- New York City Shop $24,500,000
- Basic parameters
- Photo
№ 1,781,953
Retail stores, Manhattan, New York
$24,500,000
$4,196 /m²
- Total area 5,838 m²
- Yield 4.6%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 5,838 m²
Project description
A commercial building with street retail in Manhattan.
Description
A commercial building with boutiques.
Tenants
- Agreement
- n/a
The building is fully rented by 3 commercial tenants.
The terms of the lease agreements expire in the period from 2025 to 2034.
Financial performance
- Yield
- 4.6%
The cost of the property is 24,500,000 $.
The absolute annual income is 1,128,150 $.
The current yield is 4,6%.
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
More properties
If this property wasn’t for you, take a look at other retail space for sale in New York City.
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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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