Apartment building with a shop on the ground floor, Tribeca, New York

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Apartment building with a shop on the ground floor, Tribeca, New York

$9,995,000
$16,883 /m²
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  • Total area
    592 m²
  • Yield
    4.2%
Details
Property parameters
  • Total apartments: 3
Financial performance
  • Annual income: $397,622

Apartment building with a shop on the ground floor, Tribeca, New York

Description

Unit mix contains 3 free market apartments and one retail store, all fully occupied.

The building has available unused FAR that is approximately 863 m² allowing for a conversion or expansion.

Financial performance

The cost of the property is $ 9,995,000.

Current yield: 4.2%

Absolute annual income: $ 418,310

Tenants

The retail tenant is a retail store.

Location and nearby infrastructure

The building is located near the Tribeca in New York.

The Tribeca district gained a reputation as one of the most prestigious places in New York, and in 2010 the quarter was named the safest place in New York. Many celebrities own property here.

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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