- Upper West Side Shop $2,500,000
- Basic parameters
- Photo
№ 1,737,206
Store, Manhattan, New York, USA
$2,500,000
$14,534 /m²
- Total area 172 m²
- Yield 3.5%
- Lease term 2025
- Constructed —
Key project parameters
- Total area
- 172 m²
Project description
Store on the ground floor of the building.
Description
The total area of the property is 172 m².
Asset Type: Retail Condo.
Tenants
- Agreement
- Yes
- End of lease
- 2025
The tenant is a large US telecommunications company. The annual turnover of the company is more than 34 billion dollars.
The lease agreement is valid until 2025 and provides the annual indexation of the rent by 3%.
Financial performance
- Yield
- 3.5%
The cost of the property is 2,500,000 $.
The absolute annual income is 87,662 $.
The current yield is 3.5%.
Location and nearby infrastructure
The store is located in the Upper West Side, in one of the most favorable areas for living.
The area is dominated by elite residential development.
There are such attractions as River Park, Lincoln Center here.
The metro station is situated in a walking distance from the property.
More properties
If this property wasn’t for you, take a look at other retail space for sale in Upper West 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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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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