Commercial condominium in Manhattan

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Commercial condominium in Manhattan

15,500,000 $
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Total area: 608 m² Yield: 4.0%
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Features
  • Operating Incomе: 551,730 €
  • 7-floor building
  • 1 floor
  • Occupancy: 100%
  • Total premises: 1

It is a commercial premise on the ground and basement floors of a luxury apartment building in East Village, NYC.

Description

The propert is located on the ground and base floors of the of the 82-unit newly developed luxury condo. The total area is 608 m².

The retail condo features nearly 12 meters of frontage, a glass facade, and 6-meter ceilings on the ground floor

The property is operated as a health-care facility and put into long-term lease.

Financial performance

Absolute income is 619,920 $.

The current yield of 4%.

Tenants

Tenant is City MD, an American company to provide emergency care.

The lease agreement was signed in 2014 for 15 years until 2029.

The tenant spent approximately $ 1.5 million building out the space in 2014.

Location and nearby objects

The facility is located in prime neighborhood of the East Village near such spots as The Belfry, Blind Pig, and The Winslow.

Good transportation links, subway station and public transportation are within the walking distance.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services