Apartment building with a store on the ground floor, Brooklyn, New York
Description
The building is completely renovated and consists of 6 apartments and a commercial space on the first floor.
The asset benefits from being in the protected tax class 2B category, limiting tax increases to no more than 8% annually or 30% every 5 years.
Electricity and utility payments are paid by tenants.
The cost of the property is $ 5,995,000.
Current yield: 5,31%
Absolute annual income: $ 318,425
The building is located in the Brooklyn district of New York. Located on a major retail and dining corridor, the property is ideally located with high visibility and just within a short walk of the D, N, R, F, G, W subway lines.
Brooklyn is the second most popular neighborhood in New York after Manhattan, with a population of 2.5 million.
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.