English 
Deutsch 
עברית 
[iconse5]
Located in the northern sector of Neukölln District between the Kreuzkölln and the popular Schiller Kiez.
During the last 5 years the area has become increasingly fashionable drawing hundreds of residents from other parts of Berlin.
Dozens of coffee shops, restaurants, bars and art galleries have opened in vicinity of the property in the recent years. Rent rates have climbed substantially and reached levels of upper middle- class neighborhoods such as Charlottenburg.
The specific location of the property is a street leading to two huge parks, Haznheida and Tempelhof Park. Tempelhof Park has opened two years ago after closing the airport in that area. Tempelhof Park has become a huge dimensions and impressive park and thousands enjoy it. The park has also ambitious future plans as an urban design center. The other side of the street leads to Neukölln Arcade shopping center which located a 100 meter from the building.
Prices of other properties currently on sale in the area
1. Distance – 450 meter
A vacant 93 SqM apartment, 237,542 EUR including purchase tax, notary and realtor fees. Price per SqM – 2,557 EUR after additional expenses. 348 EUR monthly rental is 1.76% yield net.
//www.immobilienscout24.de/expose/70995586
2. Distance – 450 meters.
A rented 65 SqM apartment, 118,107 EUR including purchase tax, notary and realtor fees. Price per SqM – 1,817 EUR after additional expenses. 390 EUR monthly rental is 3.9% yield net.
//www.immobilienscout24.de/expose/71064007
3. Distance – 400 meters.
A vacant 108 SqM apartment. 294,114 EUR including purchase tax, notary and realtor fees. Price per SqM – 2,723EUR after additional expenses.
//www.immobilienscout24.de/expose/69968179
Properties currently offered for rent in the area
Properties currently offered for rent within a 500 meter radius from the building reflect rent prices of 8-10 EUR per SqM. Average current rent prices in the building is 5.4 EUR per SqM, reflecting a potential rent could increase up to 100% when replacing tenants.
//www.immobilienscout24.de/expose/70862149
//www.immobilienscout24.de/expose/55007752
//www.immobilienscout24.de/expose/70539901
//www.immobilienscout24.de/expose/71087917
area pictures:
