Project Pistoriusstraße 91-92

  • Real Estate
  • New build
  • Expansion


[nectar_highlighted_text color_type=”regular” highlight_color=”#00cae8″ style=”regular_underline” highlight_expansion=”default” underline_thickness=”default” delay=”200″]The ” Pistoriusstraße 91-92″ project is an almost fully leased residential building in the middle of Berlin’s popular Weißensee district near Prenzlauer Berg. The impressive apartment building comprises a total of 15 units with a total area of more than 1,051 m².

The property is located in the popular Berlin district of Weißensee which stands out from the other districts due to its green & idyllic perception. Weißensee is characterized by small-scale old building quarters, family houses and garden colonies. The proximity to Berlin Mitte, Prenzlauer Berg and other hip districts makes the location extremely attractive for residents. In addition, Pistoriusstraße is surrounded by all important amenities for daily needs.

The project is already very well leased and currently generates a net annual rent of €89,675. The current average rent of €7.10 /m2 still offers great potential upwards, in addition, 19 parking spaces can also be leased in the future.

The new construction and loft conversion is planned, and subsequently sold to an investor through a global sale. The issuer expects approx. 200 m² of additional space in the course of the attic conversion and approx. 1,644 m² through the construction of the new building. Thus, a total of approx. 1,844 m² of new usable living space will be created. In addition, 13 garage spaces and six parking spaces will be built.

Financed by bank loans 2,970,000 euro and also financed by equity financed 247000 euro[/nectar_highlighted_text]