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Apartment house in Manhattan with a 4% yield

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Apartment house in Manhattan with a 4% yield

10,300,000 $
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Total area: 334 m² Yield: 4.0%
  • Absolute return: 362,800 €
  • Land area: 120 m²
  • 4-floor building

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

Description

The four-storey building area of 334 m² situated on a plot of 120 m².

There is a retail premise on the ground floor which is currently leased out. The other floors host 6 studio apartments.

Financial performance

Absolute income is 411,805 $.

The current yield of 4%.

Tenants

Tenant of the retail premise is a high-end denim company.

Location

The property is positioned in an exceptionally strong retail corridor with national retailers such as Lululemon, Pier 1 Imports, Nike, Starbucks and major banking institutions including Bank of America and TD Bank.

Public transport and the subway are within walking distance from the property.

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Georgiy Buznik
Georgiy Buznik
Real Estate Expert Tranio in Manhattan
+44 20 3608 1267
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