Apartment building in the central area of Berlin, Germany

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Apartment building in the central area of Berlin, Germany

17,800,000 €
3,632 € /m²
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  • Total area
    4,900 m²
  • Yield
    4.62%
  • Built in 
    1899
Details
Property parameters
  • Land area: 4,900 m²
  • Total apartments: 100
Financial performance
  • Annual income: 822,113 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2016
Transaction costs
  • Notary (state registration): 1.5%
  • Acquisition tax: 6.0%
  • Broker: 6.0% + VAT

The building consists of about 100 apartments. The flats on the ground floor have private entrances.

  • Central heating and hot water supply
  • Elevator
  • Wooden floors
  • Modern bathrooms
  • New windows and doors

Originally, the building served as a retirement home, and then as an office building. In 2015–2016, the building was extensively renovated and converted into an apartment building

Tenants

The property is fully let.

Location and nearby infrastructure

The property is located in the central area of Berlin.

Mitte is the geographical and political center of Berlin, where most famous social and cultural attractions are located. The combination of these enticing factors has has made for a booming commercial and residential real estate scene where property prices are on the rise.

Berlin is the capital of Germany with the population more than 3.9 million people. Within EU Berlin is one of the cities with the highest business activity. About 80% of companies in Berlin work in the services sector. The city is home to large corporations such as Siemens, Volkswagen, Pfizer and SAP. Today Berlin is a world cultural center and one of the most visited cities on the continent. Berlin-Brandenburg Airport serves over 20 million passengers annually.

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If this ad doesn't suit you, have a look at the other apartment buildings for sale in Berlin.

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    Marina Filichkina
    Marina Filichkina,
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