Multi-family residence in Moabit, divided into separate land registry entries

€4,500,000
  • ~1,830 m² Total surface
  • ~1,830 m² Living area
  • ~713 m² Plot surface
  • Construction year 1910

Description

The property is a multi-family residence with 33 apartments, built around 1910. The units are distributed across five full stories in the main building and two side wings. The property is accessed via three well-maintained stairwells and is in a relatively simple technical condition but appears well-maintained visually. Historic architectural details, such as a stately entrance in the main building, stucco elements in the stairwells, period doors, and corresponding ceiling heights, are still present. The units are heated by gas-fired radiators and supplied with hot water. Some of the units in the main building feature balconies and loggias facing Klarenbachstraße. In recent years, some of the old windows have been replaced with new PVC windows. In addition, the stairwell in the front building was renovated and the rear facade was refreshed. The apartments have been gradually renovated as tenants move out, as needed. The property features a spacious inner courtyard, which, in addition to a well-maintained trash collection area, is equipped with bicycle parking spaces for tenants. The apartments range in size from 40 m² to 120 m² and are considered highly marketable. The property was subdivided in the land registry in 2015. Currently, eight apartments are vacant; two of them would require extensive renovation before being re-let. Eighteen tenants hold a statutory right of first refusal. The property is not located in a neighborhood protection or preservation zone. No protected historic district Central location Historic architectural details Facade with balconies and loggias Gas-fired individual heating systems Energy efficiency class D Well-maintained courtyard Managed under the Condominium Act (WEG) Average rent for residential units: 8.33 EUR/m² 121127
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Engel & Völkers Commercial Berlin

Your advisor: Team Investment Residential and Commercial

Property ID: OI-BER-121127

Property details
  • Property type

    Investment

  • Total surface

    ~1,830 m²

  • Living area

    ~1,830 m²

  • Plot surface

    ~713 m²

  • Usable surface

    ~1,830 m²

  • Target return

    4.07 %

Energy efficiency information
  • Construction year

    1910

  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Energy Consumption Certificate

  • Final Energy Consumption

    114.81 kWh/m²a

  • Energy source

    Gas heating

Location: Moabit, Berlin

The street is a moderately busy side street with good infrastructure in the Moabit district, right in the heart of Berlin. In addition to various commercial establishments, the immediate vicinity also offers a full range of shopping options for daily needs, as well as recreational opportunities in the form of green spaces and the banks of the Spree. The streetscape is characterized in particular by the predominantly commercial buildings, as well as large residential buildings dating from the turn of the century. Transportation connections are excellent, both by car and via public transit—including the S-Bahn and U-Bahn (Beusselstraße S-Bahn station, Mierendorffplatz U-Bahn station).

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