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179 Greenpoint Avenue

Is being offered at

Peter Von Der Ahe

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

Shaun Riney

Tel: (718) 475-4369 sriney@ipausa.com

Michael Salvatico

Tel: (718) 475-4358 michael.salvatico@mmreis.com

Matthew Steinberg

Tel: (516) 662-5142 matthew.steinberg@mmreis.com

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

$2,600,000 LISTING METRICS

3

TOTAL UNITS

$815

PRICE /SF

25'

FRONTAGE

3,192

TOTAL SQUARE FEET

$5,716

PROJECTED TAXES

1,808

ADDITIONAL AIR RIGHTS


179 Greenpoint Avenue_

FINANCIAL OVERVIEW INCOME Gross Potential Residential Rent

$2,600,000 OFFERING PRICE PRICE PER SQUARE FOOT

$815

PRICE PER UNIT TOTAL SQUARE FEET TOTAL UNITS PRO FORMA CAP RATE

$866,667 3,192 3 5.0%

PRO FORMA GRM

3,192 SQUARE FEET

16.6

$815

CURRENT $0

PRO FORMA $96,000

Gross Potential Commercial Rent

$0

$60,780

Gross Income

$0

$156,780

Vacancy/Collection Loss

$0

($2,880)

Effective Gross Income Average Residential Rent/Month/Unit

$0 $0

$153,900 $4,000

EXPENSES Property Taxes

$5,716

$5,716

Fuel

$4,868

$4,868

Insurance

$1,275

$1,275

Water and Sewer

$1,800

$1,800

Repairs and Maintenance

$1,500

$1,500

Common Electric (PPSF)

$479

Super Salary

$2,400

$2,400

Management Fee

$0

$6,156

Total Expenses Net Operating Income

$18,038 ($18,038)

16.6

$479

$24,194 $129,706

5.0%

GROSS TOTAL SF

$/SF

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

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

PROFORMA GRM

Matthew Steinberg Tel: (516) 662-5142

PROFORMA CAP RATE

Financing Inquiries:

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

Andrew Dansker Tel: (212) 430-5168


COMMERCIAL RENT UNIT TENANT NAME Commercial MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT UNIT# LEASE STATUS 2nd Floor FM 3rd Floor FM MONTHLY RESIDENTIAL REVENUE

NOTES

LEASE START

Vacant

SF

PRO FORMA

$/PSF

1,013 1,013

$5,065 $5,065

$60

NOTES

BEDROOMS

ROOMS

SF

PRO FORMA

$/PSF

Vacant Vacant

3 Bedroom 3 Bedroom 6

5 5 10

850 850 1,700

$4,000 $4,000 $8,000

$56 $56

ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

TOTAL ANNUAL REVENUE There are currently 3 vacant units in the building. The super lives off site. *There is 1,808 SF in Additional Air Rights

This information has been secured from sources we believe to be reliable, but we make no representationsorwarranties, expressed orimplied, as to the accuracy of the information. References to square footage orage are approximate. Buyermust verify the information and bears all risk for anyinaccuracies. Anyprojections, opinions, assumptionsorestimatesusedhereinare forexample purposes onlyanddo not representthe currentorfuture performanceof theproperty.Marcus &Millichap RealEstate Investment Services isaservice markofMarcus &MillichapRealEstateInvestment Services, Inc.©2017Marcus&Millichap

$96,000 $60,780 PRO FORMA $156,780


CITY: STATE: BLOCK & LOT: LOT DIMENSIONS: LOT SF: BUILDING DIMENSIONS: BUILDING SF: ZONING: MAX FAR: AVAILABLE AIR RIGHTS: ANNUAL TAX BILL: TAX CLASS:

Brooklyn NY 2559 / 44 25 x 100 2,500 25 x 40 | 16 x 12i 3,192 C2-4/R6B 2.00i 1,808 $5,716 1


179 Greenpoint Avenue_

C U R R E N T F L O O R P L A N S – 1 S T F L O O R W / YA R D & 1 S T F L O O R

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

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (516) 662-5142

Financing Inquiries:

Andrew Dansker Tel: (212) 430-5168


179 Greenpoint Avenue_

C U R R E N T F L O O R P L A N S – 2 ND & 3 RD F L O O R

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

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (516) 662-5142

Financing Inquiries:

Andrew Dansker Tel: (212) 430-5168


179 Greenpoint Avenue_

EXTERIORS

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

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (516) 662-5142

Financing Inquiries:

Andrew Dansker Tel: (212) 430-5168


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

Shaun Riney

Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (516) 662-5142

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

179 Greenpoint Avenue  
179 Greenpoint Avenue