Mix used building – Manhattan, New York City, State of New York, USA

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Mix used building – Manhattan, New York City, State of New York, USA

$24,500,000
$15,909 /m²
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  • Total area
    1,540 m²
  • Yield
    4.2%
Details
Property parameters
  • Land area: 213 m²
  • 7-floor building
Financial performance
  • Annual income: $924,483
Tenants
  • Fully let
  • End of lease: 2024

Corner Renovated Mixed-Use Elevator Building.

Description

The building includes a restaurant on the ground floor, office space on the second floor and residential apartments on the upper floors.

All apartments are fully renovated and have panoramic windows.

Ceiling height is 3.4 m.

Financial performance

The cost of the property is 24,500,000 $.

The absolute annual income is 1,029,000 $.

The current yield is 4.2%.

Tenants

The restaurant is rented by a large tenant, who also has facilities in Soho and Dubai.

Lease agreement is concluded until 2024.

Location and nearby infrastructure

The facility is located in the East Village area, which is home to many musical, artistic and literary movements. There are many galleries, bars, nightclubs and bookstores.

In close proximity there are bus stations, a sports hall, a night club, a farmers' market and a grocery store.

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

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