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Free Market mixed-use building, five blocks from the Seneca Avenue “M” train

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

TOTAL UNITS

TOTAL SQUARE FEET

Tel: (718) 475-4380 thomas.shihadeh@mmreis.com Tel: (718) 475-4352 andrew.reiter@marcusmillichap.com

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

PRICE /SF

DIMENSIONS (WITH AIR SHAFTS)

PROJECTED TAXES

PRO FORMA GRM


OFFERING PRICE

$2,300,000

$/SF $/UNIT

$444 $460,000

TOTAL SF

5,175

TOTAL UNITS

100%

5

RATIO OF

CURRENT METRICS

FAIR MARKET UNITS

CAP RATE

12%

PROPERTY TAXES

GRM

RATIO

PRO FORMA METRICS

$2,700

PRO FORMA

CAP RATE

AVERAGE MONTHLY

GRM

4.0% 17.7 5.7% 13.4

29%

CURRENT $88,800

PRO FORMA $129,600

Gross Potential Commercial Rent

$40,800

$42,024

Gross Income Vacancy/Collection Loss

$129,600 ($1,776)

$171,624 ($2,592)

Other Income

$0

$0

Effective Gross Income

$127,824

$169,032

Average Residential Rent/Month/Unit

$1,850

$2,700

EXPENSES $15,445

$15,445

Fuel

$6,469

$6,469

Insurance

$2,375

$2,375

Water and Sewer

$3,600

$3,600

UPSIDE ANALYSIS

Repairs and Maintenance

$2,500

$2,500

$3,000

Common Electric (PPSF)

$776

$776

$2,500

Super Salary

$1,800

$1,800

$2,000

Management Fee

$3,835

$5,071

$1,500

Total Expenses

$36,800

$38,036

$1,000

Net Operating Income

$91,024

$130,996

RENT

EXPENSE RATIO

INCOME Gross Potential Residential Rent

Property Taxes

Tax Class: 2A

$500

LEASE STATUS ANALYSIS

$0

Current Avg RS Units Market Rents Current Avg FM Rents

UNIT BREAKDOWN

% OF TOTAL

TOTAL

AVG. RENT

Total Units

--

4

$2,700

Total RS Units

0%

0

$0

Total RC Units

0%

0

$0

Total FM Units

100%

4

$1,850

Total Commercial

--

1

$3,400

TYPE

% OF TOTAL

TOTAL

AVG. RENT

Studio

0%

0

$0

1 Bedroom

0%

0

$0

2 Bedroom

0%

0

$0

3 Bedroom

100%

4

$1,850

4 Bedroom

0%

0

$0

5 Bedroom

0%

0

$0

6 Bedroom

0%

0

$0

SRO

0%

0

$0

UNIT TYPE ANALYSIS

5,175

$444

GROSS TOTAL SF

$/SF

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

Shaun Riney Tel: (718) 475-4369

Thomas Shihadeh Tel: (718) 475-4380

Andrew Reiter Tel: (718) 475-4352

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


COMME RCIAL RE NT UNIT TENANT NAME

LEAS E S TART

1st Floor Mobile Laundromat MONTHLY COMMERCIAL

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

J an-17 1,553 1,553

BEDROOMS 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 12

ROOMS

TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site. There are 5 total units.

Shaun Riney Tel: (718) 475-4369

Thomas Shihadeh Tel: (718) 475-4380

Andrew Reiter Tel: (718) 475-4352

J an-23

$3,400 $3,400

$3,502 $3,502

$27

S F EXPIRATION ACTUAL PRO FORMA $/PS F

5 775 5 775 5 775 5 775 20 3,100

ANNUAL RES IDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

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

S F EXPIRATION ACTUAL PRO FORMA $/PS F

MTM MTM MTM MTM

$1,800 $1,800 $1,800 $2,000 $7,400

$2,700 $2,700 $2,700 $2,700 $10,800

$88,800 $40,800

$129,600 $42,024

$42 $42 $42 $42

ACTUAL PRO FORMA $129,600 $171,624

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:

Queensi

STATE:

NYi

BLOCK & LOT:

3392 / 6i

LOT DIMENSIONS:

25 ft X 100 fti

LOT SF:

2,500i

BUILDING DIMENSIONS:

25 ft X 69 fti

BUILDING SF:

5,175i

ZONING:

R6Bi

MAX FAR:

2i

AVAILABLE AIR RIGHTS:

0i

LANDMARK DISTRICT:

NonNonei

HISTORIC DISTRICT:

Noneii

ANNUAL TAX BILL:

$15,445i

TAX CLASS:

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

2Ai

Shaun Riney Tel: (718) 475-4369

Thomas Shihadeh Tel: (718) 475-4380

Andrew Reiter Tel: (718) 475-4352

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


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

Shaun Riney

Tel: (718) 475-4369

Thomas Shihadeh Tel: (718) 475-4380

Andrew Reiter

Tel: (718) 475-4352

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

609 Woodward Avenue  
609 Woodward Avenue