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5 456 568 €
5 456 568 €
| Sale price | 5 456 568 € |
| Price per square meter | 7 077.26 € |
| Floor area | 771 sq.m |
| Construction phase | Resale |
| Address | USA, New York City |
Business on sale
| Profitability | |
|---|---|
| Annual return | 5.5 % |
|
Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 300 111 € |
|
Annual rental revenue, excluding operating expenses |
|
| Pay-off period | 18 years |
|
Rental income covers all the expenses in |
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- The 771 square metre property is located on the northwest corner of Forest Avenue and Van Eyemey Avenue
- The intersection is heavily trafficked
- Approximately 208,000 people live within a three-mile radius
- Property is currently sublet to Harley Davidson until April 2039 but is guaranteed by Walgreens with an investment grade rating of BBB
Julia Morozova
Associate Director, Commercial Real Estate International Investment Department