A floor with commercial premises in a mixed-use building in Brooklyn.
Asset Type: Community Facility Condo.
The building is leased for medical facilities and office premises at both the upper and lower levels.
The cost of the property is 5,485,000 $.
The absolute annual income is 383,940 $.
The current yield is 7,0%.
The building is fully rented by several tenants.
Type of lease: NNN Lease (in addition to the base lease, the tenant is responsible for paying some or all of the costs associated with real estate — property taxes, insurance and maintenance).
The property is located in Brooklyn (the western part of Long Island). Brooklyn is the most populated borough of New York — more than 2.6 million inhabitants.
3 bridges connect Brooklyn with Manhattan, and 1 — with the Staten Island area. Brooklyn is served by a number of routes of the New York underground. The area has 56 bus lines, including express routes linking Brooklyn and Manhattan. There is a suburban train station in Brooklyn, from where the electric trains go to the suburban part of Long Island.
The property is within a walking distance from F and G metro lines, Prospect Expressway and Ocean Parkway are also easily accessible.
- La Guardia Airport — 30 minutes by taxi (without traffic jams)
- John F. Kennedy Airport — 25 minutes by taxi (without traffic jams)
- Wall Street/ Financial District — 33 minutes by metro
- Times Square — 40 minutes by metro