Apartment building with a shop on the ground floor, Tribeca, New York
Description
Unit mix contains 3 free market apartments and one retail store, all fully occupied.
The building has available unused FAR that is approximately 863 m² allowing for a conversion or expansion.
The cost of the property is $ 9,995,000.
Current yield: 4.2%
Absolute annual income: $ 418,310
The retail tenant is a retail store.
The building is located near the Tribeca in New York.
The Tribeca district gained a reputation as one of the most prestigious places in New York, and in 2010 the quarter was named the safest place in New York. Many celebrities own property here.
New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.
As a financial center, New York is a city with the most liquid stock markets in the world. This is facilitated by high investor confidence, which is manifested in large volumes of foreign direct investment (FDI).
New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.
In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.
