+44 20 3608 1267

Retail space in Harlem with a 4,5% yield

8,250,000 €
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Total area: 315 m² Yield: 4.5%
  • Absolute return: 349,272 €
  • 6-floor building
  • 1 floor
  • Renter: 100%
  • Total premises: 3
  • Street retail

It is three retail premises on the ground floor of a residential condominium in Harlem, New York.

Description

The total floor area is 315 m².

The total length of the showcase windows reaches 17 meters.

Property is located in a busy street close to a huge number of public transport and subway.

All areas are fully leased to reliable tenants.

Financial performance

Absolute income is 396,000 $.

The current yield of 4,5%.

Tenants

Lease contracts with all tenants are signed until 2025.

Triple Net lease.

No RE Taxes till 2031.

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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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