1318 Halsey Street Bushwick, Brooklyn, NY WIDE 6 UNIT BROWNSTONE – RECENTLY RENOVATED 5,168 SF – 26.5’ x 65’ with Airshafts FOR SALE Building Features Location
On the southeast side of Halsey Street between Irving and Knickerbocker Avenues.
Block & Lot
3413 / 29
Lot Size
26.5' x 100'
(Approx.)
Lot SF
2,650
(Approx.)
Zoning
R6
FAR
2.2
Building Size
26.5' x 65'
(Approx.)
Building SF
5,168
(Approx.)
Stories
3
Units
6
Assessment ('16/'17)
$55,506
R.E. Taxes ('16/'17)
$185
Taxes Less J51: $7,151
Projected Expenses Real Estate Taxes ('15/'16)
DOF Property Tax Bill
Water / Sewer Insurance
$1.00/ SF
$185 $5,168
Owner Provided
$3,771
Tenants Pay
--
Fuel
Property Description
Electric
$0.15/ SF
The subject property is a three-story walk-up building with six residential units located on the southeast side of Halsey Street between Irving Avenue and Knickerbocker Avenue in North Bushwick, Brooklyn. • Public transportation is available within two short blocks to the L train at Halsey Street Station. • 1 block from the newly improved Irving Square Park • Brand new common areas, roof and mechanicals. Active Security cameras and intercom. • Great in-place return with clear upside in rents. Current rents are 15% below market.
Maintenance & Repairs
$500/ Unit
$3,000
Owner Provided
$4,765
$250/ Month
$3,000
For More Information, Please Contact:
Superintendent Total
$20,664
Effective Gross Income
$165,715
Less Estimated Expenses
Exp. Ratio:
Projected Net Operating Income
12%
$20,664 $145,051
ASKING PRICE
DJ Johnston, Director (718) 307-6515
[email protected] Michael Amirkhanian, Executive Director (718) 606-7073
[email protected] William Cheng, Associate Director (718) 606-7037
[email protected] Bryan Kirk, Associate (718) 307-6516
[email protected] Joshua Sabzevari, Associate (718) 307-6521
[email protected] Management
$775
$2,750,000
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
For More Information, Please Contact:
DJ Johnston, Director (718) 307-6515
[email protected] Michael Amirkhanian, Executive Director (718) 606-7073
[email protected] William Cheng, Associate Director (718) 606-7037
[email protected] Bryan Kirk, Associate (718) 307-6516
[email protected] Joshua Sabzevari, Associate (718) 307-6521
[email protected] CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
1318 Halsey Street Bushwick, Brooklyn, NY
Revenue
Current Revenue
Legal Rents
Rent / Mo.
Annual Rent
$ / SF
Rent / Mo.
Annual Rent
$32
$2,650
$31,800
$37
$3,100
$37,206
1,000
$34
$2,795
$33,540
$34
$2,811
$33,737
RS
730
$36
$2,200
$26,400
$42
$2,526
$30,311
2 BR
RS
730
$39
$2,400
$28,800
$43
$2,607
$31,284
3L
2 BR
RS
730
$31
$1,907
$22,889
$31
$1,907
$22,889
3R
2 BR
RS
730
$31
$1,857
$22,285
$31
$1,857
$22,285
4,920
$34
$13,810 $165,715
$36
$14,809 $177,712
Unit
Type
Stat. Net SF $ / SF
1L
3 BR Dup
RS
1,000
1R
3 BR Dup
RS
2L
2 BR
2R
1318 Halsey Street L
Total / Average
Vacancy & Credit Loss @ 3% Effective Gross Income
$414
$4,971
$13,395 $160,743
$444
$5,331
$14,365 $172,381
ASKING PRICE: $2,750,000
CUSHMAN & WAKEFIELD One Pierrepont Plaza, 9th Floor, Brooklyn, NY 11201 nyinvestmentsales.com
For More Information, Please Contact:
DJ Johnston, Associate Director (718) 307-6515
[email protected] Michael Amirkhanian, Executive Director (718) 606-7073
[email protected] William Cheng, Associate Director (718) 606-7037
[email protected] Bryan Kirk, Associate (718) 307-6516
[email protected] Joshua Sabzevari, Associate (718) 307-6521
[email protected] Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.