Apartment building, Soho, Manhattan, New York, USA

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Apartment building, Soho, Manhattan, New York, USA

8,750,000 $
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Total area: 523 m² Yield: 4.5%
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Features
  • Operating Incomе: 336,835 €
  • 5-floor building
  • Occupancy: 100%

Apartment building with commercial premises on the ground floor.

Description

On the ground floor, there is a whole foods store. 

All apartments are fully renovated. During the repair, high-quality materials were used.

Financial performance

The cost of the property is 8,750,000 $.

The absolute annual income is 393,750 $.

The current yield is 4.5%.

Tenants

Retail premises on the ground floor are leased.

Lease agreement is concluded until 2022.

Negotiations are underway to extend the lease until 2027.

Location and nearby objects

The facility is located at the intersection of Soho and Tribeca.

Nearby stores: Steve Madden, Foot Locker, Duane Reade, Top Shop, Kate Spade, Lululemon.

Metro lines N, Q, R, W, 6, A, C, E are located within walking distance.

Also in the immediate vicinity there are restaurants, bars, cafes, pizzeria, art galleries, theater, bank and car parking.

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Soho
+44 20 3608 1267
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