Apartment building, Long Island, New York, USA

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Apartment building, Long Island, New York, USA

$1,375,000
$1,293 /m²
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  • Total area
    1,063 m²
  • Yield
    6.8%
Details
Property parameters
  • Land area: 1,619 m²
  • Total apartments: 3
  • Number of parking lots: 12
  • 2-floor building
Financial performance
  • Annual income: $94,459
Features
  • Street retail

Freestanding two-storey house with commercial and residential premises.

Description

Total area of the property is 1,063 m²

Building comprised of 3 apartments, shop and storage premise.

The length of building is 48 m²

The purchase price of the property includes 12 parking lots.

Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.

Financial performance

Absolute annual income is 93,087 $.

The current yield of 6.8%.

Location and nearby infrastructure

Building situated in one of the cities of Long Island with population of about 20 thousand people. There are shopping center, a plenty of single-family homes and raiway station located in close proximity from the property.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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