Page 1

Tel: (212) 430-5114 pvonderahe@mmreis.com Tel: (212) 430-5147 jkoicim@mmreis.com

TOTAL UNITS

TOTAL SQUARE FEET

Tel: (212) 430-5185 david.lloyd@mmreis.com Tel: (212) 430-5138 daniel.handweiler@mmreis.com

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

PRICE /SF

PROJECTED TAXES

CAP RATE

GRM

FRONTAGE

TOTAL AIR RIGHTS


OFFERING PRICE

$6,950,000

$/SF $/UNIT TOTAL SF

$838 $386,111 8,290

TOTAL UNITS

18

100%

RATIO OF

CURRENT METRICS

FAIR MARKET UNITS

32%

PROPERTY TAXES

CAP RATE GRM

RATIO

$2,004

3.2% 15.3

PRO FORMA METRICS

PRO FORMA AVERAGE MONTHLY RENT

EXPENSE RATIO

CAP RATE GRM CASH ON CASH

3.9% 13.7 2.66%

UPSIDE ANALYSIS $3,000 $2,500 $2,000

50%

$1,500 $1,000 $500 $0

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

($168,263) 1.33 $105,260 $3,000,000 3.75% 30

INCOME Gross Potential Residential Rent Gross Potential Commercial Rent

CURRENT $331,800 $122,601

PRO FORMA $384,720 $122,601

Gross Income Vacancy/Collection Loss Effective Gross Income Average Residential Rent/Month/Unit

$454,401 ($6,636) $447,765 $1,728

$507,321 ($7,694) $499,626 $2,004

EXPENSES Property Taxes Fuel Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Elevator Contract Legal & Miscellaneous SCRIE/DRIE Other Total Expenses Net Operating Income

$142,246 $20,800 $8,100 $14,400 $13,500 $2,073 $5,000 $17,911 N/A N/A N/A N/A $224,029 $223,736

$142,246 $20,800 $8,100 $14,400 $13,500 $2,073 $5,000 $19,985 N/A N/A N/A N/A $226,104 $273,523

% OF TOTAL -0% 0% 100% --

TOTAL 16 0 0 16 2

AVG. RENT $2,367 $0 $0 $1,728 $5,108

% OF TOTAL 88% 13%

TOTAL 14 2

AVG. RENT $1,600 $2,625

LEASE STATUS ANALYSIS UNIT BREAKDOWN Total Units Total RS Units Total RC Units Total FM Units Total Commercial UNIT TYPE ANALYSIS TYPE Studio 1 Bedroom

8,290

$838

GROSS TOTAL SF

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

Tax Class: 2

$/SF

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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. © 2017 Marcus & Millichap


COMMERCIAL RENT UNIT

TENANT NAME

Store 1 Arkar, Inc. Store 2 Qingjuan Dong MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT UNIT# LEASE STATUS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 PHN

FM FM FM FM FM FM FM FM FM FM FM FM FM FM FM

PHS

FM

NOTES

LEASE START

EXPIRATION

ACTUAL

PRO FORMA

Oct-18 Jan-25

$5,000 $5,217 $10,217

$5,000 $5,217 $10,217

0

NOTES

Duplex with Roof Deck & 2 Bathrooms Duplex with Roof Deck & 1.5 Bathrooms; Vacant Projected Rent

MONTHLY RESIDENTIAL REVENUE

BEDROOMS

ROOMS

EXPIRATION

ACTUAL

PRO FORMA

Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio 1 Bedroom

2 2 2 2 2 2 2 2 2 2 2 2 2 2 3

May-18 Apr-18 May-18 Jul-18 Mar-18 Feb-18 Jun-18 Apr-18 Oct-17 Mar-18 Dec-17 May-18 Oct-17 Nov-17 Sep-17

$1,675 $1,700 $1,650 $1,650 $1,550 $1,650 $1,675 $1,500 $1,450 $1,575 $1,575 $1,600 $1,550 $1,600 $2,450

$1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $1,900 $2,548

1 Bedroom

3

Sep-17

$2,800

$2,912

16

34

$27,650

$32,060

$331,800 $122,601

$384,720 $122,601

ACTUAL $454,401

PRO FORMA $507,321

ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

TOTAL ANNUAL REVENUE There are currently 2 vacant units in the building. The super lives off site.

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

SF

Owner Occupied; Delivered Vacant - Projected Rent

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

SF

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. © 2017 Marcus & Millichap


CITY:

New Yorki

STATE:

NYi

BLOCK & LOT:

1564 / 24i

LOT DIMENSIONS:

26 x 75i

LOT SF:

1,950i

BUILDING DIMENSIONS:

26 x 66i

BUILDING SF:

8,290i

ZONING:

R10,New Yorki

MAX FAR:

10.00i

AVAILABLE AIR RIGHTS:

11,210i

LANDMARK DISTRICT:

Nonei

HISTORIC DISTRICT:

Nonei

ANNUAL TAX BILL:

__$142,246

TAX CLASS:

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

2i

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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


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

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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


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

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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


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

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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


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

Joe Koicim

Tel: (212) 430-5147

David Lloyd

Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

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

1597 York Avenue  
1597 York Avenue