№ 1,797,568
Mixed-use complex in Manhattan, New York, USA
$5,500,000
$6,485 /m²
  • Total area 848 m²
  • Yield 5.6%
  • Lease term
  • Constructed
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Anastasia Morozova
Anastasia Morozova
Investment consultant in Lower East Side
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    Key project parameters

    Total area
    848 m²

    Project description

    A residential and commercial complex in Manhattan.

    Description

    The complex consists of 2 buildings and a courtyard, which can be used as a common outdoor space.

    The housing stock consists of 18 apartments (15 of them are rent-stabilized).

    The property includes:

    • facade building (8 apartments)
    • rear building (10 studio apartments)
    • commercial unit (vacant)

    Gas and electric systems have been recently updated.

    Tenants

    Agreement
    n/a

    Financial performance

    Yield
    5.6%

    The cost of the property is 5,500,000 $.

    The projected absolute annual income is 308,624 $.

    The projected yield is 5,6%.

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    Location and nearby infrastructure

    The building is located on the Lower East Side (Manhattan). There is the Columbus Park and a transport interchange nearby.

    Lower East Side — a historic district of New York with old brick houses and narrow streets. Traditional architecture is combined with modern shops, restaurants and design studios.

    In the 2000s the area experienced rapid gentrification.

    Currently, the area has a huge selection of luxury boutiques, cafes and restaurants with cuisines from different countries.

    There are some of the city’s best attractions, such as the SoHo district with art galleries, museums, nightclubs, bars, and the Nolita area (“North Little Italy”) nearby.

    Travel time to:

    • John F. Kennedy Airport — 30 minutes by taxi (without traffic jams)
    • La Guardia airport — 20 minutes by taxi (without traffic jams)
    • Times Square — 19 minutes by subway
    • Wall Street/ Financial District — 15 minutes by subway
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    annual yield
    From 10%
    exit period
    3 years
    Request more details

    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

    Not sure where to start? Book a consultation
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      Anna Vorobyeva
      Anna Vorobyeva,
      Head of Commercial Property Department
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      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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        Anna Vorobyeva,
        Head of Commercial Property Department
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