- 30,592,000 $
- 4.7% yield
- Manhattan Apartment building $9,500,000
- Basic parameters
- Photo
№ 1,716,012
Apartment building 710 m² in Manhattan
$9,500,000
$13,380 /m²
- Apartments —
- Yield 4.1%
- Constructed —
- Price per key —
Key project parameters
- Total area
- 710 m²
Project description
Apartment building with retail units on the ground floor.
Description
The house consists 16 studio apartments and 2 commercial premises, one of them is currently vacant.
All apartments have new hardwood floors, stainless steel appliances and marble baths.
There is a possibility to expand retail spaces on the ground floor.
Tenants
- Agreement
- n/a
The tenant of the first retail space is a laundromat.
Financial performance
- Yield
- 4.1%
The cost of the property is $ 9,500,000.
Absolute annual income is $ 387,157.
The current yield of 4.1%.
Location and nearby infrastructure
The house is located in the center of the East Village. This area is the birthplace of many trends in literature, art and music. There are many galleries, bars, nightclubs and bookstores here.
Public transport stops, metro stations, a park, cafes and restaurants are situated not far from the building.
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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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