40 room-hotel with a business plan for renovation and rental, Rome, Italy
- 7,835,000 $
- 7.0% yield
- Midtown Manhattan Restaurant $4,000,000
- Basic parameters
- Photo
№ 1,796,820
Restaurant in Midtown Manhattan, New York, USA
$4,000,000
$43,010 /m²
- Total area 93 m²
- Yield 5.7%
- Lease term 2027
- Constructed —
Key project parameters
- Total area
- 93 m²
Project description
A restaurant with a long-term lease agreement in Midntown Manhattan.
Description
A restaurant on the ground floor.
The restaurant area is 1000 square feet.
The length of the street facade is 15 feet (4.6 m).
Tenants
- Agreement
- Yes
- End of lease
- 2027
The tenant is an Indian restaurant.
The lease agreement is valid until 2027 (with indexation).
Financial performance
- Yield
- 5.7%
The cost of the property is 4,000,000 $.
The absolute annual income is 228,100 $.
The current yield of 5,7%.
Location and nearby infrastructure
The property is located in the prestigious area of Midtown West. There are many attractions nearby: Gershwin Theater, the Museum of Modern Art, The Capital Grille restaurant, Duane Reade pharmacy, Chase Bank and others.
Midtown Manhattan is the largest business district in the world.
Most of the city’s iconic buildings are concentrated here, including the Empire State Building, Chrysler Building, United Nations Headquarters, Grand Central Terminal, Rockefeller Center, and Broadway and Times Square.
Travel time to:
- John F. Kennedy Airport — 30 minutes by taxi (without traffic jams)
- La Guardia airport — 20 minutes by taxi (without traffic jams)
- Wall Street/ Financial District — 22 minutes by subway
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- annual yield
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- exit period
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