Husemann Strasse Berlin

This 19 apartments, 2 commercial units Altbau property was built in 1910. A modern central gas heating system has been installed in the property, which is in a good technical condition.

Apartment sizes range between 50—120 SqM in 1-4 room units. All apartments are being marketed at discount prices compared to the neighborhood.

The Centrally located neighbourhood of Prenzlauer Berg, adjacent to Mitte, is one of the most popular and expensive neighbourhoods in the city, attracting young affluent residents, in particular young families, attracted to the life style and high quality schools located in the neighbourhood.

The micro-location surrounding Kollwitzplatz, and Kollwitzstraße, is considered one of the most up-scale areas in Berlin, with impressive Altbau buildings lining the streets. This specific location was one of the first areas to attract affluent residents, particularly from south Germany. Prices of properties, and rental prices are some of the most expensive in the city on par with the pricing of Mitte the Kodamm area.

A large number of restaurants, coffee shops, galleries, pubs and boutique stores create the unique life style characteristic of Prenzlauer Berg. Kollowitzplatz also hosts a vibrant weekend market, and an organic farmers market each Thursday.

Husemannstraße 34 is located in one of the best mirco locations in Prenzlauer Berg, indeed in Berlin. Eberwaldstr. U-Bahn station and Prenzlauer Berg Allee S-Bahn station are just a short walk away from the property.

Husemannstraße 34 presents a unique investment opportunity, with prices of apartments in the property significantly below similar apartments in the area – presenting a strong capital gain potential, combined with secure and increasing yields.

Prenzlauer Berg together with adjacent Mitte were the first neighbourhoods to become high demand areas in what was once part of East Berlin.

During the last decade, attracted by the beautiful Altbau properties which in the turn of the 19th century housed many of Berlin’s affluent class, the neighbourhood experienced a true renaissance as German and International members of Berlin’s professional upper class made Prenzlauer Berg their home.

A vivacious cultural and leisure scene evolved further accelerating a process of gentrification in the area. The combination of central location, high quality education, an abundance of parks, and relatively large apartments, have turned Prenzlauer Berg into the hub of Berlin’s more affluent and trendy young generations.

The neighbourhood today has one of the youngest demographics in the city, and is especially sought after by young families.

Rental Demand

The increasingly high demand for properties in the area caused a upward trend in rental prices; within a radios of 500 meters from the property new rental contracts reach 10 – 12.5 EUR/SqM. According to the data published by CBRE, new leases in the area’s top rental segment stand at 15.2 EUR/SqM. The strong demand for apartments in the area creates a high level of security, ensuring future re-rental and very high potential increase in future yields.

Re-Sale

The market price for newly renovated vacant apartments in the immediate vicinity reach 4,000 EUR/SqM. Rented apartments in a radios of 500 meters from the property are marketed for 3,000 EUR/SqM. This gap reflects the substantial capital-gain potential of the investment.