- Lower East Side Shop $9,900,000
- Basic parameters
- Photo
№ 1,752,658
Commercial units, Manhattan, New York, USA
$9,900,000
$16,390 /m²
- Total area 604 m²
- Yield 4.3%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 604 m²
- Floors
- 3
Project description
Commercial premises with duplex on the lower floors of the apartment building.
Description
The total area of the is 604 m².
The property includes rooms on the ground, the first, and the second floors, as well as a basement.
Tenants
- Agreement
- n/a
Tenants of commercial premises are a hairdresser and a real estate company.
The basement and the ground floor unit is vacant.
Financial performance
- Yield
- 4.3%
The cost of the property is 9,900,000 $.
The absolute annual income is 425,443 $.
The current yield is 4.3%.
Location and nearby infrastructure
The property is located in the Lower East Side.
There are some of the city's best attractions, such as the Soho area with art galleries, museums, nightclubs and bars and Nolita nearby.
The area provides a huge selection of cafes and restaurants with cuisine from different countries.
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- 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
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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