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Living space
61
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
10/1984
€238,290
€3,900/m²
BUYER COMMISSIONCommission-Free

Highlights

4-storey Altbau with front and garden house, built in 1907

Balcony with double door

Practical storage room

Newly designed green inner courtyard

Popular neighbourhood in Neukölln

Description

The Building

Built in 1907, this Belle Époque property consists of a four-storey front building complete with attic floor, an annexed back building plus two courtyards. In 2017, its façades were restored and repainted, and the building derives much of its charm from its colour scheme and the symmetric lines, including the square signature box windows. Overall, the house divides into 28 residential units spread across front and back building, and ranging in size from 48 to 128 sqm. Each apartment comes with a balcony or loggia, and a basement storage room.

The Apartment

This well-proportioned, 2-room investment apartment, located in the quiet garden house, offers a lot of quality for singles or couples. The 22sqm living room is wonderfully spacious, and also has a pretty balcony with a double door, while the bedroom is more compact, but still more than sufficient. Furthermore, the kitchen, with its practical storage room, the bathroom with bathtub, and the gallery hallway are all very attractive. In all, this is a perfect investment apartment.

The Location

Night or day, there is always something happening in Neukölln. It is a strikingly young and international crowd, and a real creative melting pot, with everyone coexisting peacefully, side-by-side. Finowstrasse itself is a rather quiet residential street, slightly contradicting the bustle of the local area. Families account for 26% of the population in multi-cultural Neukölln, which is considerably higher than the citywide average. There is obviously a large number of trendy pubs, galleries, cafés, health-food stores and boutique stores that lend the quarter a fresh young appearance. At the same time, many young entrepreneurs and startups have chosen northern Neukölln as their place of business. Demand for apartments remains high in the area and this, coupled with a scarcity of properties, has led to soaring prices in recent years, a trend which shows little sign of stopping.

Apartment ID:10
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FEATURES

Balcony
Main Flooring: Floorboard
Cellar

APARTMENT DETAILS

Firing: Gas
Heating: Individual
1st floor

DOCUMENTS

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Exposé
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Floorplan

Condition

Needs minor fixes

No costly repairs
Ready to move in
Flexibility of design
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
8.10% p.a.
Down payment
€103,894
MONTHLY PAYMENT
-€13/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€103,894
megaicons/down-payment
  • Purchase Price
    €238,290
  • Closing Costs
    €21,446
  • Opening Loan Balance
    €155,842
  • Initial Cash Investment
    €103,894
RETURN
Return on Equity
8.10% p.a.
  • Initial Cash Investment
    €103,894
  • Opening Loan Balance
    €155,842
  • Ending Cash Balance
    €276,103
  • Ending Loan Balance
    €112,047
GROWTH
Initial Operating Balance
-€13/month
  • Initial Rental Income
    €392
  • Initial Rental Costs
    €81
  • Initial Loan Interest
    €325
  • Initial Operating Balance
    -€13
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.
Exclusive Apartment in Top Location
Finowstraße 28, 12045 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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