- Soho (USA) Apartment building $8,750,000
- Basic parameters
- Photo
№ 1,754,984
Apartment building, Soho, Manhattan, New York, USA
$8,750,000
$16,730 /m²
- Apartments —
- Yield 4.5%
- Constructed —
- Price per key —
Key project parameters
- Total area
- 523 m²
- Floors
- 5
Project description
Apartment building with commercial premises on the ground floor.
Description
On the ground floor, there is a whole foods store.
All apartments are fully renovated. During the repair, high-quality materials were used.
Tenants
- Agreement
- n/a
Retail premises on the ground floor are leased.
Lease agreement is concluded until 2022.
Negotiations are underway to extend the lease until 2027.
Financial performance
- Yield
- 4.5%
The cost of the property is 8,750,000 $.
The absolute annual income is 393,750 $.
The current yield is 4.5%.
Location and nearby infrastructure
The facility is located at the intersection of Soho and Tribeca.
Nearby stores: Steve Madden, Foot Locker, Duane Reade, Top Shop, Kate Spade, Lululemon.
Metro lines N, Q, R, W, 6, A, C, E are located within walking distance.
Also in the immediate vicinity there are restaurants, bars, cafes, pizzeria, art galleries, theater, bank and car parking.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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