Property Description

​An income-producing residential building acquired in 2010 through a local German company. The building size is 1485m², composed of 27 units, and had been uplifted recently. The property is on Emser Strasse in the Neukölln area, a middle-class neighborhood in the former West Berlin. The building is a short walking distance from Hermmannstrasse, one of the main avenues of Neukölln that is bustling with retail shops. The property produces high current rental income from the rented flats. Real Capital has structured the transaction, secured financing, and will manage the property.