Restaurant, Manhattan, New York, USA

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Restaurant, Manhattan, New York, USA

$4,650,000
$22,794 /m²
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  • Total area
    204 m²
  • Yield
    4.1%
Details
Property parameters
  • 1 floor
Financial performance
  • Annual income: $192,415
Tenants
  • Fully let
  • End of lease: 2020
Features
  • Street retail

Commercial unit on the ground floor of the building.

Description

Total area of the property is 204 m²

Restaurant situated on the ground floor of residential white glove service condominium.

Financial performance

Absolute annual income is 189,085 $.

The current yield of 4.1%.

Tenants

The tenant is a prestigious restaurant.

The lease agreement is valid through August 2020.

Lease agreement type: Triple Net Lease. The tenant covers all expenses related to the taxes, insurance and maintenance of the property.

Location and nearby infrastructure

The restaurant located in the business and shopping area of Midtown East, within few blocks away from the Grand Central Station.

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