Malplaquet Strasse Berlin

The property was built in 1900 and contains 38 apartments. The building has been extensively renovated including the painted facades, renewed lobby and stairwells, landscaping, and a modern Fern-Warme heating system.

Apartment sizes range between 30-135 SqM, with larger apartments especially popular with young families moving to the area. 10 of the apartments in the property have been renovated recently and will be leased with new tenants. Apartments in the front building enjoy balconies, and some of the ground

The property is located in Leopold Kietz – the best micro location in Wedding, part of Mitte district.

The Kietz (micro neighborhood in Berlin) is characterized by elegant Altbau buildings similar to those situated in Berlin’s most prestigious areas. The property is just several minutes walk form beautiful Schiller Park, and from the nearby U-Bahn stations – only 3 stops to the heart of Berlin – Mitte. Malplaquet street has undergone renovation works by the municipality in recent years, converting it to a pedestrians.

The area is rapidly being transformed by members of Berlin’s innovative class – particularly young families – attracted by the restaurants which are being opened.

Malplaquet 39 is located in Wedding neighborhood, one of 3 neighborhoods comprising Mitte district. Historically a working class area, this neighborhood is rapidly being transformed by the movement of new residents – members of Berlin’s.

Rising prices in the heart of Berlin, have facilitated a migration of residents from the now expensive Mitte to immediately.

This migration remains mainly within the ‘ring’ metro-line continue in coming years, repeating the urban transformation processes which occurred in north Neukölln and Friedrichshain in areas adjacent to Kreuzberg neighborhood.

New residents are attracted to the micro-location of Leopold Kietz due to it’s architectural appeal, central location, and competitive prices compared to those in adjacent Mitte neighborhood.

Rental Demand

The high demand for residential properties in the area are forecast to continue in the mid to long term, translating into strong rental security with low vacancy rates. The average rent within a radius of 500 meters from the property is between 7-10 EUR/SqM. Average rent in Malplaquet 39 is 6.2 EUR/SqM, which means new rental leases may afford a significant increase in rental yield.

Re-Sale

According to a recent survey by CBRE the average cost of apartments in the Malplaquet 39 micro area – Leopold Kietz (zip code 13347) – is 2,089 EUR/SqM. The average price of apartments in the adjacent neighborhood to the south (zip code 10115) is above 4,000 EUR/SqM, presenting a great capital gain potential as the price gap between the adjecent areas will close.