A street retail in Manhattan.
Description
A street retail in the reconstructed building.
The facade area of the building is over 10 m², the ceiling height is 3.4 meters.
The cost of the property is 4,000,000 $.
The absolute annual income is 204,000 $.
The current yield is 5,1%.
The tenant is a brand of exclusive men's clothing, manufactured for individual orders. The company has about 10 showrooms in the USA and 3 production sites in Germany, Italy and Thailand.
The lease provides for an annual indexation of 3%.
The property is located at the corner of the busy streets in the centre of the district Tribeca (Lower Manhattan). The district borders the Financial District, Chinatown, Battery Park City, Hudson Square, Civic Center and Soho.
Industrial-type buildings, which for the most part were built at the beginning of the 20th century, predominate in the architecture of the block. By the 80s Tribeca had become one of the most prestigious and expensive residential areas of the city with popular nightclubs and coffee shops. Today Tribeca is on the top list of areas with the most expensive rental housing. In the quarter live such celebrities as Mariah Carey, Robert De Niro, Keith Winslet and others.
The distance to:
- John F. Kennedy Airport −35 minutes by taxi (without traffic jams)
- airport La Guardia — 25 minutes by taxi (without traffic jams)
- Wall Street/ Financial District −10 minutes by metro
- Times Square — 18 minutes by metro
