- 30,592,000 $
- 4.7% yield
- Chelsea Apartment building $8,750,000
- Basic parameters
- Photo
№ 1,766,327
Apartment building 168 m² in Chelsea
$8,750,000
$52,083 /m²
- Apartments 6
- Yield 5.5%
- Constructed 1897
- Price per key —
Key project parameters
- Total area
- 168 m²
- Apartments
- 6
- Floors
- 5
- Constructed
- 1897
Project description
Apartment building of 6 residential units.
Description
The apartment house includes 5 floors + basement.
- Basement: 32.5 m²
- 1st-5th floor: 86.5 m² each
Tenants
- Agreement
- n/a
Apartments on the second, third and fifth floors are rented.
Financial performance
- Yield
- 5.5%
Cost of the facility: 8,750,000 $.
Absolute annual income: 481,200 $.
Current yield: 5,5%.
Location and nearby infrastructure
The property is located in the Lower East Side. This is a historical area of New York with brick houses with old fire escape stairs and narrow streets. The traditional architecture is combined here with modern shops, restaurants and design studios.
Bus stops, metro stations, parks, cafes, a cinema and a sports field are situated not far from the building.
There are some of the city's best attractions, such as the Soho area with art galleries, museums, nightclubs and bars and Nolita nearby.
The area provides a huge selection of cafes and restaurants with cuisine from different countries.
More properties
If this ad doesn't suit you, have a look at the other apartment buildings for sale in Chelsea.
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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