Historic building in the center of Berlin, Germany

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Historic building in the center of Berlin, Germany

9,600,000 €
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Total area: 2,368 m² Built in 1875
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Features
  • Land area: 514 m²
  • Broker: 6.0%
  • Total apartments: 21

The building of 2,368,54 m² was built in 1875 and is protected as a monument of architecture. The house was completely reconstructed using high-quality materials. The façade remained after the war.

The property consists of 21 flats, including one commercial unit. 18 apartments are vacant, 2 apartmets are leased.

Financial performance

After modernization of the building price per 1 m² in a flat will be 7,500 euros and in a penthouse — 11,000 euros.

The cost of ownership

Approximative price for modernization of the building and construction of a penthouse is about 5,000,000 euros.

Location

The building is located in Mitte district, in the historic center of Berlin.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
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