Сommercial premises, Manhattan, New York, USA

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Сommercial premises, Manhattan, New York, USA

$14,500,000
$56,640 /m²
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  • Total area
    256 m²
  • Yield
    4.4%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: $580,988
Tenants
  • Fully let

Seven shops on the ground floor of the building.

Description

The total area of the property is 256 m².

The building is well reviewed by the Williamsburg Bridge.

The property also includes a billboard.

Financial performance

The cost of the property is 14,500,000 $.

The absolute annual income is 638,000 $.

The current yield is 4.4%.

Tenants

The property has 7 tenants. The billboard was leased to one of the largest outdoor advertising companies in the world.

The lease agreement is valid until 2020.

Location and nearby infrastructure

The property is located in the Lower East Side.

There are some of the city's best attractions, such as the Soho area with art galleries, museums, nightclubs and bars and Nolita nearby.

The area provides a huge selection of cafes and restaurants with cuisine from different countries.

More properties

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

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