A commercial building with street retail in Manhattan.
Description
A commercial building with boutiques.
Financial performance
The cost of the property is 24,500,000 $.
The absolute annual income is 1,128,150 $.
The current yield is 4,6%.
Tenants
The building is fully rented by 3 commercial tenants.
The terms of the lease agreements expire in the period from 2025 to 2034.
Location and nearby infrastructure
The property is located in New York, in the Upper West Side of Manhattan.
Upper West Side — a prestigious quarter with old brownbricks and high real estate prices.
The building is located next to one of the busiest shopping corridors of Manhattan and the highways connecting Lower and Upper Manhattan. There is Central park nearby.
Transport accessibility:
- La Guardia Airport — 25 minutes by taxi (without traffic jams)
- John F. Kennedy Airport — 45 minutes by taxi (without traffic jams)
- Wall Street/ Financial District — 20 minutes by subway
- Times Square — 10 minutes by subway
