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438 Union 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: (718) 475-4396 matthew.steinberg@mmreis.com

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

$3,400,000 LISTING METRICS

2,679’

LOT SQUARE FOOTAGE

$368

PRICE /BSF

R7A/ C2-4 ZONING

$9,617

PROJECTED TAXES

25’

FRONTAGE

*Building Delivered Vacant

9,243’

TOTAL BSF


438 Union Avenue_

DEVELOPMENT PRICING $3,400,000

LISTING PRICE PRICE/ BSF

$368

Property Taxes Zoning Block/ Lot Lot Dimensions Lot Area, Square Feet

$9,617 R7A/C2-4 2761/5 25' x 107.17' 2,679

Additional Air Rights Max FAR, Commercial Max FAR, Residential

5,493 2.00 3.45

Buildable SF As of Right

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

Shaun Riney Tel: (718) 475-4369

9,243

Michael Salvatico Tel: (718) 475-4358

Matthew Steinberg Tel: (718) 475-4396

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. Š 2017 Marcus & Millichap

Andrew Dansker Tel: (212) 430-5168


438 Union Avenue_

PROJECTED RENT ROLL FOR NEW BUILDING COMMERCIAL RENT UNIT TENANT NAME

NOTES

1F

1,250 SF of additional basement space

Retail

SF

MONTHLY COMMERCIAL REVENUE RESIDENTIAL RENT UNIT# LEASE STATUS NOTES

BEDROOMS

1R FM Conv. 2 or 3 BR 2F FM Conv. 2 BR 2R w/ Potential Terrace FM 3F FM Conv. 2 BR Conv. 2 BR 3R FM MONTHLY RESIDENTIAL REVENUE

743

$5,500

$5,500

743

$5,500

$5,500

SF

1 Bedroom 743 1 Bedroom 531 1 Bedroom 531 1 Bedroom 531 1 Bedroom 531 5 2,867

ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

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

ACTUAL PRO FORMA $/PSF $89

ACTUAL PRO FORMA $/PSF $3,500 $2,800 $2,800 $2,800 $2,800 $14,700

$3,500 $2,800 $2,800 $2,800 $2,800 $14,700

$176,400 $66,000

$176,400 $66,000

$57 $63 $63 $63

ACTUAL PRO FORMA $242,400 $242,400

*The above rent roll is a projection based on renovating the existing building *The projected rents take into account a 15% common area loss factor. *The existing Property is approximately 4,200 SF that will be delivered vacant. *There are an additional 5,043 buildable SF available (9,243 Buildable SF Total) *Existing Building Ground Floor is built 25' x 70'. Upper Floors are built 25' x 50'.

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 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


438 Union Avenue_

PROPERTY DESCRIPTION CITY:

Brooklyni

STATE:

NYi

BLOCK & LOT:

2761 / 5i

LOT DIMENSIONS:

25' x 107.17'i

LOT SF:

2,679i

BUILDING DIMENSIONS:

25' x 50'i

BUILDING SF:

4,200

ZONING:

R7A/C2-4i

MAX FAR:

3.45i

AVAILABLE AIR RIGHTS:

5,493i

TOTAL BUILDABLE SF:

9,243

HISTORIC DISTRICT:

Nonei

ANNUAL TAX BILL:

__$9,617i

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

Financing Inquiries:

Andrew Dansker Tel: (212) 430-5168


438 Union 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: (718) 475-4396

Financing Inquiries:

Andrew Dansker Tel: (212) 430-5168


438 Union 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: (718) 475-4396

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: (718) 475-4396

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

www.newyorkmultifamily.com 212 430 5114

438 Union Avenue  
438 Union Avenue