+44 20 3608 1267

Retail condominiums in Manhattan with a 3% yield

13,125,000 €
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Total area: 462 m² Yield: 3.0%
  • Absolute return: 370,910 €
  • 8-floor building
  • 1 floor
  • Renter: 100%
  • Total premises: 2

It is two commercial condominiums on the ground floor in Tribeca, NYC.

Description

Premises located on the ground floor of the eight-storey building. The total area of 462 m².

The total length of wrapped glass showcases is more than 60 meters.

All areas are leased out to two tenants.

Financial performance

Absolute income is 416,753 $.

The current yield of 3%.

Tenants

Tenants are healthy food store Juice Press and FlyWheel gym.

The lease agreements were signed until 2023 with the extension option for 5 years.

Location

The property is located on the street that has always been a highly sought after location by national retailers and is now considered one of the main corridors within TriBeca.

TriBeCa remains one of the most desirable neighborhoods in all of Manhattan as both residential and retail development continues to grow within this small enclave of Manhattan, making it one of the strongest submarkets in the city.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Manhattan
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