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Retail/office condos on the waterfront of the Hudson River with a 4% yield

9,093,000 €
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Total area: 1,975 m² Yield: 4.0%
  • Absolute return: 347,433 €
  • Built in 1970
  • Renter: 27%
  • Total premises: 6
  • Street retail

It is a package of six retail/office premises in a shopping mall in the suburbs of NYC.

Description

The total floor area of 1,975 m².

The total area of the mall is 7,432 m². The mall consists of many retail shops including: grocery store, wine store, pharmacy, restaurants, dry cleaners, beauty salon, dental office and a day care center.

Two premises are leased out, the other four are vacant.

Financial performance

Absolute income is 390,374 $.

The current yield of 4%.

Tenants

The tenants are medical office and a spa salon.

The lease agreement with medical office will expire in 2017, the lease agreement with spa salon is valid until 2021 and has extension options.

Location

The shopping mall is situated on the Hudson waterfront and overlooks Manhattan.

There is a ferry port and bus stop just a few minutes away.

Population of more than 2 million people in 8 km radius.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Guttenberg
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