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5 381 692 €
5 381 692 €
| Sale price | 5 381 692 € |
| Price per square meter | 5 381.69 € |
| Floor area | 1 000 sq.m |
| Address | USA, New York City |
Business on sale
| Profitability | |
|---|---|
| Annual return | 4.62 % |
|
Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 248 821 € |
|
Annual rental revenue, excluding operating expenses |
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| Pay-off period | 21 years |
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Rental income covers all the expenses in |
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An apartment building located just off 9th Avenue at West 51st Street in the prestigious Health Kitchen neighbourhood of Manhattan. From an investment point of view, 418 W 51st Street represents a rare opportunity to acquire property in a fast-growing neighbourhood at a significant discount.
Julia Morozova
Associate Director, Commercial Real Estate International Investment Department