Page 1

313 East 61st Street Is being offered at

Peter Von Der Ahe

$7,995,000 LISTING METRICS

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

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

David Lloyd Tel: (212) 430-5185 david.lloyd@mmreis.com

Danny Handweiler Tel: (212) 430-5138 daniel.handweiler@mmreis.com

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

22

TOTAL UNITS

10,500

TOTAL SQUARE FEET

$761

$135,346

3.2%

16.9

PRICE /SF

CAP RATE

27'

FRONTAGE

PROJECTED TAXES

GRM

2,295

TOTAL AIR RIGHTS


313 East 61st Street_

FINANCIAL OVERVIEW

$7,995,000 OFFERING PRICE PRICE PER SQUARE FOOT PRICE PER UNIT

$761 $363,409

TOTAL SQUARE FEET

10,500

INCOME Gross Potential Residential Rent Gross Potential Commercial Rent Gross Income

CURRENT $462,604 $24,000 $486,604

PRO FORMA $552,604 $24,000 $576,604

Vacancy/Collection Loss Other Income

($13,878) $0

($16,578) $0

Effective Gross Income

$472,726

$560,026

TOTAL UNITS CURRENT CAP RATE

22 3.2%

Average Residential Rent/Month/Unit

$1,752

$2,093

CURRENT GRM PRO FORMA CAP RATE

16.9 4.3%

EXPENSES Property Taxes

$135,346

$135,346

$15,000 $11,000 $5,321

$15,000 $11,000 $5,321

$16,500 $2,625 $5,000 $18,909 $7,000 $216,701 $256,025

$16,500 $2,625 $5,000 $22,401 $7,000 $220,193 $339,833

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

RENT $1,836 $0 $0 $0 $0 $0 $0 $0

PRO FORMA GRM PRO FORMA CASH ON CASH RETURN

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

14.3 3.32%

$4,000,000 3.13% 30 ($207,388) 1.23 $132,445

Fuel Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Elevator Contract Total Expenses Net Operating Income

UPSIDE ANALYSIS $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0

Studio

6 1 2 3 4 5 Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom

SRO

Current Avg RS Units Market Rents Current Avg FM Rents

10,500

$761

SCHEDULE OF INCOME UNIT BREAKDOWN Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Bedroom SRO

TOTAL 21 0 0 0 0 0 0 0

16.91

3.2%

SQUARE FEET

$/SF

GROSS TOTAL SF

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

Joe Koicim Tel: (212) 430-5147

David Lloyd Tel: (212) 430-5185

GRM

Danny Handweiler Tel: (212) 430-5138

CAP RATE

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


313 East 61st Street_

RENT ROLL COMMERCIAL RENT UNIT Store

TENANT NAME Isabella GrossmanWaisman MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT UNIT# LEASE STATUS 1B FM 2A RS 2B FM 2C FM 2D RS 3A RS 3B FM 3C FM 3D FM 4A RS 4B FM 4C RS 4D FM 5A FM 5B FM 5C FM 5D RS 6A FM 6B FM 6C FM 6D FM MONTHLY RESIDENTIAL REVENUE

NOTES

LEASE START

NOTES

BEDROOMS Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio 21

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

David Lloyd Tel: (212) 430-5185

Danny Handweiler Tel: (212) 430-5138

ROOMS 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 42

EXPIRATION Apr-18

EXPIRATION May-18 Nov-19 Mar-18 Sep-18 Sep-19 Sep-19 Jun-18 Nov-18 Mar-18 Dec-17 Oct-18 Feb-19 Jul-18 Jun-18 May-18 Apr-18 Feb-18 Apr-18 Jul-18 Oct-18 May-18

ACTUAL $2,000

PRO FORMA $2,000

$2,000

$2,000

ACTUAL $1,775 $1,129 $2,100 $1,925 $1,062 $844 $2,200 $1,875 $1,925 $1,847 $2,250 $1,247 $1,925 $2,300 $2,300 $1,925 $1,596 $2,250 $2,250 $1,900 $1,925 $38,550

PRO FORMA $2,600 $1,129 $2,600 $2,600 $1,062 $844 $2,600 $2,600 $2,600 $1,847 $2,600 $1,247 $2,600 $2,600 $2,600 $2,600 $1,596 $2,600 $2,600 $2,600 $1,925 $46,050

$24,000

$24,000

ACTUAL $486,604

PRO FORMA $576,604

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


313 East 61st Street_

PROPERTY DESCRIPTION CITY:

New Yorki

STATE:

NYi

BLOCK & LOT:

1436 / 9i

LOT DIMENSIONS:

27 x 100i

LOT SF:

2,700i

BUILDING DIMENSIONS:

27 x 74i

BUILDING SF:

10,500

ZONING:

R8Bi

MAX FAR:

4.00i

AVAILABLE AIR RIGHTS:

2,295i

LANDMARK DISTRICT:

None

HISTORIC DISTRICT:

None

ANNUAL TAX BILL:

__$135,346

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


313 East 61st Street_

EXTERIORS

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

www.newyorkmultifamily.com 212 430 5114

313 East 61st Street  
313 East 61st Street