Property Description

​An income-producing residential building acquired in Q3 2011 through a local German company. The property is in the district of Reinickendorf, not far from the current Tegel airport, which will be closed soon. The area is expected to improve noticeably after the closure of the airport. The property, which was constructed in 1905, with a charming cupola, and has 27 apartments and 4 commercial units. The property provides a high-yield income from rentals compared to its purchase price. Real Capital has structured the transaction, secured financing, and will manage the property.