Private investor buys apartment building in Barmbek North

Deal | Hamburg-Barmbek-Nord

A private investor from Hamburg has purchased an apartment building in Barmbek North, paying its private owner an amount equivalent to 23.2 times the annual net rental income. Grossmann & Berger, a member of German Property Partners (GPP), brokered the sale of this apartment building.
This multi-family residence in Barmbek North was built in 1900 and stands between Rübenkamp and Fuhlsbüttler Strasse. The total living space of some 731 m² is divided into 14 apartments.

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