Page 1

Tel: (212) 430-5114 pvonderahe@mmreis.com Tel: (212) 430-5147 jkoicim@mmreis.com

TOTAL UNITS

TOTAL SQUARE FEET

Tel: (212) 430-5185 david.lloyd@mmreis.com Tel: (212) 430-5138 daniel.handweiler@mmreis.com

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

PRICE /SF

PROJECTED TAXES

CAP RATE

GRM

FRONTAGE

TOTAL AIR RIGHTS


OFFERING PRICE

$9,600,000

$/SF $/UNIT

$1,043 $640,000

TOTAL SF

9,200

TOTAL UNITS

100%

RATIO OF FAIR MARKET UNITS

18%

PROPERTY TAXES RATIO

$3,058

PRO FORMA AVERAGE MONTHLY RENT

EXPENSE RATIO

15

CURRENT METRICS

CAP RATE

3.8%

GRM

18.2

CURRENT $442,200

PRO FORMA $477,072

Gross Potential Commercial Rent

$84,000

$84,000

Gross Income Vacancy/Collection Loss

$526,200 ($8,844)

$561,072 ($9,541)

Effective Gross Income

$517,356

$551,531

Average Residential Rent/Month/Unit

$2,835

$3,058

$95,573 $10,000 $7,500 $5,000 $5,000 $1,600 $7,200 $16,092 $147,965

$95,573 $10,000 $7,500 $5,000 $5,000 $1,600 $7,200 $16,546 $148,419

$369,391

$403,112

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

TOTAL 13 0 0 13 2

AVG. RENT $3,373 $0 $0 $2,835 $3,500

% OF TOTAL 0% 46% 54%

TOTAL 0 6 7

AVG. RENT $0 $2,442 $3,171

PRO FORMA METRICS

CAP RATE

4.2%

GRM CASH ON CASH

17.1 2.67%

UPSIDE ANALYSIS $4,000 $3,500 $3,000 $2,500

29%

INCOME Gross Potential Residential Rent

$2,000

EXPENSES Property Taxes Fuel - Gas Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Total Expenses

Tax Class: 2

Net Operating Income

$1,500 $1,000

$500 $0 1 Bedroom

2 Bedroom

Current Avg RS Units Market Rents Current Avg FM Rents

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

LEASE STATUS ANALYSIS

($280,438) 1.32 $122,674 $5,000,000 3.75% 30

UNIT BREAKDOWN Total Units Total RS Units Total RC Units Total FM Units Total Commercial UNIT TYPE ANALYSIS TYPE Studio 1 Bedroom 2 Bedroom

9,200

$1,043

GROSS TOTAL SF

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

$/SF

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

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


445 East 78th Street COMMERCIAL RENT UNIT

TENANT NAME

NOTES

LEASE START

Store 1 Mens Barbershop Store 2 Simba Locksmith MONTHLY COMMERCIAL REVENUE

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

NOTES

BEDROOMS

ROOMS

2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 1 Bedroom 2 Bedroom 20

4 3 3 4 3 3 4 4 3 4 4 3 4 46

Backyard Access Vacating in October 2018 Potential 2BR Conversion

Railroad

Railroad

ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site. There are 15 total units.

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

SF

EXPIRATION

ACTUAL

PRO FORMA

$/PSF

650 650 1,300

Oct-22 Oct-22

$3,500 $3,500 $7,000

$3,500 $3,500 $7,000

$65 $65

SF

EXPIRATION

ACTUAL

PRO FORMA

Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18 Mar-18

$3,500 $2,500 $1,750 $3,100 $2,600 $2,600 $3,200 $3,100 $2,600 $3,100 $3,100 $2,600 $3,100 $36,850

$3,640 $2,600 $2,600 $3,350 $2,704 $2,704 $3,350 $3,350 $2,704 $3,350 $3,350 $2,704 $3,350 $39,756

$442,200 $84,000

$477,072 $84,000

ACTUAL $526,200

PRO FORMA $561,072

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:

New Yorki

STATE:

NYi

BLOCK & LOT:

1473 / 20i

LOT DIMENSIONS:

25 ft X 102.17 fti

LOT SF:

2,554i

BUILDING DIMENSIONS:

25 ft X 75 fti

BUILDING SF:

9,200i

ZONING:

R8Bi

MAX FAR:

4.00i

AVAILABLE AIR RIGHTS:

1,016i

LANDMARK DISTRICT:

Nonei

HISTORIC DISTRICT:

Nonei

ANNUAL TAX BILL:

__$95,573i

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


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

445 East 78th Street  
445 East 78th Street