Apartment building with a restaurant on the ground floor in the East Village, New York, USA

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Apartment building with a restaurant on the ground floor in the East Village, New York, USA

$14,500,000
$13,098 /m²
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  • Total area
    1,107 m²
  • Yield
    4.6%
Details
Property parameters
  • Total apartments: 10
  • 6-floor building
Financial performance
  • Annual income: $636,775

Apartment building with a restaurant on the ground floor in the East Village, New York, USA

Description

The building consists of 10 residential apartments and one commercial area. Currently, 8 of the 10 apartments are free market and 2 are rent stabilized

Financial performance

The cost of the property is $ 14,500,000.

Absolute annual income $ 669,906

Current yield 4,6%

Tenants

The tenant of the commercial premises is a restaurant.

Lease agreement expires in 2030.

Location and nearby infrastructure

The building is located near the East Village in New York.

East Village is attractive for artists, musicians, artists, writers. The area is flooded with immigrants from around the world. There are many national shops, restaurants, caffeine, reflecting the ethnic characteristics of the area. East Village can be described as a bohemian district, known for its vibrant nightlife and artistic perception.

New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.

As a financial center, New York is a city with the most liquid stock markets in the world. This is facilitated by high investor confidence, which is manifested in large volumes of foreign direct investment (FDI).

New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.

In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.

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    Marina Filichkina,
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