10 5 9321 9 Manhattan Valley
969 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
10
5
Units
Stories
9,321
Gross SF
9
Manhattan Valley
Free Market Units
Location
Ariel Property Advisors presents 969 Columbus Avenue, a mixed-us walk-up building located in the Upper West Side neighborhood of Manhattan. Offering a strong and stable cash flow to investors, the asset is well-positioned to take advantage of the area’s local institutions and its continued growth. 969 Columbus Avenue is a 25’ wide, five (5) story mixed-use walk-up building located on the east side of Columbus Avenue between West 107th Street and West 108th Street. 969 Columbus Avenue contains nine (9) residential units and one (1) commercial space. The property has a unit mix of five (5) three-bedroom units and four (4) two-bedroom units. The buildings nine residential units all earn free market rents. Tenancy pays for all electricity and heating with individual boilers installed on each floor. 969 Columbus Avenue enjoys easy access to Manhattan and outer borough locations via the B and C trains at 110th and Central Park West and the 1 train at 103rd and Broadway. The property benefits greatly from its close proximity to Central Park, Morningside Park and Columbia University. With its turn-key condition and strong in-place free market rents with potential upside, 969 Columbus Avenue presents investors with the opportunity to own an asset in a rapidly appreciating section of the Upper West Side.
Property Information Block / Lot Stories Total Number of Units Zoning (FAR) Lot Dimensions Lot Size Building Dimensions Building Size Air Rights Taxes (16/17)
1843 / 64 5 10 (1 Commercial) R8B / C1-5 (4.0) 25' x 100' 2,500 25' x 86' 9,321 679 $89,708
???? Sq. Ft. (Approx.) Sq. Ft. (Approx.)
asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Shimon Shkury x11 [email protected]
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected]
For Financing Info Paul McCormick x45 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. July 21, 2016 4:40 PM
EDGE
B D W 155 ST
AUDUBON TERRACE
Bx
C 155 ST
969 Columbus Avenue, New York, NY 10025
6
98
HOLA ST NIC
B D
ST NICHOLAS Legal/Miscellaneous PARK
100 101 11
Management W 129 ST
Expenses
CLARENONT AV
BROADWAY
D
$139,338
Bx
60 15
2 3
100 101
DR MARTIN LUTHER KI
STUDIO MUSEUM IN HARLEM
W 122 ST 11 60
AMSTERDAM AV
2 3
W 116 ST
W 116 ST
AV
DR SIDE
116 St
AS
B C
OL
116 St
2
7
NING
116
MOR
Cathedral Pkwy (110 St)
B C
4
Subject Property
7 116
60 116
CH
1
RIVERSIDE PARK
NI
3
OLAS AV
ST
CATHEDRAL OF ST JOHN THE DIVINE
ST NICH
3
MORNINGSIDE PARK
Cathedral Pkwy (110 St)
W 112 ST
Central Park North (110 St)
2 3 2
CENTRAL PARKDANA DISCOV CENTRAL NORTH HARLE LASKER RINK
DUKE ELINGTON BLVD W 106 ST
W 105 ST
1
B C 103 ST
W 103 ST
103 ST 7
104
11
7
10
11
asking Price: $8,500,000
96 106
W 96 ST
96 ST
1
B C 96 ST
2
3
AMSTERDAM AV
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected] W 91 ST
CENTRAL PARK
For Financing Info
COLUMBUS AV
BROADWAY
For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc WESTEND AV
96 106
W 97 ST
W 97 ST
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
NORT MEADOW
W 100 ST
Paul McCormick x45 [email protected]
CENTRAL PARK WEST
RIVERSIDE DR
Block
W 101 ST
MEE
MUSEO BARR MUSEUO OF T CITY OF NEW Y
W 104 ST W 103 ST
W 130 S
125 ST
10
1
BROADWAY
$12,675
Bx
W 113 ST
Shimon Shkury x11 [email protected]
135 ST
60 15
116 St Columbia University
Lot
B
3
$4,225
APOLLO THEATRE
B D 125 ST
BLV
60
5
W 135 ST
100 101
COLUMBIA UNIVERSITY W 116 ST
A C
104
ING
W 137 ST
$5,200 2 3
HARLEM Gross Operating
W 120 ST Location Map
East side of Columbus Avenue between West 107th Street and West 108th Street
W 131 ST
104 Bx
15 MAR 15 TIN LUT H
4 104
3D Map / Tax Map
$4,800
WESLEY WILLIAMS PL
33
Payroll
ER K
GRANT’S TOMB
Repairs
W 139 ST
SCHOMBURG CENTRE $3,600
B C Bx
1
5
Cleaning & 135 Maintenance ST
CITY COLLEGE
125 ST
5
$3,299
W 139 ST
MT MORRIS PARK W
$133,800 $229,773 5 $72,000
Electric
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
Pro Forma Annual Income W 135 ST $144,000 $239,940 $72,000
Annual Income
$1,131
102 7
LENOX AV
CONVENT AV
PL
1
137 ST CITY COLLEGE
Fuel (Indivudually Metered)
FREDERICK DOUGLASS BLVD
Pro Forma Monthly Income $12,000 $19,995 $6,000 $37,995 $455,940
$6,600 2
10
100 101
ILTO N
RIVERBANK STATE PARK
Insurance
% of SGI Cap Rate
5
4
DR
64 1843
145 ST $8,100
MANHATTAN AV
32% 11 3.33%
MORNINGSIDE AV
$11,150 $19,148 $6,000 $36,298 $435,573
19
3
Water & Sewer
HAM
$2,788 $3,830 $6,000
Bx
$89,708
W 143 ST
RIVERSIDE DR
Monthly Income
W 146 ST
OLAS AV
2 4 3 5 Comm. 1 Total Monthly Income: Total Annual Income:
AVG / Rent/Unit
1
Real Estate Taxes (16/17) W 145 ST
W 145 ST
Bx
W 137 ST
# Of Units
FREDERICK DOUGLASS BLVD
AMSTERDAM AV
1
11 19
Schedule Income # Of BedRooms
DR
145 ST Bx
7 102
EXPENSES: (ESTIMATED)
A C
19
3
W 147 ST
ST NICH
$435,573 ($13,067) $422,506 ($139,338) $283,167
Harlem 148 St
W 150 ST
ER RIV
Current Roll
EM RL
3
W 147 ST
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
HA
W 150 ST
JACKIE ROBINSON PARK
S AV
BROADWAY
Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
Scheduled Gross Income: Less Vacancy Rate Reserve (3.0%): Gross Operating Income: Less Expenses: Net Operating Income:
M G CO ID MA M BR DA
2
BRADHURST AV
E DR
6
EDGECOMBE AV
SID RIVER
1 W 157 ST 157 ST
Bx
RESERVOIR
JEWISH MU
COOPER MUS
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, 104 all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospectiveNATIONAL AC investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of MUSEUM income, and all other information contained herein. July 21, 2016 4:40 PM
GUGG
969 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
Rent Roll Apt
Status
1A FM 2A FM 2B FM 3A FM 3B FM 4A FM 4B FM 5A FM 5B FM ST1 Comm Gross Monthly Rent Adjusted Gross Annual Rent Number of Units
# of Rooms
Actual / Projected
Monthly Rent
Pro Forma Rent
Lease Expiration
3 2 3 2 3 2 3 2 3 -
Actual Actual Actual Actual Projected Actual Actual Actual Actual Projected
$3,995 $2,625 $3,850 $2,850 $3,813 $2,800 $3,595 $2,875 $3,895 $6,000 $36,298 $435,573 10
$3,995 $3,000 $4,000 $3,000 $4,000 $3,000 $4,000 $3,000 $4,000 $6,000 $37,995 $455,940
9/30/2016 12/31/2016 3/31/2017 8/31/2016 8/31/2016 2/28/2017 8/31/2016 8/31/2016 -
asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Shimon Shkury x11 [email protected]
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected]
For Financing Info Paul McCormick x45 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. July 21, 2016 4:40 PM
10
5
Units
Stories
9,321
Gross SF
9
Manhattan Valley
Free Market Units
Location
Ariel Property Advisors presents 969 Columbus Avenue, a mixed-us walk-up building located in the Upper West Side neighborhood of Manhattan. Offering a strong and stable cash flow to investors, the asset is well-positioned to take advantage of the area’s local institutions and its continued growth. 969 Columbus Avenue is a 25’ wide, five (5) story mixed-use walk-up building located on the east side of Columbus Avenue between West 107th Street and West 108th Street. 969 Columbus Avenue contains nine (9) residential units and one (1) commercial space. The property has a unit mix of five (5) three-bedroom units and four (4) two-bedroom units. The buildings nine residential units all earn free market rents. Tenancy pays for all electricity and heating with individual boilers installed on each floor. 969 Columbus Avenue enjoys easy access to Manhattan and outer borough locations via the B and C trains at 110th and Central Park West and the 1 train at 103rd and Broadway. The property benefits greatly from its close proximity to Central Park, Morningside Park and Columbia University. With its turn-key condition and strong in-place free market rents with potential upside, 969 Columbus Avenue presents investors with the opportunity to own an asset in a rapidly appreciating section of the Upper West Side.
Property Information Block / Lot Stories Total Number of Units Zoning (FAR) Lot Dimensions Lot Size Building Dimensions Building Size Air Rights Taxes (16/17)
1843 / 64 5 10 (1 Commercial) R8B / C1-5 (4.0) 25' x 100' 2,500 25' x 86' 9,321 679 $89,708
???? Sq. Ft. (Approx.) Sq. Ft. (Approx.)
asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Shimon Shkury x11 [email protected]
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected]
For Financing Info Paul McCormick x45 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. July 21, 2016 4:40 PM
EDGE
B D W 155 ST
AUDUBON TERRACE
Bx
C 155 ST
969 Columbus Avenue, New York, NY 10025
6
98
HOLA ST NIC
B D
ST NICHOLAS Legal/Miscellaneous PARK
100 101 11
Management W 129 ST
Expenses
CLARENONT AV
BROADWAY
D
$139,338
Bx
60 15
2 3
100 101
DR MARTIN LUTHER KI
STUDIO MUSEUM IN HARLEM
W 122 ST 11 60
AMSTERDAM AV
2 3
W 116 ST
W 116 ST
AV
DR SIDE
116 St
AS
B C
OL
116 St
2
7
NING
116
MOR
Cathedral Pkwy (110 St)
B C
4
Subject Property
7 116
60 116
CH
1
RIVERSIDE PARK
NI
3
OLAS AV
ST
CATHEDRAL OF ST JOHN THE DIVINE
ST NICH
3
MORNINGSIDE PARK
Cathedral Pkwy (110 St)
W 112 ST
Central Park North (110 St)
2 3 2
CENTRAL PARKDANA DISCOV CENTRAL NORTH HARLE LASKER RINK
DUKE ELINGTON BLVD W 106 ST
W 105 ST
1
B C 103 ST
W 103 ST
103 ST 7
104
11
7
10
11
asking Price: $8,500,000
96 106
W 96 ST
96 ST
1
B C 96 ST
2
3
AMSTERDAM AV
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected] W 91 ST
CENTRAL PARK
For Financing Info
COLUMBUS AV
BROADWAY
For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc WESTEND AV
96 106
W 97 ST
W 97 ST
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
NORT MEADOW
W 100 ST
Paul McCormick x45 [email protected]
CENTRAL PARK WEST
RIVERSIDE DR
Block
W 101 ST
MEE
MUSEO BARR MUSEUO OF T CITY OF NEW Y
W 104 ST W 103 ST
W 130 S
125 ST
10
1
BROADWAY
$12,675
Bx
W 113 ST
Shimon Shkury x11 [email protected]
135 ST
60 15
116 St Columbia University
Lot
B
3
$4,225
APOLLO THEATRE
B D 125 ST
BLV
60
5
W 135 ST
100 101
COLUMBIA UNIVERSITY W 116 ST
A C
104
ING
W 137 ST
$5,200 2 3
HARLEM Gross Operating
W 120 ST Location Map
East side of Columbus Avenue between West 107th Street and West 108th Street
W 131 ST
104 Bx
15 MAR 15 TIN LUT H
4 104
3D Map / Tax Map
$4,800
WESLEY WILLIAMS PL
33
Payroll
ER K
GRANT’S TOMB
Repairs
W 139 ST
SCHOMBURG CENTRE $3,600
B C Bx
1
5
Cleaning & 135 Maintenance ST
CITY COLLEGE
125 ST
5
$3,299
W 139 ST
MT MORRIS PARK W
$133,800 $229,773 5 $72,000
Electric
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
Pro Forma Annual Income W 135 ST $144,000 $239,940 $72,000
Annual Income
$1,131
102 7
LENOX AV
CONVENT AV
PL
1
137 ST CITY COLLEGE
Fuel (Indivudually Metered)
FREDERICK DOUGLASS BLVD
Pro Forma Monthly Income $12,000 $19,995 $6,000 $37,995 $455,940
$6,600 2
10
100 101
ILTO N
RIVERBANK STATE PARK
Insurance
% of SGI Cap Rate
5
4
DR
64 1843
145 ST $8,100
MANHATTAN AV
32% 11 3.33%
MORNINGSIDE AV
$11,150 $19,148 $6,000 $36,298 $435,573
19
3
Water & Sewer
HAM
$2,788 $3,830 $6,000
Bx
$89,708
W 143 ST
RIVERSIDE DR
Monthly Income
W 146 ST
OLAS AV
2 4 3 5 Comm. 1 Total Monthly Income: Total Annual Income:
AVG / Rent/Unit
1
Real Estate Taxes (16/17) W 145 ST
W 145 ST
Bx
W 137 ST
# Of Units
FREDERICK DOUGLASS BLVD
AMSTERDAM AV
1
11 19
Schedule Income # Of BedRooms
DR
145 ST Bx
7 102
EXPENSES: (ESTIMATED)
A C
19
3
W 147 ST
ST NICH
$435,573 ($13,067) $422,506 ($139,338) $283,167
Harlem 148 St
W 150 ST
ER RIV
Current Roll
EM RL
3
W 147 ST
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
HA
W 150 ST
JACKIE ROBINSON PARK
S AV
BROADWAY
Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
Scheduled Gross Income: Less Vacancy Rate Reserve (3.0%): Gross Operating Income: Less Expenses: Net Operating Income:
M G CO ID MA M BR DA
2
BRADHURST AV
E DR
6
EDGECOMBE AV
SID RIVER
1 W 157 ST 157 ST
Bx
RESERVOIR
JEWISH MU
COOPER MUS
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, 104 all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospectiveNATIONAL AC investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of MUSEUM income, and all other information contained herein. July 21, 2016 4:40 PM
GUGG
969 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
Rent Roll Apt
Status
1A FM 2A FM 2B FM 3A FM 3B FM 4A FM 4B FM 5A FM 5B FM ST1 Comm Gross Monthly Rent Adjusted Gross Annual Rent Number of Units
# of Rooms
Actual / Projected
Monthly Rent
Pro Forma Rent
Lease Expiration
3 2 3 2 3 2 3 2 3 -
Actual Actual Actual Actual Projected Actual Actual Actual Actual Projected
$3,995 $2,625 $3,850 $2,850 $3,813 $2,800 $3,595 $2,875 $3,895 $6,000 $36,298 $435,573 10
$3,995 $3,000 $4,000 $3,000 $4,000 $3,000 $4,000 $3,000 $4,000 $6,000 $37,995 $455,940
9/30/2016 12/31/2016 3/31/2017 8/31/2016 8/31/2016 2/28/2017 8/31/2016 8/31/2016 -
asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents at 212.544.9500 I arielpa.nyc Shimon Shkury x11 [email protected]
Victor Sozio x12 Michael A. Tortorici x13 [email protected] [email protected]
Josh Berkowitz x41 Matthew Gillis x42 [email protected] [email protected]
Joshua Kwilecki x53 [email protected]
For Financing Info Paul McCormick x45 [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein. July 21, 2016 4:40 PM
