Apartment building, Manhattan, New York, USA

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Apartment building, Manhattan, New York, USA

12,742,000 $
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Total area: 4,607 m² Yield: 5.3%
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Features
  • Operating Incomе: 603,003 €
  • Land area: 1,147 m²
  • 6-floor building
  • Occupancy: 100%
  • Total apartments: 22

An apartment building with restaurant on the ground floor.

Description

A six-story boutique building with a recent renovation in the lobby, common areas and apartments.

The object includes:

  • 1 retail store
  • 12 one-bedroom apartments
  • 10 three-room apartments

Inner space:

  • living room
  • game room
  • bicycle storage room
  • canteen
  • Wi-Fi

Financial performance

The cost of the facility is 12,950,000 $.

The absolute annual income is 686,350 $.

The current yield of 5,3%.

Tenants

The tenant of the retail space on the ground floor is the popular in the area restaurant.

The lease agreement is valid until November 2023.

Location

The property is located in the southeastern part of Manhattan — Lower East Side. The region was traditionally immigrant, but in the 2000s it experienced rapid gentrification (an increase in the average income level of the population due to the replacement of low-income residents by the more affluent ones). Currently, there are many elite boutiques and restaurants.

There are food shops, a farmer's market, restaurants and cafes, pharmacies, a post office, a secondary school, a park, a children's playground, an art gallery, Vostok Broadway metro station in a walking distance.

La Guardia airport is in 20 minutes by taxi, John F. Kennedy airport — in 30 minutes by taxi (without traffic jams), to Times Square — 19 minutes by metro, to Wall Street — 15 minutes by metro.

Statistics in New York City

Price per m², $
13,727
Healthcare efficiency level
65
Index 65 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
57
Index 57 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 13,727.05
Apartment in a bedroom community, m² 6,067.15
Transport Price, $
Public transport, 1 ride 2.74
Monthly travel card 120.69
Taxi, 1 km 1.78
Petrol, 1 l 0.81
Food Price, $
Water, 1.5 l 2.4
Milk, 1 l 1.16
White bread, 500 g 3.83
Eggs, a dozen 3.61
Chicken fillet, 1 kg 13.03
Education Price, $
Kindergarten, per month 2,385.98
International school, per year 38,424.35
Health care index
Staff competence 73.71
Medical equipment 88.28
Research accuracy and completeness 73.2
Attitude towards patients 68.07
Security index
Crime rate 45.85
The risk of being robbed 43.16
The risk of car theft 43.64
The risk of break-in and property damage 49.91

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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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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