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

RESIDENTIAL UNITS

COMMERCIAL UNITS

Tel: (718) 475-4358 michael.salvatico@mmreis.com Tel: (718) 475-4396 matthew.steinberg@mmreis.com

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

PRICE /SF

AVAILABLE AIR RIGHTS

CAP RATE

GRM

FRONTAGE

TOTAL SQUARE FEET


OFFERING PRICE

$4,350,000

$/SF $/UNIT

$967 $725,000

TOTAL SF

4,500

TOTAL UNITS

6

100%

RATIO OF

CURRENT METRICS

FAIR MARKET UNITS

CAP RATE

6%

PROPERTY TAXES

GRM

RATIO

PRO FORMA METRICS

$3,406

PRO FORMA

CAP RATE

AVERAGE MONTHLY

GRM

5.2% 16.0 5.4% 15.5

15%

CURRENT $154,842

PRO FORMA $163,500

Gross Potential Commercial Rent

$114,936

$114,936

Gross Income Vacancy/Collection Loss

$269,778 ($4,645)

$278,436 ($4,905)

Other Income

$1,440

$1,440

Effective Gross Income

$266,573

$274,971

Average Residential Rent/Month/Unit

$3,226

$3,406

EXPENSES $15,826

$15,826

Fuel - Gas

$3,201

$3,201

Insurance

$2,550

$2,550

Water and Sewer

$3,050

$3,050

UPSIDE ANALYSIS

Repairs and Maintenance

$3,000

$3,000

$3,500

Common Electric (PPSF)

$675

$675

$3,000

Super Salary

$2,400

$2,400

$2,500

Management Fee

$7,997

$8,249

$2,000

Total Expenses

$38,699

$38,951

Net Operating Income

$227,874

$236,020

RENT

EXPENSE RATIO

INCOME Gross Potential Residential Rent

$1,500

$1,000

Property Taxes

Tax Class: 2A

*Both Retail Tenants Pay 1/6 of Tax Increases Over Base of $14,136 and $15,826

$500

*Retail Pays Own Water and Sewer

$0

LEASE STATUS ANALYSIS Current Avg RS Units Market Rents Current Avg FM Rents

4,500

$967

GROSS TOTAL SF

$/SF

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

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

UNIT BREAKDOWN

% OF TOTAL

TOTAL

AVG. RENT

Total Units

--

4

$5,620

Total RS Units

0%

0

$0

Total RC Units

0%

0

$0

Total FM Units

100%

4

$3,226

Total Commercial

--

2

$4,789

TYPE

% OF TOTAL

TOTAL

AVG. RENT

Studio

0%

0

$0

1 Bedroom

0%

0

$0

2 Bedroom

100%

4

$3,226

3 Bedroom

0%

0

$0

4 Bedroom

0%

0

$0

5 Bedroom

0%

0

$0

6 Bedroom

0%

0

$0

SRO

0%

0

$0

UNIT TYPE ANALYSIS

Matthew Steinberg Tel: (718) 475-4396

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


COMME RCIAL RE NT UNIT TENANT NAME

NOTES

LEAS E S TART

3 % Annual Increases | 5 Y ear Renewal Option 3% Annual Increases |5 2 Lease Being Negotiated Y ear Renewal Option MONTHLY COMMERCIAL REVENUE 1

Hummus Market

RE S IDE NTIAL RE NT UNIT# LEAS E S TATUS 2L FM 2R FM 3L FM 3R FM MONTHLY RES IDENTIAL REVENUE

2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 8

Aug-20

$4,728

$4,728

$95

Feb-18

650

Feb-23

$4,850

$4,850

$90

$9,578

$9,578

ROOMS

Michael Salvatico Tel: (718) 475-4358

S F EXPIRATION

4 637 4 637 4 637 4 637 16 2,548

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

Shaun Riney Tel: (718) 475-4369

PRO FORMA $/PS F

600

1,250

BEDROOMS

ACTUAL

J ul-16

ANNUAL RES IDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

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

S F EXPIRATION

Matthew Steinberg Tel: (718) 475-4396

J ul-18 Aug-18 J ul-18 J un-18

Net Effective Rent

Collected Rent $/PS F

$3,300 $3,187 $3,300 $3,117 $12,904

$3,300 $3,325 $3,600 $3,400 $13,625

$154,842 $114,936

$163,500 $114,936

ACTUAL $269,778

PRO FORMA $278,436

$62 $63 $68 $64

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:

Brooklyni

STATE:

NYi

BLOCK & LOT:

2754 / 29i

LOT DIMENSIONS:

25 x 94i

LOT SF:

2,352i

BUILDING DIMENSIONS:

25 x 60i

BUILDING SF:

4,500i

ZONING:

C2-4/R6Ai

MAX FAR:

3.00i

AVAILABLE AIR RIGHTS:

2,556i

LANDMARK DISTRICT:

Nonei

HISTORIC DISTRICT:

None

ANNUAL TAX BILL:

__$15,826

TAX CLASS:

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

2Ai

Shaun Riney Tel: (718) 475-4369

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (718) 475-4396

Andrew Dansker Financing Inquiries: 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: (718) 475-4396

Andrew Dansker Financing Inquiries: 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: (718) 475-4396

Andrew Dansker Financing Inquiries: 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: (718) 475-4396

Andrew Dansker Financing Inquiries: 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: (718) 475-4396

Andrew Dansker Financing Inquiries: 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: (718) 475-4396

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

361 Graham Avenue  
361 Graham Avenue