- Brooklyn Mixed-use building $5,485,000
- Basic parameters
- Photo
№ 1,777,611
Floor of the building with commercial premises, Brooklyn, New York, USA
$5,485,000
$1,832 /m²
- Total area 2,993 m²
- Yield 7.0%
- Lease term —
- Constructed 2002
Key project parameters
- Total area
- 2,993 m²
- Number of parking lots
- 6
- Constructed
- 2002
Project description
A floor with commercial premises in a mixed-use building in Brooklyn.
Description
Asset Type: Community Facility Condo.
The building is leased for medical facilities and office premises at both the upper and lower levels.
Tenants
- Agreement
- n/a
The building is fully rented by several tenants.
Type of lease: NNN Lease (in addition to the base lease, the tenant is responsible for paying some or all of the costs associated with real estate — property taxes, insurance and maintenance).
Financial performance
- Yield
- 7.0%
The cost of the property is 5,485,000 $.
The absolute annual income is 383,940 $.
The current yield is 7,0%.
Location and nearby infrastructure
The property is located in Brooklyn (the western part of Long Island). Brooklyn is the most populated borough of New York — more than 2.6 million inhabitants.
3 bridges connect Brooklyn with Manhattan, and 1 — with the Staten Island area. Brooklyn is served by a number of routes of the New York underground. The area has 56 bus lines, including express routes linking Brooklyn and Manhattan. There is a suburban train station in Brooklyn, from where the electric trains go to the suburban part of Long Island.
The property is within a walking distance from F and G metro lines, Prospect Expressway and Ocean Parkway are also easily accessible.
Transport accessibility:
- La Guardia Airport — 30 minutes by taxi (without traffic jams)
- John F. Kennedy Airport — 25 minutes by taxi (without traffic jams)
- Wall Street/ Financial District — 33 minutes by metro
- Times Square — 40 minutes by metro
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- annual yield
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- exit period
- 3 years
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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