Apartment building, Manhattan, New York, USA

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Apartment building, Manhattan, New York, USA

$8,950,000
$13,685 /m²
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  • Total area
    654 m²
  • Yield
    4.3%
  • Rental rate (m²/month)
    $45.9
Details
Property parameters
  • Leasable area: 654 m²
  • Total apartments: 4
Financial performance
  • Annual income: $357,808
Tenants
  • Occupancy: 20%
  • End of lease: 2028

Apartment building with a commercial premise on the first floor.

Description

Apartment building accommodating four three-bedroom flats and a commercial premise.

Financial performance

The cost of the property is $ 8,950,000.

Absolute annual income is $ 383,000.

The current yield is 4.3%.

Tenants

The tenant of the commercial unit is a beauty salon.

The lease agreement is concluded until 2028.

Location and nearby infrastructure

New York is a city with a population of over 8 million people, which has global significance and is the largest US economic and financial center.

In the East Village, with relocation in the early 60s to the area of artists and musicians, its own subculture began to develop and it acquired the status of a center of counter-culture in Manhattan, became the birthplace of many musical, artistic and literary movements. Until now, the neighbourhood is considered a symbol of the nightlife of New York.

The property is located in a prestigious neighbourhood, near a bus stop and a park and is surrounded by many shops, bars and restaurants.

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