Apartment building, New York, USA

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Apartment building, New York, USA

$3,152 /m²
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  • Total area
    4,702 m²
  • Yield
Property parameters
  • Land area: 1,524 m²
  • 5-floor building
Financial performance
  • Annual income: $678,991
  • Fully let
  • End of lease: 2028

An apartment building with street retail.


A new 5-story building with an elevator and security cameras.

The property includes:

  • 8 one-bedroom apartments (6 with terraces)
  • 1 street retail store


  • fully leased property with a cumulative annual income of $ 744,247
  • turnkey investment with immediate cash flow in one of the fastest growing communities in New York City

Financial performance

The cost of the property is 13,900,000 $.

The absolute annual income is 744,247 $.

The current yield is 4,6%.


The property is fully rented.

The lease agreement of the commercial space is valid for 10 years + the option of extending 2х5.

Location and nearby infrastructure

The property is located in Queens (Long Island). The borough is the largest on the territory (280 km²) and the 2nd on the population (about 2.4 million) in New York.

The district is traditionally considered one of the ”suburban“. There are several business districts in borough, such as Long Island City on the coastline of Queens opposite Manhattan. Here are the offices of Sino-American and Korean-American firms. Several large companies have their offices in Queens: the watch corporation Bulova, the corporation for the production of musical instruments ”Steinway & Sons“, JetBlue Airways — the airline, based at the Kennedy International Airport.

Transport accessibility:

  • La Guardia Airport — 16 minutes by taxi (without traffic jams)
  • John F. Kennedy Airport — 19 minutes by taxi (without traffic jams)
  • Wall Street/ Financial District — 43 minutes by taxi (without traffic jams)
  • Times Square — 40 minutes by taxi (without traffic jams)

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    Marina Filichkina
    Marina Filichkina,
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