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Bushwick Multi-Family Building For Sale 200 Eldert Street, Brooklyn, NY 11207

Prepared by: Richard DiPietro Licensed R.E. Salesperson Office: 718-921-3100 x107 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com Phone: (718)921-3100 Web: www.cbrcd.com

Coldwell Banker Reliable Commercial Division

7428 Fifth Avenue, Brooklyn, NY 11209

Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.


Table of Contents

Executive Summary____________________________________3 Property Details_______________________________________4 Financials____________________________________________5 Maps & Aerials________________________________________6 Traffic Count Report ___________________________________7 Demographic Market Comparison Report_______________8— 9 Demographic Summary Report__________________________10 Daytime Employment Report____________________________11 Consumer Spending Report_________________________12 —13 Contact Information___________________________________ 14 Confidentiality Statement______________________________ 15

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Executive Summary The Offering:

Executive Summary

Coldwell Banker Reliable Commercial Division is pleased to offer 200 Eldert Street for sale. A 3 story property, consisting of one studio, one 1 bedroom and two 3 bedroom rentals. Located in the Bushwick neighborhood of Brooklyn, NY.

Investment Highlights: 

Actual Financials: $85,533 Net Income / 7.1% Cap Rate



3 Stories / one studio, one 1 bedroom and two 3 bedrooms



Built in 1920, no certificate of occupancy, sold “As Is”. Seller will clear cash violations at closing and credit Purchaser for non cash violations.



2,700 SF building on a 2,000 SF lot, zoned R6



4 electric meters, 2 gas meters, basement utilized for storage.



6% commission paid by seller, 50% / 50% co-broke

The Property 200 Eldert Street, Brooklyn, NY 11207

Property Specifications Property Type: Building Size:

Multi-Family 2,700 SF / 20ft x 45ft

Lot Size:

2,000 SF / 26.67ft x 100ft

Year Built :

1920 (estimated)

Location Highlights:

Number of Stories:

3



Zoning:

R6





Close proximity to retailers, restaurants, groceries, schools, medical facilities, day cares, etc... Nearby public transportation includes: J & L Trains and the B26 Bus. Nearby properties selling for over $500 per SF.

Commercial Units Residential Units

0 4 (no C of O)

For Sale Price Sale Price:

$1,200,000

Per SF Price:

$444

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Property Overview Property Details Property Address 200 Eldert Street, Brooklyn NY 11207 Property Details Investment Highlights:

The Offering: Coldwell Banker Reliable Commercial Division is pleased to offer 200 Eldert Street for sale. A 3 story property, consisting of one studio, one 1 bedroom and two 3 bedroom rentals. Located in the Bushwick neighborhood of Brooklyn, NY.



Actual Financials: $85,533 Net Income / 7.1% Cap Rate



3 Stories / one studio, one 1 bedroom and two 3 bedrooms



Built in 1920, no certificate of occupancy, sold “As Is”. Seller will clear cash violations at closing and credit Purchaser for non cash violations.



2,700 SF building on a 2,000 SF lot, zoned R6



4 electric meters, 2 gas meters, basement utilized for storage.



6% commission paid by seller, 50% / 50% co-broke

Location Highlights: 

Close proximity to retailers, restaurants, groceries, schools, medical facilities, day cares, etc...



Nearby public transportation includes: J & L Trains and the B26 Bus.



Nearby properties selling for over $500 per SF.

For Sale Price $1,200,000 / $444 PSF Property Specifications Property Type: Building Size: Buildings on Lot Stories Zoning Lot Size Property Features Commercial Units Residential Units Location Information Cross Street: Metro Market: Submarket: County:

Multi-Family 2,700 SF / 20ft x 45ft 1 3 R6 2,000 SF / 20ft x 100ft 0 4 (no C of O) Central Avenue & Wilson Avenue Brooklyn Bushwick Kings

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Financials 200 Eldert St, Brooklyn, NY 11207 Projected Revenues and Expenses For the 10 Years Ending 2027 Year 1 Projected Income: Gross Revenue

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 8

Year 9

Year 10

$96,000 $98,880 $101,846 $104,902 $108,049 $111,290 $114,629 $118,068 $121,610 $125,258

Projected Expenses: Building Insurance Real estate taxes Water / Sewer Heating Total expense

2,400 1,635 2,784 3,648 10,467

2,448 1,668 2,840 3,721 10,676

2,497 1,701 2,896 3,795 10,890

2,547 1,735 2,954 3,871 11,108

2,598 1,770 3,013 3,949 11,330

2,650 1,805 3,074 4,028 11,556

2,703 1,841 3,135 4,108 11,788

2,757 1,878 3,198 4,190 12,023

2,812 1,916 3,262 4,274 12,264

2,868 1,954 3,327 4,360 12,509

Projected Net Income $85,533 $88,204 $90,957 $93,794 $96,719 $99,734 $102,841 $106,045 $109,346 $112,749 Investment Overview Asking Price

$1,200,000

Year 1 Capitalization Rate

7.1%

Price Per SF

$444

Net Income Multiple

14

Actual Rents 1st Floor Studio 1st Floor 1 Bedroom 2nd Floor 3 Bedroom 3rd Floor 3 Bedroom Total Monthly Rents

$1,300 $1,550 $2,200 $2,950 8,000

Assumptions to Financial Pro Forma The Financial Pro Forma depicts a ten (10) year cash flow projection. The projection is based upon actual rental rates with assumptions regarding the future occupancy of the building as well as current and future market conditions. The following assumptions were used in developing the Financial Pro Forma for the Property:  2% annual expense increases  3% annual revenue increases

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Property Overview Maps & Aerials

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Market Overview

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Contact Information

Contact Info For more information, please contact:

Richard DiPietro, Licensed R.E. Salesperson 7428 5th Ave. Brooklyn, NY, 11209 Phone: 347-809-5192 Fax: 1-347-809-5192 Mobile: 347-693-2995 Email: richard.dipietro@coldwellbanker.com

Coldwell Banker Reliable Commercial Division 7428 5th Ave Brooklyn, NY , 11209 Phone: 718-921-3100 Fax: 718-921-3110 Website: cbrcd.com

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


Confidentiality Statement

Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an indepth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbreliable.com

Coldwell Banker Reliable Commercial Division


200 Eldert Street Offering Memorandum