Retail store, Manhattan, New York

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Retail store, Manhattan, New York

$4,000,000
$6,655 /m²
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  • Total area
    601 m²
  • Yield
    5.1 %
  • Rental rate (m²/month)
    $26
Details
Financial performance
  • Annual income: $195,517
Tenants
  • Fully let
Features
  • Street retail

A street retail in Manhattan.

Description

A street retail in the reconstructed building.

The facade area of the building is over 10 m², the ceiling height is 3.4 meters.

Financial performance

The cost of the property is 4,000,000 $.

The absolute annual income is 204,000 $.

The current yield is 5,1%.

Tenants

The tenant is a brand of exclusive men's clothing, manufactured for individual orders. The company has about 10 showrooms in the USA and 3 production sites in Germany, Italy and Thailand.

The lease provides for an annual indexation of 3%.

Location

The property is located at the corner of the busy streets in the centre of the district Tribeca (Lower Manhattan). The district borders the Financial District, Chinatown, Battery Park City, Hudson Square, Civic Center and Soho.

Industrial-type buildings, which for the most part were built at the beginning of the 20th century, predominate in the architecture of the block. By the 80s Tribeca had become one of the most prestigious and expensive residential areas of the city with popular nightclubs and coffee shops. Today Tribeca is on the top list of areas with the most expensive rental housing. In the quarter live such celebrities as Mariah Carey, Robert De Niro, Keith Winslet and others.

The distance to:

  • John F. Kennedy Airport −35 minutes by taxi (without traffic jams)
  • airport La Guardia — 25 minutes by taxi (without traffic jams)
  • Wall Street/ Financial District −10 minutes by metro
  • Times Square — 18 minutes by metro

  • 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 retail space for sale in the USA.

You can see more retail space for sale in New York City elsewhere on our website.

Statistics in New York City

Price per m², $
13,867
Healthcare efficiency level
65
Index 65 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
56
Index 56 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 13,866.28
Apartment in a bedroom community, m² 6,039.76
Transport Price, $
Public transport, 1 ride 2.65
Monthly travel card 116.42
Taxi, 1 km 1.64
Petrol, 1 l 0.77
Food Price, $
Water, 1.5 l 2.21
Milk, 1 l 1.09
White bread, 500 g 3.76
Eggs, a dozen 3.43
Chicken fillet, 1 kg 12.61
Education Price, $
Kindergarten, per month 2,289.52
International school, per year 36,689.77
Health care index
Staff competence 73.99
Medical equipment 88.27
Research accuracy and completeness 73.48
Attitude towards patients 68.69
Security index
Crime rate 46.42
The risk of being robbed 43.5
The risk of car theft 43.99
The risk of break-in and property damage 50.34

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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