Mixed-Use building, Manhattan, New York City, State of New York, USA

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Mixed-Use building, Manhattan, New York City, State of New York, USA

40,000,000 $
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Total area: 7,736 m² Yield: 1.5%
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  • Operating Incomе: 593,140 €
  • Land area: 2,080 m²
  • 4-floor building
  • Occupancy: 25%
  • End of lease: 2026

Mixed-use building in Manhattan.


The property can be used for commercial, community facility, business premises and residential apartments.

The first, second and third floors of the building are not currently rented.

The façade of the building of about 20 m², faces the main pedestrian corridor between Union Square and Washington Square Park.

The annual rent will grow from the current $ 690,000 to almost $ 1.2 million in January 2020.

There is a possibility of reconstruction of the building with an increase of 17,000 m².

Financial performance

The cost of the facility is 40,000,000 $.

The absolute annual income is 690,000 $.

The current yield of 1,5%.

The contract provides indexation of rent.

By January 2020 the absolute annual income will be 1,200,000 $, and the yield — 3.5%.


Currently, the only tenant of the building is a family company, which specializes in selling Italian products of high quality. The business was founded in 1993 in the Upper East Side, the second enterprise was opened in Greenwich Village in 2012.

The lease agreement is valid until 2026.


The property is located in the famous Manhattan area — Greenwich Village (in the west of Lower Manhattan, 2nd district), with convenient access to the Union Square transport hub (4th busy metro station in New York).

Greenwich Village is a quarter attracting tourists. There are homes of many celebrities, such as Julianne Moore, Liv Tyler, Uma Thurman here.

In the center of the district is situated the famous park on Washington Square, around which the academic buildings of New York University are concentrated.

Among the attractions of the quarter there are The Stonewall Inn, where the gay rights struggle began in 1969, Washington Square Park, many non-Broadway theaters, jazz clubs, comedy clubs, the Greenwich Village Orchestra.

Statistics in New York City

Price per m², $
Healthcare efficiency level
Index 64 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
Index 58 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 13,970.7
Apartment in a bedroom community, m² 6,258.16
Transport Price, $
Public transport, 1 ride 2.73
Monthly travel card 120.12
Taxi, 1 km 1.66
Petrol, 1 l 0.8
Food Price, $
Water, 1.5 l 2.39
Milk, 1 l 1.15
White bread, 500 g 3.77
Eggs, a dozen 3.52
Chicken fillet, 1 kg 12.96
Education Price, $
Kindergarten, per month 2,394.91
International school, per year 38,010.05
Health care index
Staff competence 72.85
Medical equipment 87.77
Research accuracy and completeness 72.31
Attitude towards patients 67.27
Security index
Crime rate 44.83
The risk of being robbed 42.28
The risk of car theft 43.17
The risk of break-in and property damage 48.81

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
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