Page 1

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

TOTAL UNITS

TOTAL SQUARE FEET

Tel: (718) 475-4357 daniel.greenblatt@mmreis.com Tel: (718) 475-4380 thomas.shihadeh@mmreis.com Tel: (718) 475-4374 william.grover@marcusmillichap.com Tel: (212) 430-5168 adansker@marcusmillichap.com

PRICE /SF

TOTAL TAX BILL

CAP RATE

GRM

FRONTAGE

TOTAL AIR RIGHTS


OFFERING PRICE

$8,550,000

$/SF $/UNIT

$612 $534,375

TOTAL SF

13,970

TOTAL UNITS

16

100%

RATIO OF

CURRENT METRICS

FAIR MARKET UNITS

CAP RATE

7%

PROPERTY TAXES

GRM

RATIO

PRO FORMA METRICS

$2,606

PRO FORMA

CAP RATE

AVERAGE MONTHLY

GRM

5.3% 15.6 5.3% 15.6

16%

CURRENT $469,020

PRO FORMA $469,020

Gross Potential Commercial Rent

$66,000

$67,980

Gross Income Vacancy/Collection Loss

$535,020 ($14,071)

$537,000 ($14,071)

Other Income

$11,949

$11,949

Effective Gross Income

$532,898

$534,878

Average Residential Rent/Month/Unit

$2,606

$2,606

EXPENSES Property Taxes

Tax Class: 2

$37,743

$37,743

Fuel

$0

$0

Insurance

$8,000

$8,000

Water and Sewer

$7,000

$7,000

UPSIDE ANALYSIS

Repairs and Maintenance

$8,000

$8,000

$3,500

Common Electric (PPSF)

$3,000

$3,000

$3,000

Super Salary

$3,600

$3,600

$2,500

Management Fee

$15,987

$16,046

$2,000

Total Expenses

$83,330

$83,389

Net Operating Income

$449,568

$451,489

LEASE STATUS ANALYSIS UNIT BREAKDOWN % OF TOTAL Total Units --

TOTAL 15

AVG. RENT $2,972

Total RS Units

0%

0

$0

Total RC Units

0%

0

$0

Total FM Units

100%

15

$2,606

Total Commercial

--

1

$5,500

RENT

EXPENSE RATIO

INCOME Gross Potential Residential Rent

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

Current Avg RS Units Market Rents Current Avg FM Rents

PROPOSED DEBT Debt Service

($332,172)

Debt Coverage Ratio

1.35

UNIT TYPE ANALYSIS

Net Debt Cash Flow After Debt Service

$119,317

TYPE

% OF TOTAL

TOTAL

AVG. RENT

Loan Amount

$5,850,000

Studio

0%

0

$0

Interest Rate

3.85%

1 Bedroom

0%

0

$0

Amortization

30

2 Bedroom

80%

12

$2,533

3 Bedroom

20%

3

$2,895

4 Bedroom

0%

0

$0

5 Bedroom

0%

0

$0

6 Bedroom

0%

0

$0

SRO

0%

0

$0

13,970

$612

GROSS TOTAL SF

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

$/SF

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


COMMERCIAL RENT UNIT

TENANT NAME

Retail

Natural Mini Market

NOTES 3% Escalations, 20% RE

EXPIRATION

ACTUAL

PRO FORMA

Apr-22

$5,500

$5,665

$5,500

$5,665

Taxes, 20% Water

MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT UNIT#

LEASE STATUS

1A

FM

1B

FM

1C

NOTES

BEDROOMS

ROOMS

ACTUAL

PRO FORMA

2 Bedroom

4

$2,225

$2,225

2 Bedroom

4

$2,450

$2,450

FM

2 Bedroom

4

$2,595

$2,595

1D

FM

2 Bedroom

4

$2,400

$2,400

2A

FM

2 Bedroom

4

$2,450

$2,450

2B

FM

2 Bedroom

4

$2,700

$2,700

2C

FM

2 Bedroom

4

$2,650

$2,650

2D

FM

3 Bedroom

5

$2,895

$2,895

2E

FM

2 Bedroom

4

$2,550

$2,550

2F

FM

3 Bedroom

5

$2,900

$2,900

3A

FM

3 Bedroom

5

$2,890

$2,890

3B

FM

2 Bedroom

4

$2,560

$2,560

3C

FM

2 Bedroom

4

$1,975

$1,975

3D

FM

2 Bedroom

4

$2,850

$2,850

3E

FM

2 Bedroom

4

$2,995

$2,995

33

63

$39,085

$39,085

ANNUAL RESIDENTIAL REVENUE

$469,020

$469,020

ANNUAL COMMERCIAL REVENUE

$66,000

$67,980

ACTUAL

PRO FORMA

$535,020

$537,000

Vacant

Private Terrace

MONTHLY RESIDENTIAL REVENUE

TOTAL ANNUAL REVENUE There is currently 1 vacant unit in the building. The super lives off site.

* Office Is On Ground Floor and Includes Storage in Basement.

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

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


CITY:

Brooklyni

STATE:

NYi

BLOCK & LOT:

1785 / 33i

LOT DIMENSIONS:

125 ft X 100 fti

LOT SF:

5,333i

BUILDING DIMENSIONS:

25 ft X 100 fti

BUILDING SF:

13,970i

ZONING:

R6Ai

MAX FAR:

3.00i

AVAILABLE AIR RIGHTS:

0i

LANDMARK DISTRICT:

None

HISTORIC DISTRICT:

None

ANNUAL TAX BILL:

$37,743

TAX CLASS:

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

2i

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


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

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


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

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


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

Shaun Riney Tel: (718) 475-4369

Dan Greenblatt Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover Tel: (718) 475-4374

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


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

Shaun Riney

Tel: (718) 475-4369

Dan Greenblatt

Tel: (718) 475-4357

Thomas Shihadeh Tel: (718) 475-4380

William Grover

Tel: (718) 475-4374

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

222 Kosciuszko Street  
222 Kosciuszko Street