Three medical office condominium units in a newly built residential condominium.
All units are renovated.
Purchaser can combine all three units into a larger office duplex or keep it as-is.
Cost of the object: 1,350,000 $
Absolute annual income: 62,269 $
Current yield: 4.6%.
- The objects are rented by solid tenants paying below market rates allowing an investor to capitalize on the value-add upside
- 421-A tax abatement in place until 2025
- Current tenants have leases that expire 2023
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.
Brooklyn is one of the most populous boroughs of New York, located in the western part of Long Island. It is connected to Manhattan by three bridges: Manhattan Bridge, Williamsburg Bridge and Brooklyn Bridge, which is one of the oldest in America.
The property is located in one of the fastest growing neighbourhoods of the borough, near a bus stop, a metro station and a park, and is surrounded by many shops, bars and restaurants.