If you are interested in buying something profitable this year then consider following real estate buildings for investment.
$60,000 approximate annual rent
93 Worth Street (between Broadway and Church Street)
Eye and Health Tribeca is a holistic optical center, and recently, they signed a 10-year lease to have a 600 square foot retail space on the ground floor of this beautiful building. It was built in 2014, which is one of the newest in its area. The building itself has 17 stories, and it also has a total of 91 apartments that available to rent. The owner of the centerwas able to receive a rent concession for six months, but this is not their only center. They have a total of three other centers located in the Manhattan area. According to their place, they expect to open their new location in the building sometime by the fall season.
Tenant: Eye and Health Tribeca
Landlord: 93 Worth Retail L.L.C.
Landlord’s Broker: Jeremy Schwartz and Jedd Nero, Avison Young
153 Avenue B (between Ninth and 10th Streets)
This 19th century townhouse is located in East Village. The entire structure is 6,440 square foot, and it has five floors and market rate apartments. Throughout the entire structure, the private investor that purchase the property was pleased with the beautiful period details, and it also has a total of four nonworking fireplaces throughout the building. This beautiful 23 by 54 foot brownstone has a beautiful view of Tompkins Square Park right across the street, and it is directly next to the Charlie Parker residence in the East Village. This was once home to the beautiful actress Marisa Tomei and the brilliant composer and musician Charles Mingus. Due to the fact a single family owned it for almost 60 years, it has a cap rate of about 3 percent.
Buyer: 153 B L.L.C.
Buyer’s Brokers: Paul Bernstein, City Connections Realty
Seller: 153 Ave. B Inc.
Seller’s Brokers: Ravi Kantha and Matthew Lesser, Lesser Kantha Team at Leslie J. Garfield Real Estate
4468-4474 Broadway (between Fairview Avenue and West 193rd Street)
This two story build was build back in 1991, and it is classified as a 20,000 square foot elevator building. It is located in Washington Heights, and not only does it have 100 feet of frontage view, it also has 14,400 square feet of unused air rights that comes with it. The ground floor is divided into six retail spaces, and it has a total of five different offices on the second story. The current tenants of this beautiful structure include a liquor store, the New York Neuro and Rehab Center, and a beauty salon. It is also has an excellent stop for city transportation. In the front of the building, there is a bus stop for both the BX7 and the M100 buses. </b>