Apartment building with a restaurant on the ground floor.
Description
The property consists of a commercial unit on the ground floor, a studio apartment on the second floor, three bedroom apartments on the 3–4 floors.
Financial performance
The cost of the property is 7,800,000 $.
The projected annual income is 482,220 $.
The projected yield is 6.2%.
Tenants
The tenant is a Japanese restaurant.
Location and nearby infrastructure
The property is located in the Williamsburg area in the north of Brooklyn, in a short walk from the ferry terminal.
The area is characterized by the highest asking retail rents in Brooklyn.
There is a metro station nearby.
