139 Clinton Avenue, Brooklyn, NY 11205 - Agorafy
Clinton Hill Multi-Family for Sale
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM Location:
East Side of Clinton Avenue between Myrtle and Park Avenue
Block & Lot: Lot Dimensions: Lot Area:
1888 / 11 22.5’ X 200’ (approx. irreg.) 5,750 sq. ft. (approx. irreg.)
Building Dimensions: Existing Gross SF: Stories:
22.5’ x 48’ (approx.) 4,860 sq. ft. (approx.) 5
Zoning: FAR: Total Buildable SF:
R6B 2.00 11,500 sq. ft.
Assessed Value: Tax Rate: R.E. Taxes:
$100,202 12.8550% $12,881
Cushman & Wakefield is pleased to present, on exclusive basis, 139 Clinton Avenue for sale. This subject property includes an existing 5story multi-family building facing Clinton Avenue and a vacant development lot facing Waverly Avenue which maintains 47.50’ of frontage. The building consists of four residential apartments (one three - bedroom garden floor duplex, two one-bedroom units and one two-bedroom unit) spanning over 4,000 square feet and sits on a lot size of 5,750 square feet with a total buildable S/F of 11,500 (as of right). The building is currently rented below market at $27 per square foot which provides for an upside in rental revenue. Future ownership also has the unique opportunity to utilize the land on the Waverly Avenue side which is adjacent to the building for development. 139 Clinton Avenue is steps from many popular Brooklyn restaurants, Barclay’s Arena, and all that Downtown Brooklyn has to offer. Public transportation is easily accessible by the Franklin Avenue A/C at Fulton Street, or the Washington/Clinton G at Lafayette Avenue.
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd FloorAsking 118-35 Queens Boulevard, 14th Floor Price: $4,500,000 New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333 / F:Exclusive 718-275-5478 For further informationT: or 718-275-3400 inspection, contact Agent:
Lev Kimyagarov [email protected] (212) 696 2500 Ext. 7729
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Clinton Hill Multi-Family for Sale
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM
Projected Revenue Unit
Floor
Rooms
SF (approx.)
Projected Rent
$/SF
Annual
1
Garden/First
3 BR – Duplex
1,600
$4,600
$34.50
$55,200
2
Second
1 BR/ 1 BA
800
$1,675
$25.12
$20,100
3
Third
1 BR w/ Balcony
800
$2,500
$37.50
$30,000
4
Fourth
2 BR / 1 BA
800
$1,900
$28.50
$22,800
Monthly Revenue (Projected):
$10,675
Projected Gross Income:
$128,100
Estimated Expenses Con-Edison
$1,299.58
National Grid
$5,480.35
Insurance
$2,492.10
R.E. Taxes
$12,881.00
Total Expenses:
$22,153.03
Net Operating Income:
$105,946.97
205 Montague Street, 3rd Floor 275 Madison Avenue, 3rd Floor 118-35 Queens Boulevard, 14th Floor Brooklyn, NY 11201 New York, NY 10016 Forest Hills, NY 11375 T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / F: 718-275-5478 For further information or to schedule a property inspection, please contact Exclusive Agents
Lev Kimyagarov
ASKING PRICE: $ 4,500,000
Director of Sales [email protected] (212) 696 2500 Ext. 7729
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Clinton Hill Multi-Family for Sale
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM
Property Survey
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM Location:
East Side of Clinton Avenue between Myrtle and Park Avenue
Block & Lot: Lot Dimensions: Lot Area:
1888 / 11 22.5’ X 200’ (approx. irreg.) 5,750 sq. ft. (approx. irreg.)
Building Dimensions: Existing Gross SF: Stories:
22.5’ x 48’ (approx.) 4,860 sq. ft. (approx.) 5
Zoning: FAR: Total Buildable SF:
R6B 2.00 11,500 sq. ft.
Assessed Value: Tax Rate: R.E. Taxes:
$100,202 12.8550% $12,881
Cushman & Wakefield is pleased to present, on exclusive basis, 139 Clinton Avenue for sale. This subject property includes an existing 5story multi-family building facing Clinton Avenue and a vacant development lot facing Waverly Avenue which maintains 47.50’ of frontage. The building consists of four residential apartments (one three - bedroom garden floor duplex, two one-bedroom units and one two-bedroom unit) spanning over 4,000 square feet and sits on a lot size of 5,750 square feet with a total buildable S/F of 11,500 (as of right). The building is currently rented below market at $27 per square foot which provides for an upside in rental revenue. Future ownership also has the unique opportunity to utilize the land on the Waverly Avenue side which is adjacent to the building for development. 139 Clinton Avenue is steps from many popular Brooklyn restaurants, Barclay’s Arena, and all that Downtown Brooklyn has to offer. Public transportation is easily accessible by the Franklin Avenue A/C at Fulton Street, or the Washington/Clinton G at Lafayette Avenue.
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd FloorAsking 118-35 Queens Boulevard, 14th Floor Price: $4,500,000 New York, NY 10016 Forest Hills, NY 11375 T: 212-696-2500 / F: 212-696-0333 / F:Exclusive 718-275-5478 For further informationT: or 718-275-3400 inspection, contact Agent:
Lev Kimyagarov [email protected] (212) 696 2500 Ext. 7729
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Clinton Hill Multi-Family for Sale
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM
Projected Revenue Unit
Floor
Rooms
SF (approx.)
Projected Rent
$/SF
Annual
1
Garden/First
3 BR – Duplex
1,600
$4,600
$34.50
$55,200
2
Second
1 BR/ 1 BA
800
$1,675
$25.12
$20,100
3
Third
1 BR w/ Balcony
800
$2,500
$37.50
$30,000
4
Fourth
2 BR / 1 BA
800
$1,900
$28.50
$22,800
Monthly Revenue (Projected):
$10,675
Projected Gross Income:
$128,100
Estimated Expenses Con-Edison
$1,299.58
National Grid
$5,480.35
Insurance
$2,492.10
R.E. Taxes
$12,881.00
Total Expenses:
$22,153.03
Net Operating Income:
$105,946.97
205 Montague Street, 3rd Floor 275 Madison Avenue, 3rd Floor 118-35 Queens Boulevard, 14th Floor Brooklyn, NY 11201 New York, NY 10016 Forest Hills, NY 11375 T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / F: 718-275-5478 For further information or to schedule a property inspection, please contact Exclusive Agents
Lev Kimyagarov
ASKING PRICE: $ 4,500,000
Director of Sales [email protected] (212) 696 2500 Ext. 7729
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Clinton Hill Multi-Family for Sale
139 Clinton Avenue, Brooklyn, NY 11205 BID DEADLINE: Wednesday, April 8th At 4PM
Property Survey
205 Montague Street, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor New York, NY 10016 T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
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 it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, 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 HEREIN.
275 Madison Avenue • 3rd Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
