Page 1

Tel: (212) 430-5114 pvonderahe@mmreis.com Tel: (718) 475-4369 sriney@ipausa.com

TOTAL UN IT S

TOTAL SQUAR E FEET

Tel: (212) 430-5136 seth.glasser@mmreis.com Tel: (718) 475-4357 daniel.greenblatt@mmreis.com

Tel: (212) 430-5168 adansker@marcusmillichap.com

PR ICE /SF

PROJECT E D T AXES

CAP RATE

GR M

FR ON T AGE


OFFERING PRICE

$6,650,000

$/SF $/UNIT

$384 $391,176

TOTAL SF

17,320

TOTAL UNITS

17

53%

RATIO OF

CURRENT METRICS

FAIR MARKET UNITS

CAP RATE

14%

PROPERTY TAXES

GRM

RATIO

PRO FORMA METRICS

$2,148

PRO FORMA

CAP RATE

AVERAGE MONTHLY

GRM

RENT

CASH ON CASH

EXPENSE RATIO

4.3% 15.7 4.5% 15.2

CURRENT $424,211

PRO FORMA $438,215

Gross Potential Commercial Rent

$0

$0

Gross Income Vacancy/Collection Loss

$424,211 ($12,726)

$438,215 ($13,146)

Other Income

$0

$0

Effective Gross Income

$411,485

$425,069

Average Residential Rent/Month/Unit

$2,079

$2,148

EXPENSES $56,424

$56,424

Fuel - Gas

$20,784

$20,784

Insurance

$7,225

$7,225

Water and Sewer

$15,300

$15,300

UPSIDE ANALYSIS

Repairs and Maintenance

$8,500

$8,500

$4,000

Common Electric (PPSF)

$2,598

$2,598

$3,500

Super Salary

$4,800

$4,800

$3,000

Management Fee

$12,345

$12,752

Elevator Contract

N/A

N/A

$1,500

Legal & Miscellaneous

N/A

N/A

$1,000

SCRIE/DRIE

($3,885)

($3,885)

Other

N/A

N/A

Total Expenses

$124,090

$124,498

Net Operating Income

$287,395

$300,571

2.56%

$2,500

30%

INCOME Gross Potential Residential Rent

$2,000

$500 $0

Current Avg RS Units Market Rents Current Avg FM Rents

Property Taxes

Tax Class: 2

LEASE STATUS ANALYSIS

PROPOSED DEBT

UNIT BREAKDOWN

% OF TOTAL

TOTAL

AVG. RENT

Total Units

--

17

$2,079

Debt Service

($242,995)

Total RS Units

47%

8

$977

Debt Coverage Ratio

1.18

Total RC Units

0%

0

$0

Net Debt Cash Flow After Debt Service

$57,576

Total FM Units

53%

9

$3,059

Loan Amount

$4,400,000

Total Commercial

--

0

$0

Interest Rate

3.63%

Amortization

30

TYPE

% OF TOTAL

TOTAL

AVG. RENT

Studio

0%

0

$0

1 Bedroom

12%

2

$1,857

2 Bedroom

29%

5

$2,425

$384

3 Bedroom

59%

10

$1,951

4 Bedroom

0%

0

$0

$/SF

5 Bedroom

0%

0

$0

6 Bedroom SRO

0% 0%

0 0

$0 $0

17,320 GROSS TOTAL SF

Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

UNIT TYPE ANALYSIS

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer mustverify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services isa service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap


RESIDENTIAL RENT UNIT#

LEASE STATUS

1A

FM

1B

FM

1C

FM

1D 1E 2A 2B

NOTES

BEDROOMS

ROOMS

SF

1 Bedroom

3

800

$2,800

$2,800

$42

Vacant/Duplex

2 Bedroom

4

1,304

$3,300

$3,300

$30

Vacant/Duplex

2 Bedroom

4

1,304

$3,300

$3,300

$30

RS

SCRIE

1 Bedroom

3

975

$915

$915

$11

FM

Vacant/Duplex

2 Bedroom

4

1,304

$3,300

$3,300

$30

RS

3 Bedroom

5

975

$1,319

$1,319

$16

RS

2 Bedroom

4

775

$925

$925

$14

2C

RS

3 Bedroom

5

975

$679

$679

$8

2D

FM

3 Bedroom

5

975

$3,100

$3,200

$39

3A

RS

3 Bedroom

5

975

$1,329

$1,329

$16

3B

FM

3 Bedroom

5

775

$2,900

$3,200

$50

3C

RS

3 Bedroom

5

975

$679

$679

$8

3D

RS

3 Bedroom

5

975

$671

$671

$8

4A

FM

3 Bedroom

5

975

$2,800

$3,200

$39

4B

RS

2 Bedroom

4

775

$1,301

$1,301

$20

4C

FM

3 Bedroom

5

975

$3,000

$3,200

$39

4D

FM

3 Bedroom

5

975

$3,033

$3,200

$39

42

76

16,787

$35,351

$36,518

$424,211

$438,215

MONTHLY RESIDENTIAL REVENUE ANNUAL RESIDENTIAL REVENUE

ACTUAL PRO FORMA $/PSF

ACTUAL PRO FORMA TOTAL ANNUAL REVENUE

$424,211

$438,215

There are currently 3 vacant units in the building. The super lives off site. *Duplexed Units 1B, 1C and 1E are Currently Under Renovation

Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer mustverify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services isa service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap


CITY:

Brooklyni

STATE:

NYi

BLOCK & LOT:

1243 / 68i

LOT DIMENSIONS:

50 x 115i

LOT SF:

5,750i

BUILDING DIMENSIONS:

50 x 95i

BUILDING SF:

17,320i

ZONING:

R6i

MAX FAR:

3.30i

HISTORIC DISTRICT:

Crown Heights North IIIi

ANNUAL TAX BILL:

__$56,424i

TAX CLASS:

Peter Von Der Ahe Tel: (212) 430-5114

2i

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney Tel: (718) 475-4369

Seth Glasser Tel: (212) 430-5136

Dan Greenblatt Tel: (718) 475-4357

Andrew Dansker Financing Inquiries: Tel: (212) 430-5168


Peter Von Der Ahe Tel: (212) 430-5114

Shaun Riney

Tel: (718) 475-4369

Seth Glasser

Tel: (212) 430-5136

Dan Greenblatt

Tel: (718) 475-4357

Financing Andrew Dansker Inquiries: Tel: (212) 430-5168

1043 Sterling Place  
1043 Sterling Place