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125 Madison Street Is being offered at

Peter Von Der Ahe

$4,950,000 LISTING METRICS

Tel: (212) 430-5114 pvonderahe@mmreis.com

Joe Koicim Tel: (212) 430-5147 jkoicim@mmreis.com

Corey Isdaner Tel: (212) 430-5162 corey.isdaner@mmreis.com

Logan Markley Tel: (212) 430-5194 logan.markley@mmreis.com

Jared Bernstein Tel: (646) 805 -1451 jared.bernstein@mmreis.com

Andrew Dansker | Financing Inquiries Tel: (212) 430-5168 adansker@marcusmillichap.com

16

TOTAL UNITS

$571 PRICE /SF

4.4

CAP RATE

25'

FRONTAGE

8,675

TOTAL SQUARE FEET

$31,571

PROJECTED TAXES

15.9

GRM


125 Madison Street_

FINANCIAL OVERVIEW OFFERING PRICE

$4,950,000

$/SF $/UNIT

$571 $309,375

TOTAL SF

8,675

TOTAL UNITS

13%

RATIO OF FAIR MARKET UNITS

10%

PROPERTY TAXES RATIO

$1,719

PRO FORMA AVERAGE MONTHLY RENT

EXPENSE RATIO

16

PRO FORMA $309,366

Gross Potential Commercial Rent

$26,400

$27,720

Gross Income Vacancy/Collection Loss

$307,810 ($8,442)

$337,086 ($9,281)

4.4%

Other Income- Storage Effective Gross Income

$3,720 $303,088

$3,720 $331,525

GRM

15.9

Average Residential Rent/Month/Unit

$1,563

$1,719

4.9%

EXPENSES $31,571 $12,000 $7,500 $8,000 $10,000 $2,169 $4,000 $12,124 $87,363

$31,571 $12,000 $7,500 $8,000 $10,000 $2,169 $4,000 $13,261 $88,501

$215,724

$243,024

PRO FORMA METRICS

CAP RATE GRM CASH ON CASH

14.5 3.67%

UPSIDE ANALYSIS

$3,500 $3,000 $2,500 $2,000 $1,000 $500 1 Bedroom

2 Bedroom

Current Avg RS Units Market Rents Current Avg FM Rents

PROPOSED DEBT Debt Service Debt Coverage Ratio Net Debt Cash Flow After Debt Service Loan Amount Interest Rate Amortization

8,675

Property Taxes Fuel - Gas Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Total Expenses

Tax Class: 2

Net Operating Income

$1,500

$0

*Note: MCI’s have not been filled for a new boiler. This will allow an investor to increase the rent roll $3,500

LEASE STATUS ANALYSIS

($167,707) 1.29 $75,317 $2,900,000 4.00% 30

UNIT BREAKDOWN Total Units Total RS Units Total RC Units Total FM Units Total Commercial

% OF TOTAL -87% 0% 13% --

TOTAL 15 13 0 2 1

AVG. RENT $1,710 $1,447 $0 $2,318 $2,200

UNIT TYPE ANALYSIS TYPE Studio 1 Bedroom 2 Bedroom

% OF TOTAL 0% 33% 67%

TOTAL 0 5 10

AVG. RENT $0 $1,575 $1,557

$571 $/SF

GROSS TOTAL SF

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

CURRENT $281,410

CAP RATE

CURRENT METRICS

$4,000

29%

INCOME Gross Potential Residential Rent

Joe Koicim Tel: (212) 430-5147

Corey Isdaner Tel: (212) 430-5162

Logan Markley Tel: (212) 430-5194

Jared Bernstein Tel: (646) 805 -1451

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 must verify 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 is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap


125 Madison Street_

RENT ROLL COMMERCIAL RENT UNIT TENANT NAME Store Northeast Lobster MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT UNIT# LEASE STATUS 1 FM 2 FM 3 RS 4 RS 5 RS 6 RS 7 RS 8 RS 9 RS 10 RS 11 RS 12 RS 13 RS 14 RS 15 RS MONTHLY RESIDENTIAL REVENUE

NOTES

LEASE START

SF

EXPIRATION

ACTUAL

PRO FORMA

Nov-17

700 700

Nov-23

$2,200 $2,200

$2,310 $2,310

BEDROOMS

ROOMS

SF

EXPIRATION

ACTUAL

PRO FORMA

2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 25

4 4 3 4 4 3 4 4 3 4 4 3 4 4 3 55

May-18 Nov-19 May-19 Mar-20 May-19 Oct-18 Oct-18 May-19 Feb-19 May-19 Mar-18 Feb-19 May-20 May-17 Feb-19

$2,385 $2,250 $1,249 $1,699 $1,478 $1,277 $1,266 $1,364 $1,642 $1,200 $1,274 $1,708 $1,292 $1,365 $2,000 $23,451

$3,400 $3,400 $1,249 $1,699 $1,478 $1,293 $1,281 $1,364 $1,663 $1,200 $1,290 $1,730 $1,292 $1,365 $2,025 $25,730

$281,410 $26,400

$308,763 $27,720

ACTUAL $307,810

PRO FORMA $336,483

5% Annual Increases

NOTES

SCRIE

ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site.

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

Joe Koicim Tel: (212) 430-5147

Corey Isdaner Tel: (212) 430-5162

Logan Markley Tel: (212) 430-5194

Jared Bernstein Tel: (646) 805 -1451

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 must verify 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 is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap


125 Madison Street_

PROPERTY DESCRIPTION CITY:

New Yorki

STATE:

NYi

BLOCK & LOT:

275 / 1i

LOT DIMENSIONS:

25.42 ft X 100.17 fti

LOT SF:

1,779i

BUILDING DIMENSIONS:

25 ft X 86 fti

BUILDING SF:

8,675i

ZONING:

R7-2i

MAX FAR:

3.44i

AVAILABLE AIR RIGHTS:

0i

LANDMARK DISTRICT:

Nonei

HISTORIC DISTRICT:

Nonei

ANNUAL TAX BILL:

__$25,560i

TAX CLASS:

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

2i

Joe Koicim Tel: (212) 430-5147

Corey Isdaner Tel: (212) 430-5162

Logan Markley Tel: (212) 430-5194

Jared Bernstein Tel: (646) 805 -1451

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


125 Madison Street_

EXTERIORS

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

Joe Koicim Tel: (212) 430-5147

Corey Isdaner Tel: (212) 430-5162

Logan Markley Tel: (212) 430-5194

Jared Bernstein Tel: (646) 805 -1451

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


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

Joe Koicim

Tel: (212) 430-5147

Corey Isdaner

Tel: (212) 430-5162

Logan Markley

Tel: (212) 430-5194

Jared Bernstein Tel: (646) 805 -1451 Financing Andrew Dansker Inquiries: Tel: (212) 430-5168

www.newyorkmultifamily.com 212 430 5114

125 Madison Street  
125 Madison Street