- 30,592,000 $
- 4.7% yield
- Lower East Side Apartment building $13,850,000
- Basic parameters
- Photo
№ 1,716,016
Apartment building 933 m² in Lower East Side
$13,850,000
$14,844 /m²
- Apartments —
- Yield 4.3%
- Constructed —
- Price per key —
Key project parameters
- Total area
- 933 m²
- Floors
- 5
Project description
An apartment building with a commercial premises on the ground floor.
Description
There is a commercial unit on the ground floor, and the upper floors are occupied by nine 2-bedrooms apartments.
The house includes a shared roof deck, a bike storage, and a locker storage.
In 2016 the following repairs were carried out:
- roof replacement
- rear building extension on all floors
- full asbestos removal
Tenants
- Agreement
- n/a
The tenant of a commercial premise is an art gallery.
The lease agreement is valid for 10 years with 3% annual rent increases.
Financial performance
- Yield
- 4.3%
The cost of the property is $ 13,850,000.
Projected annual income is $ 599,705.
The projected yield of 4.3%.
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.
More properties
If this ad doesn't suit you, have a look at the other apartment buildings for sale in Lower East Side.
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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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