- 30,592,000 $
- 4.7% yield
- Upper East Side Shop $7,200,000
- Basic parameters
- Photo
№ 1,743,933
Shop 585 m² in Upper East Side
$7,200,000
$12,307 /m²
- Total area 585 m²
- Yield 5.1%
- Lease term —
- Constructed —
Key project parameters
- Total area
- 585 m²
- Floor
- 1
Project description
Commercial units on the ground floor of the building.
Description
The total area of the property is 582 m².
The property consists of three commercial facilities in an elite high-rise residential building.
Tenants
- Agreement
- n/a
Tenants are a playground for children, a dry cleaner and a company that supplies lockers for storing things to the residents of the building.
The leasе agreements are valid for 10 years and contain options for extension.
Financial performance
- Yield
- 5.1%
The cost of the property is 7,200,000 $.
The absolute annual income is 369,771 $.
The current yield is 5.1%.
Location and nearby infrastructure
The property is located in the Upper East Side, which is one of the most expensive and prestigious residential areas of New York.
The area has the largest number of museums, elite cafes and cultural centers.
The area is famous for its good infrastructure for families with children, thanks to its proximity to Central Park, Riverside Park, first-class schools and lots of entertainment for children.
More properties
If this property wasn’t for you, take a look at other retail space for sale in Upper East Side.
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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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