- Manhattan Restaurant $5,175,000
- Basic parameters
- Photo
№ 1,713,913
Two restaurants, Manhattan, New York, USA
$5,175,000
$11,788 /m²
- Total area 439 m²
- Yield 4.4%
- Lease term 2027
- Constructed —
Key project parameters
- Total area
- 439 m²
- Floor
- 1
Project description
Two restaurants with a long lease on the ground floor of a building in Lower Manhattan.
Description
The property consists of two premises on the ground floor of a corner residential building.
The wraparound frontage is 30 m.
Extra information
Garden
Tenants
- Agreement
- Yes
- End of lease
- 2027
The tenant of the first unit is an Italian restaurant and lounge.
The lease agreement is valid through August 2027.
The tenant of the second unit is a sushi-restaurant.
The lease agreement is valid through March 2025 and includes extension options for 1x5 years.
Both tenants reimburse taxes over their respective base years and are responsible for all other expenses including insurance, utilities and maintenance.
Financial performance
- Yield
- 4.4%
The cost of the property is $ 5,175,000.
Absolute annual income is $ 228,217.
The current yield of 4.4%.
Location and nearby infrastructure
The property is located in the East Village area, which is home to many musical, artistic and literary movements. The public transport stops, shops, cafes and restaurants are situated in a walking distance from the property. The Tompkins Square Park, the Botanical Garden and the Farmer's Market are located nearby.
More properties
If this ad doesn't suit you, have a look at the other restaurants for sale in Manhattan.
All ads in the country: restaurants for sale in the USA.
Diversify your portfolio - invest from $1 million in the construction of residential complexes in Dubai
- 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
Top 3 commercial properties of December
Apartment building with a yield of 7.9% in a prestigious area of Porto, Portugal
- 3,467,000 $
- 8.0% yield
Supermarket with a tenant in the historical center of Barcelona, Spain
- 2,395,000 $
- 5.0% yield
Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
If you have any questions about finding or buying a property, please do not hesitate to contact us via WhatsApp
We will respond during office hours.
After communicating with us, you will be better equipped to continue your search on your own or to use our services.
Similar listings
We select ads that may interest you.