The absolute annual income is 300,000 $.
The current yield is 5.0%.
The tenant is an elite camera store.
The lease agreement is valid until 2021 with the option of extending 1x5 years and provides the annual indexation of the rent by 3.5%.
The property is located in Lower Manhattan, in SoHo. Its picturesque narrow streets are filled with a variety of trendy cafes, designer boutiques such as Rag & Bone, Vince, Sandro and the city's main department stores.
Soho is the center of culture, art and recreation. There are art galleries, museums, nightclubs and bars.
The area is close to the Financial District, including the New York Stock Exchange, the Federal Reserve Bank of New York, Federal Hall and Wall Street.