Commercial premises, Manhattan, New York, USA

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Commercial premises, Manhattan, New York, USA

$7,200,000
$12,307 /m²
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  • Total area
    585 m²
  • Yield
    5.1%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: $333,581
Tenants
  • Fully let

Commercial units on the ground floor of the building.

Description

The total area of the property is 582 m².

The property consists of three commercial facilities in an elite high-rise residential building.

Financial performance

The cost of the property is 7,200,000 $.

The absolute annual income is 369,771 $.

The current yield is 5.1%.

Tenants

Tenants are a playground for children, a dry cleaner and a company that supplies lockers for storing things to the residents of the building.

The leasе agreements are valid for 10 years and contain options for extension.

Location and nearby infrastructure

The property is located in the Upper East Side, which is one of the most expensive and prestigious residential areas of New York.

The area has the largest number of museums, elite cafes and cultural centers.

The area is famous for its good infrastructure for families with children, thanks to its proximity to Central Park, Riverside Park, first-class schools and lots of entertainment for children.

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If this property wasn’t for you, take a look at other retail space for sale in Upper East Side.

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