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Living space
66
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
04/2011
€301,073
€4,549/m²
BUYER COMMISSIONCommission-Free

Highlights

Well-preserved building dating from the “Gründerzeit”

Storage room, which could be used as a home office or small guest room

Balcony

Modernised communal property

Family-friendly residential area near several parks

Description

The Building

The classic period building has four stories, plus a basement with space allocated for each apartment. Nearly all apartments have balconies, offering the chance to enjoy street views, or a look into the green oasis of the inner courtyard. The apartments themselves all have soaring ceilings and are generously appointed, creating the perfect canvas on which to paint a domestic dream. Double windows and intricate Altbau detailing throughout add to the evocative charm felt throughout the building.

The Apartment

This currently rented 2-room neighbourhood apartment, located on the third floor of the front building, offers a lot of potential and the best "hardware". The space-efficient floor plan allows not only bay-window and balcony rooms, a spacious kitchen and a bathroom with tub and lots of natural light, but also a storage room with a large window, which could also be used as a home office or small guest room. Interested tenants will always queue up here.

The Location

Located in Neukölln’s Körnerkiez, the building lies on a peaceful residential street. Local, family owned businesses are abundant in this area, as is a unique, creative spirit that is hard to match. Close by is Körnerpark, a beautiful green space reminiscent of a palace garden. The larger area is famous for its vibrant atmosphere and array of quirky bars, restaurants, and shops. Around here, historic houses of Rixdorf, the community founded in 1737 by Bohemian refugees, can be found nestled alongside artists’ studios and lively new establishments. It is a place with a strong sense of community, where people from all walks of life find a place to call home.

Apartment ID:25
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FEATURES

Balcony
Main Flooring: Floorboard

APARTMENT DETAILS

Firing: Gas
Heating: Individual
2nd to 3rd 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
7.45% p.a.
Down payment
€131,268
MONTHLY PAYMENT
-€103/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€131,268
megaicons/down-payment
  • Purchase Price
    €301,073
  • Closing Costs
    €27,097
  • Opening Loan Balance
    €196,902
  • Initial Cash Investment
    €131,268
RETURN
Return on Equity
7.45% p.a.
  • Initial Cash Investment
    €131,268
  • Opening Loan Balance
    €196,902
  • Ending Cash Balance
    €348,848
  • Ending Loan Balance
    €141,568
GROWTH
Initial Operating Balance
-€103/month
  • Initial Rental Income
    €400
  • Initial Rental Costs
    €93
  • Initial Loan Interest
    €410
  • Initial Operating Balance
    -€103
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.
Good Investment Opportunity in Top Location
Bruno-Bauer-Straße 16, 12051 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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