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Property Description

‚ÄčAn income-producing residential building acquired in Q3 2011 through a local German company. The property is located in the heart of Charlottenburg, a high-end residential area, few meters away from the most prominent commercial street Kurfürstendamm (or Kudamm). The property is a 6-storey building constructed in 1980, and has 16 residential units, 3 commercial units and 17 underground parking spaces. The property provides a high-yield income from rentals relative to its purchase price. Real Capital has structured the transaction, secured financing, and will manage the property.