- New York City Shop $802,000
- Basic parameters
- Photo
№ 1,861,374
Store, New York state, USA
$802,000
$5,012 /m²
- Total area 160 m²
- Yield 6.0%
- Lease term 2024
- Constructed 1991
Key project parameters
- Total area
- 160 m²
- Number of parking lots
- 10
- Floors
- 1
- Constructed
- 1991
Project description
Store in the Amityville area.
Description
Detached one-story brick building on a busy city street.
There is parking for 10 cars, a restaurant without a license.
Deal type: Ground Lease.
Tenants
- Agreement
- Yes
- End of lease
- 2024
The lease agreement is valid for 4 years.
Financial performance
- Yield
- 6.0%
Location and nearby infrastructure
The property is located in a city with a population of about 9 thousand people (Suffolk County, New York). The city belongs to the suburbs of New York.
The property is located in a residential area of the city, close to the highway.
The distance to New York (Manhattan) is about 50 km.
New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.
New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.
In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.
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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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