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Apartment house in Manhattan with a 4% yield

10,314,000 €
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Total area: 538 m² Yield: 4.0%
  • Absolute return: 391,880 €
  • Land area: 186 m²
  • 5-floor building
  • Most recent total renovation: 2013
  • Total apartments: 4

It is an apartment house with commercial space in Manhattan, NYC.

Description

The five-storey building area of 538 m² situated on a plot of 186 m².

There is a commercial premise area of 167 m² on the ground floor used as a medical office. The other floors host 4 full floor apartments area of 92 m² each.

Apartment equipment:

  • high ceilings;
  • large windows;
  • personal washers and dryers;
  • skylights;
  • fireplaces;
  • bay windows.

All apartments were renovated in 2013.

Medical office is divided into 5 exam rooms, reception, waiting room and 2 restrooms.

This office was recently renovated with high end finishes.

Medical office is vacant.

Financial performance

Absolute income is 444,813 $.

The current yield of 4%.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Manhattan
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