- 30,592,000 $
- 4.7% yield
- Upper East Side Shop $8,000,000
- Basic parameters
- Photo
№ 1,718,605
Shop 584 m² in Upper East Side
$8,000,000
$13,698 /m²
- Total area 584 m²
- Yield 4.6%
- Lease term 2027
- Constructed —
Key project parameters
- Total area
- 584 m²
Project description
Commercial areas on the ground floor of a residential building.
Description
The property includes 3 rooms. One of them (227 mm²) is located in a below-grade space and consists of 57 storage cells, which are leased to the residents of the building.
Tenants
- Agreement
- Yes
- End of lease
- 2027
The tenants are a children's playroom and a dry cleaning.
Both tenants have signed new lease contracts until 2027, which include extension options.
Financial performance
- Yield
- 4.6%
The cost of the property is $ 8,000,000.
Absolute annual income is $ 369,421.
The current yield of 4.6%.
Location and nearby infrastructure
The property is located in one of the most prestigious and expensive areas of New York — the Upper East Side. Public transport stops, a metro station, a park, shops and restaurants are situated in a walking distance from the building.
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
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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