Property Detail

Сlothing Store + Fitness Center in New York, in Manhattan, for Sale, Lease Agreements end 2024-2025

Сlothing Store + Fitness Center in New York, in Manhattan, for Sale, Lease Agreements end 2024-2025

Property type: clothing store + fitness center
Purchase of established rental business

Location: Manhattan, New York, USA

Building size: ca. 1,400 m2
Area size: ca. 250 m2

Tenants: clothing store, 4 fitness studios

Lease Agreements end: 2024-2025

Possibility of renewal: YES
Rent Review: YES

Management company: YES
Accounting and taxation services: YES

Purchase price: 30,000,000 USD

Bank financing: 50%

Interest rate: from 3.9%

Amount of investor’s own capital required: 16,200,000 USD

Income: 1,350,000 USD per annum

(+ indexation linked to inflation)

Cap Rate: 4.5%

Return on investment (ROI): 4.6%
If using bank finance

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http://www.brantstone.com/property/commercial-property-for-sale-manhattan-new-york-01021619 01021619 Сlothing Store + Fitness Center in New York, in Manhattan, for Sale, Lease Agreements end 2024-2025