A condo-retail on the ground floor of the building.
Description
Total area of the property is 248 m²
The commercial center consists of a premise with area of 179 m² on the ground floor and a premise with area of 69 m² on the lower level of the building.
The length of the facade is 21 m.
Absolute annual income is 305,665 $.
The current yield of 5.4%.
The tenant of the property is a co-working space provider.
The lease agreement is signed for 10 years and valid through 2026.
The agreement stipulates a rental payment indexation at 3% per annum.
The tenant also leases out 67 m² of an adjacent sidewalk space from the City of New York. The owner doesn't pay the rent for sidewalk.
The shop is located in the West Village neighborhood in Manhattan. Public transport stops and two Metro stations are situated within few minutes of walking from the property.
