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97 North 7th Street

Is being offered at

$3,200,000

Peter Von Der Ahe

LISTING METRICS

Shaun Riney

3

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

TOTAL UNITS

$945

PRICE /SF

22.17' FRONTAGE

3,385

TOTAL SQUARE FEET

$3,927

PROJECTED TAXES

1,049'

AVAILABLE AIR RIGHTS

DELIVERED ENTIRELY VACANT


97 North 7th Street_

FINANCIAL OVERVIEW

$3,200,000

INCOME Gross Potential Residential Rent

PRO FORMA $141,600

OFFERING PRICE

Gross Potential Commercial Rent

$48,000

Gross Income

$189,600

Vacancy/Collection Loss

($4,248)

Other Income Effective Gross Income Average Residential Rent/Month/Unit

$0 $185,352 $5,900

EXPENSES Property Taxes

$3,927

PRICE PER SQUARE FOOT PRICE PER UNIT TOTAL SQUARE FEET TOTAL UNITS PRO FORMA CAP RATE PRO FORMA GRM

$945 $1,066,667 3,385 3 5.1% 16.9

LEASE STATUS ANALYSIS UNIT BREAKDOWN % OF TOTAL

Tax Class: 2A

Fuel

$5,162

Insurance

$1,275

AVG. RENT

Water and Sewer

$1,800

Total Units

--

$0

Repairs and Maintenance

$1,500

Total RS Units

0%

$0

Common Electric (PPSF)

$508

Total RC Units

0%

$0

Super Salary

$2,000

Total FM Units Total Commercial

100% --

$3,933 $0

Management Fee Total Expenses Net Operating Income

$7,414 $23,586 $161,766

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

19.0

5.1%

$945

PROFORMA GRM

PROFORMA CAP RATE

LISTING $/SF

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


97 North 7th Street_

RENT ROLL COMMERCIAL RENT UNIT TENANT NAME

NOTES

Commercial

Vacant | Below Grade

LEASE START

MONTHLY COMMERCIAL REVENUE

RESIDENTIAL RENT LEASE STATUS UNIT# 1st Floor 2nd Floor 3rd Floor

FM FM FM

NOTES 165 SF Extension | Current 1 Bedroom Washer/Dryer

SF

PRO FORMA

$/PSF

685

$4,000

$70

685

$4,000

BEDROOMS

ROOMS

SF

PRO FORMA

$/PSF

2 Bedroom 2 Bedroom 2 Bedroom

4 4 4

849 685 685

$4,400 $3,700 $3,700

$62 $65 $65

6

12

2,219

$11,800

MONTHLY RESIDENTIAL REVENUE ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE

$141,600 $48,000 PRO FORMA $189,600

TOTAL ANNUAL REVENUE

*All Units Will Be Delivered Vacant *All Units Have Backyard Access

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


97 North 7th Street_

PROPERTY DESCRIPTION CITY:

Brooklyni

STATE:

NYi

BLOCK & LOT:

2318 / 36i

LOT DIMENSIONS:

22.17 x 100i

LOT SF:

2,217i

BUILDING DIMENSIONS:

22.17 x 35i

BUILDING SF:

3,385i

ZONING:

R6Bi

MAX FAR:

2.00i

AVAILABLE AIR RIGHTS:

1,049i

LANDMARK DISTRICT:

Nonei

HISTORIC DISTRICT:

Nonei

ANNUAL TAX BILL:

__$3,927i

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


PROPERTY DESCRIPTION | EXTERIOR PHOTOS

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PROPERTY DESCRIPTION | PROPERTY PHOTOS FIRST FLOOR

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PROPERTY DESCRIPTION | PROPERTY PHOTOS SECOND FLOOR

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PROPERTY DESCRIPTION | PROPERTY PHOTOS THIRD FLOOR

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PROPERTY DESCRIPTION | PROPERTY PHOTOS C O M M E R C I A L S PA C E

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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

97 North 7th Street  
97 North 7th Street