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Classic Building Abode with Courtyard Balcony

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Living space
76
Bedrooms
2
Living rooms
1
Bathrooms
1
Rented since
03/2009
€305,500
€4,039/m²
BUYER COMMISSIONCommission-Free

Highlights

Historic building, dating to 1875, very well preserved, renovated in 2012-13

West-facing balcony, overlooking large courtyard garden

High ceilings and lots of natural light

Very popular neighbourhood

Family-friendly residential area near large park

Description

The Building

The five story Wilhelminian era building at Sorauer Strasse number 12 offers relaxed and contemporary living in the heart of one of Berlin’s most popular neighbourhoods; the heritage protected Wrangelkiez. The bright façade features attractive stucco elements, and the period styling continues in the building’s interior, where many classic features are preserved. The building, especially the façade, was extensively renovated in 2012-13.

The Apartment

This peaceful, 75sqm apartment, located on the fifth floor and reachable by elevator, is spread across three rooms. The two larger rooms face south-east onto the quiet, residential street, while the third leads out onto a balcony overlooking the large courtyard garden. The apartment enjoys high ceilings with stucco moulding, large windows, and lots of natural light throughout. It was renovated and modernised along with the building in 2013, ensuring comfortable, modern living in this classic building.

The Location

The building lies on a picturesque, tree-lined street in Kreuzberg’s coveted Wrangelkiez. The area is well-known for its cafes, restaurants and bars, and the apartment is within easy walking distance of Görlitzer Park. Also within a few minutes’ walk is the U1 underground line, one of the easiest ways to commute from East to West in Berlin.

Apartment ID:12
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FEATURES

Balcony
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Elevator
Main Flooring: Floorboard
Cellar

APARTMENT DETAILS

Firing: Distance
5th floor

DOCUMENTS

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Exposé
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Floorplan
Visualization and dimensions of the 3D model are for illustrative purposes only and are not binding.

Return calculator

All projections are estimated for a period of 10 years.

RETURN CALCULATOR

Return on equity
6.98% p.a.
Down payment
€133,198
MONTHLY PAYMENT
-€187/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€133,198
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  • Purchase Price
    €305,500
  • Closing Costs
    €27,495
  • Opening Loan Balance
    €199,797
  • Initial Cash Investment
    €133,198
RETURN
Return on Equity
6.98% p.a.
  • Initial Cash Investment
    €133,198
  • Opening Loan Balance
    €199,797
  • Ending Cash Balance
    €353,978
  • Ending Loan Balance
    €143,649
GROWTH
Initial Operating Balance
-€187/month
  • Initial Rental Income
    €440
  • Initial Rental Costs
    €211
  • Initial Loan Interest
    €416
  • Initial Operating Balance
    -€187
Disclaimer: The projected financial performance is purely for illustrative purposes and does not constitute financial advice. The shown financial figures are estimations (“Performance Data”) only. Such Performance Data is based on the current expectations and certain assumptions, of which many are beyond the control of EverEstate Gmbh. These are subject to a number of risks, uncertainties and other factors. EverEstate Gmbh does not guarantee any Performance Data shown; future results and performance may be higher or lower than the Performance Data.
Classic Building Abode with Courtyard Balcony
Sorauer Straße 12, 10997 Berlin

LISTING PROVIDED BY:

ZIEGERT Bank- und Immobilienconsulting GmbH
Schlüterstr. 54
10629 Berlin
The Ziegert Group is Berlin’s leading Real Estate company, and cooperates internationally with Knight Frank. The team of over 200 highly qualified and motivated employees focuses on the sale of apartments, financial consulting, as well as interior design and other property-related services. The goal is to provide a full 360° service to customers in national and international markets.
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