- Brooklyn Office building $27,000,000
- Basic parameters
- Photo
№ 1,737,274
Office building, Brooklyn, New York, USA
$27,000,000
$13,831 /m²
- Total area 1,952 m²
- Yield 4.5%
- Cost in euros per m2 11,852 €
- Constructed —
Key project parameters
- Total area
- 1,952 m²
- Floors
- 2
Project description
Two-storey office building with the long-term lease agreements.
Description
The total area of the property is 1,952 m².
Extra information
Garden
Tenants
- Agreement
- Yes
- End of lease
- 2032
Tenants are a network of fitness centers and a retail company for the production and sale of building materials, including paints.
The lease agreement with the fitness center is valid until 2032 and with the retail company — until 2028.
Financial performance
- Yield
- 4.5%
The cost of the property is 27,000,000 $.
The absolute annual income is 1,213,896 $.
The current yield is 4.5%.
Location and nearby infrastructure
The office building is located in the Park Slope area in the west of Brooklyn, just in ashort walk from the Barclay's Center.
There are many historical buildings, Prospect Park, Brooklyn Music Academy, Brooklyn Botanical Garden, Brooklyn Museum, Brooklyn Conservatory, as well as the Brooklyn Public Library in this area.
There are such retail chains as Home Depot, Lowe's, Whole Foods, Starbucks, Shake Shack, Chase, Citibank and others nearby.
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Commercial Real Estate Expert
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