Commercial multitenant building, Manhattan, New York, USA

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Commercial multitenant building, Manhattan, New York, USA

$9,500,000
$6,489 /m²
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  • Total area
    1,464 m²
  • Yield
    5.4%
Details
Property parameters
  • Total premises: 7
Financial performance
  • Annual income: $469,306
Tenants
  • Fully let

7-unit commercial building.

Description

Ownership has maintained building in immaculate condition with recent improvements including a newly refurbished roof and several new water heaters.

Financial performance

Cost of the object: 9,500,000 $.

Absolute annual income: 510,058 $.

Current yield: 5.4%.

Tenants

Tenant mix includes healthcare services, art studio, and food-service catering.

All tenants are billed separately for utilities and pay a pro-rate share of taxes.

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.

Manhattan is the historical core of the city and one of its five boroughs. The area of Manhattan Island is 58.8 km², and the population is 1.619 million people. It is one of the most densely populated districts of the United States.

The property is сentrally located in East Harlem.

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