2-Й ЭТАЖ В БИЗНЕС ЦЕНТРЕ "АЛЕКСАНДР" СО СТАБИЛЬНЫМ ДОХОДОМ (площади 100% арендованы)

Condo Sale Price: $6,750,000
Unit SF: 6,700 SF
Price/SF: $1,007.46
Cap Rate: 6.92%
Sale Type: Investment
Center Type: Storefront Retail/Residential
Center Size: 17,192 SF
% Leased: 100.0%
Land Area: 0.04 AC
Year Built: 2010
Zoning: C1-9

Investment Notes:
This second floor retail condominium unit is located in The Alexander Condominium at the southwest
corner of East 49th Street and Second Avenue. The space is leased out to two tenants for a total of
$480,561 year, with the tenants paying the entire real estate taxes assessed to the unit and World
Vision pays their own common charges. World Vision is a Christian humanitarian organization
dedicated to working with children, families, and their communities worldwide to reach their full
potential by tackling the causes of poverty and injustice. World Vision is a global organization with
offices in approximately 100 countries. In 2010, the organization reached over $1 billion in revenue.
The second tenant is a medical office with two other locations in Brooklyn. The bulk of their revenue
comes from Medicare and Medicaid. The medical space is accessible by both 49th and Second Ave,
while World Vision is only accessible by Second Ave. This is an excellent opportunity for an investor
looking for strong in-place cash flow.
The Alexander, a new 24-story luxury residential condominium building, comprises 77 apartments, a
24-hour doorman and concierge, a fitness center, a landscaped roof terrace, and private storage.