Five-storey residential house with retail premises.
Description
Total area of the building is 680 m²
Retail premises are situated on the ground and lower level of the building. Occupied area is 234 m². Retail premises are vacant.
Upper floors of the building include three apartments. All apartments are leased at below market rents with summer expirations. It allows to sign new lease agreements with a higher rental value.
Financial performance
Absolute annual income is 456,450 $.
The current yield of 5.1%.
Location and nearby infrastructure
The apartment is situated in Manhattan, in prestigious area of East Village. This area is popular among creative people and celebrities.
