Office building in the heart of Albany

9,706,000 $
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Total area: 9,588 m² Yield: 8.9% Built in 1960
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Features
  • Absolute return: 767,945 €
  • Land area: 1,700 m²
  • 6-floor building
  • Percentage of the rented area: 90%
  • Number of parking lots: 175
  • Most recent total renovation: 1999
  • Total premises: 20

It is an office building for sale in the capital of NYS.

Description

The total area of a six-storey building is 9,588 m².

The plot of 1,700 m².

There are 20 premises in total, three of them are retail ones on the ground floor with total area of 279 m², the other are office ones.

The property was built in 1960 and renovated in 1999, good condition.

There is a garage for 175 cars.

All premises except one are leased out.

Financial performance

Absolute income is 862,860 $.

The current yield of 8,9%.

Tenants

There are 19 various tenants.

WAULT of 6 years.

Location and nearby objects

The property is situated near the NYS Capitol, business and entertainment districts.

Public transportation, restaurants and cafes are within the walking distance.

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Supermarkets
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Schools
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Cafe and restaurants
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Hospitals
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Airports
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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
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