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Living space
68
Bedrooms
1
Living rooms
1
Bathrooms
1
Rented since
10/1987
€273,520
€4,000/m²
BUYER COMMISSIONCommission-Free

Highlights

Historic building, dating to 1885, extensively renovated in 2014-15

Very popular location

Balcony facing onto the street

Wooden flooring

High ceilings and lots of natural light

Description

The Building

The address Reichenberger Straße 88 is one that is immediately associated with a high quality of living in the heart of Berlin’s home of cool. The building, constructed in 1885 during Berlin’s Grunderzeit (founding period), was completely redeveloped in 1994-95, when the new façade was added, and further enhanced in 2014-15.

The Apartment

This elegantly proportioned and laid-out apartment lies on the second floor, at the front of the building. It comprises two large rooms, one with a balcony facing north onto Reichenberger Straße itself, and one with two large windows facing south. The rest of the apartment is made up of the well-proportioned bathroom and kitchen, each with large, south-facing windows. The apartment also enjoys the wooden flooring and high ceilings typical of these Altbau buildings.

The Location

Located in the heart of Kreuzberg, one would be hard pressed to find a more distinctive and popular area of Berlin, famous for its nightlife and range of gastronomic choices. The kaleidoscopic diversity and pace of life in Kreuzberg is what sets it apart from other areas of the city. The building is just a stone’s throw from the picturesque Landwehr Canal and numerous scenic parks, and is well connected to local infrastructure: an underground station is within easy walking distance.

Apartment ID:10
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FEATURES

Balcony
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Elevator
Main Flooring: Floorboard
Cellar

APARTMENT DETAILS

Firing: Distance
Heating: Central
2nd 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
7.56% p.a.
Down payment
€119,255
MONTHLY PAYMENT
-€80/month

Projected financial performance

All projections are estimated for a period of 10 years.
Summary
Apartment
Financing
Market
Transaction
PURCHASE
Down Payment
€119,255
megaicons/down-payment
  • Purchase Price
    €273,520
  • Closing Costs
    €24,617
  • Opening Loan Balance
    €178,882
  • Initial Cash Investment
    €119,255
RETURN
Return on Equity
7.56% p.a.
  • Initial Cash Investment
    €119,255
  • Opening Loan Balance
    €178,882
  • Ending Cash Balance
    €316,923
  • Ending Loan Balance
    €128,612
GROWTH
Initial Operating Balance
-€80/month
  • Initial Rental Income
    €372
  • Initial Rental Costs
    €79
  • Initial Loan Interest
    €373
  • Initial Operating Balance
    -€80
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.
Entry Level Investment in Top Location
Reichenberger Straße 88, 10999 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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