An apartment building with commercial premises in New York.
Description
5-storey brownstone with a restaurant and an office.
The property includes:
- restaurant (ground floor and basement)
- commercial office space (ceiling height — 4.3 m)
- 6 apartments
The building is recently renovated (new heating boiler and electrics).
Benefits
The possibility to use and/ or sell a free area (2,190 m²), receiving an additional income.
The cost of the property is 11,500,000 $.
The absolute annual income is 527,859 $.
The current yield is 4,6%.
The lease agreement with the restaurant is valid until 2027.
The property is located in Union Square — one of the main squares of Manhattan, which connects 2 main highways of New York (Bowery and Broadway). There are the neighborhoods of Greenwich Village, Chelsea, Flatiron and Gramercy around. Union Square is surrounded by a large number of shops, banks and shopping centers.
Since the XIX century the square is known as a place of political demonstrations and protests. It has a fresh vegetable market for 4 days a week. Metro lines 4,5,6, N, Q, R are a few steps away.
Transport accessibility:
- La Guardia Airport — 20 minutes by taxi (without traffic jams)
- John F. Kennedy Airport — 30 minutes by taxi (without traffic jams)
- Times Square — 11 minutes by subway
- Wall Street — 15 minutes by subway
