Mixed-use building, Manhattan, New York

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Mixed-use building, Manhattan, New York

$13,500,000
$7,389 /m²
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  • Total area
    1,827 m²
  • Yield
    4.5 %
  • Rental rate (m²/month)
    $26.9
Details
Financial performance
  • Annual income: $596,061
Tenants
  • Fully let

A commercial building with a restaurant and street retail in West Village.

Description

A commercial building with a restaurant and street retail.

More than 1.5 million dollars over the past 3 years have been spent on upgrading the infrastructure, facades of the building and commercial units.

Financial performance

The cost of the property is 13,500,000 $.

The absolute annual income is 603,590 $.

The current yield is 4,5%.

Tenants

The building is fully rented by 3 commercial tenants.

The anchor tenant is an international chain of bakery restaurants, represented in more than 15 countries of the world.

Location

The property is located in New York, in the pedestrian zone of the prestigious West Village — the western part of Greenwich Village (Manhattan). Since 1916 the West Village has been nicknamed ”Little Bohemia“. The area has many lofts.

The building is just a few minutes walk from New York University and Washington Square park.

Transport accessibility:

  • La Guardia Airport — 25 minutes by taxi (without traffic jams)
  • John F. Kennedy Airport — 35 minutes by taxi (without traffic jams)
  • Times Square — 15 minutes by subway
  • Wall Street — 16 minutes by subway

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in the USA.

You can see more mixed-use buildings for sale in New York City elsewhere on our website.

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