Apartment building, Brooklyn, New York, USA

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Apartment building, Brooklyn, New York, USA

$3,524,000
$4,190 /m²
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  • Total area
    841 m²
  • Yield
    6.4%
Details
Property parameters
  • Land area: 582 m²
  • Total apartments: 2
  • 3-floor building
Financial performance
  • Annual income: $226,720
Tenants
  • Occupancy: 99%

An apartment building with a street retail store.

Description

The three-story building includes:

  • 1 retail store (with a cellar)
  • 2 apartments

After the redevelopment, both apartments will consist of 2 bedrooms and 2 two bathrooms, a home office and a private open space.

Financial performance

The cost of the facility is 3,750,000 $.

The absolute annual income is 240,749 $.

The current yield of 6,4%.

Location and nearby infrastructure

The property is located in the busiest and most attractive area in the north of Brooklyn — Williamsburg. The population of the quarter is more than 120,000 inhabitants, and the average population density is about 1.7 times higher than the average population density in Brooklyn.

The property is located in a block with intensive pedestrian traffic due to the nearby large shops, supermarkets, pharmacies and banks such as Supreme, Whole Foods, Citibank, Duane Reade, Apple, J Crew, Urban Outfitters and many others.

Williamsburg is served by 5 routes of the New York subway and 8 bus routes.

The airport of La Guardia is in 20 minutes by taxi, John F. Kennedy airport — in 35 minutes by taxi (without traffic jams), Times Square — about 25 minutes by metro, Wall Street — about 20 minutes by metro.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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