Apartment building, Harlem, New York

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Apartment building, Harlem, New York

$3,000,000
$1,872 /m²
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  • Total area
    1,602 m²
  • Yield
    5.3%
Details
Property parameters
  • Land area: 460 m²
  • 4-floor building
Financial performance
  • Annual income: $146,375
Tenants
  • Occupancy: 90%

An apartment building with commercial premises on the ground floor in Harlem.

Description

A 4-storey building with commercial premises.

The object includes:

  • 6 apartments
  • 3 business units
  • parking

Financial performance

The cost of the property is 3,000,000 $.

The absolute annual income is 158,436 $.

The current yield is 5,3%.

Tenants

The apartments are fully rented.

The tenants of commercial premises:

  • therapist's office
  • hairdresser's
  • free unit

Location and nearby infrastructure

The property is located in Harlem — an area in the northern part of Manhattan.

Unlike Mid-Manhattan with its skyscrapers, there are mostly 3–6-storey houses in Harlem. Like in many places in New York, the prevailing architectural style here resembles the Dutch, English and other European traditions. As the main historical sanctuary of African American culture, Harlem was and remains the home of the most famous artists, singers and poets of the 20th and 21st centuries.

The building is located along one of the most popular shopping streets of Upper Manhattan.

The distance to:

  • metro station — 1.4 miles
  • LaGuardia Airport — 20 minutes by taxi (without traffic jams)
  • John F. Kennedy Airport — 30 minutes by taxi (without traffic jams)
  • Times Square — 21 minutes by metro
  • Wall Street — 37 minutes by metro

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If this ad doesn't suit you, have a look at the other shopping centers for sale in Manhattan.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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