Property Detail

Retail and Office Centre in New York, in Manhattan, for Sale, Lease Agreements end 2021-2030

Retail and Office Centre in New York, in Manhattan, for Sale, Lease Agreements end 2021-2030

Property type: retail and office centre
Purchase of established rental business

Location: Manhattan, New York, USA

Building size: ca. 700 m2

Tenants: bank branch, coffeehouse, organic shop

Lease Agreements end: 2021-2030 (+ 5-year renewal option)

Possibility of renewal: YES
Rent Review: YES

Management company: YES

Accounting and taxation services: YES

Purchase price: 35,000,000 USD

Bank financing: 50%

Interest rate: from 3.9%

Amount of investor’s own capital required: 18,900,000 USD

Income: 1,575,000 USD per annum

(+ indexation linked to inflation)

Cap Rate: 4.5%

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

Property Contact

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

[ Note:
- fields marked * are necessary to fill
- telephone should include International Prefix]

http://www.brantstone.com/property/retail-property-for-sale-new-york-01021620 01021620 Retail and Office Centre in New York, in Manhattan, for Sale, Lease Agreements end 2021-2030