Bank, Staten Island, New York, USA

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Bank, Staten Island, New York, USA

$4,648,000
$14,390 /m²
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  • Total area
    323 m²
  • Yield
    5.25%
  • Built in 
    2014
Details
Property parameters
  • Land area: 2,711 m²
  • Number of parking lots: 16
  • 1-floor building
Financial performance
  • Annual income: $224,569
Tenants
  • Fully let

Freestanding bank building.

Description

Lot Dimensions: 100x125 m

Financial performance

The cost of the facility is 4,647,619 $.

The absolute annual income is 244,000 $.

The current yield of 5,25%.

Tenants

Fully let.

A tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are turned over to the property owner (Ground lease agreement).

About tenant:

  • American financial conglomerate, which provides a wide range of financial services to individuals and legal entities
  • the largest banking holding company in the United States by the number of assets
  • operates in 50 states, as well as in 35 other countries
  • 4,700 branches, more than 200 thousand employees and 16,000 ATMs

Location and nearby infrastructure

Hard corner location — the best visibility and the best access for customers, benefits from proximity with other tenants.

There are restaurants, a bakery, a bank, a gas station, a grocery market and a railway station in the immediate vicinity.

Staten Islandis the southernmost and westernmost of the five boroughs of New York City with a population of more than 450 thousand people, the third-largest in land area.

Motor traffic can reach the borough from Brooklyn via the Verrazano-Narrows Bridge and from New Jersey via the Outerbridge Crossing, Goethals Bridge, and Bayonne Bridge. The free Staten Island Ferry connects the borough to Manhattan and is a popular tourist attraction, providing views of the Statue of Liberty, Ellis Island, and Lower Manhattan.

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