154 28th street
154 28TH STREET
GREENWOOD HEIGHTS, BROOKLYN, NY 11232
6 Family Walk-Up
FOR SALE
3 story, 4,125 SF Multifamily Building
PROPERTY FEATURES South side of 28th Street between 3rd and 4th Avenue 664 / 28
LOCATION: BLOCK & LOT: l ZONING:
M1-2D
FAR:
2.0
LOT SIZE:
25’ x 100.17’
LOT SF:
2,504
(SF, Approx)
BUILDING DIMENSIONS:
25’ x 54’
(SF. Approx)
BUILDING SIZE:
4,125
(SF, Approx)
STORIES:
3
UNITS:
6
ASSESSMENT (‘15/’16):
$98,945
R.E. TAXES (‘15/’16):
$12,719
(SF, Approx)
ACTUAL REVENUE Gross Income
$102,516
Vacancy & Collection
($3,064)
3.00%
$99,452
Effective Gross Income
DESCRIPTION
The subject property is a three-story, walkup building located on the south side of 28th Street between 3rd Avenue and 4th Avenue in Greenwood Heights, Brooklyn. The property features six spacious apartments. Currently, five units are rent stabilized and one unit is free market. There is additional storage income in the basement. The building is in great condition. The property is located in the heart of beautiful Greenwood Heights and 3 blocks from the 25th Street subway station (on 4th Avenue) where the [R] train is accessible. The property is right by the B37 bus, which runs along 3rd Avenue. Additionally, the property benefits from its proximity to the GreenWood Cemetery, a 478 acre National Historic Landmark.
PROJECTED EXPENSES R. E. Taxes (‘15/’16)
Per NYC Dept of Finance
$12,719
Water & Sewer
Estimated at $0.60/SF
$2,475
Insurance
Estimated at $1.00/SF
$4,125
Fuel
Estimated at $1.60/SF
$6,600
Common Area Electric
Estimated at $0.25/SF
$1,031
Repairs and Maintenance
Estimated at $550/unit
$3,300
Management & Reserve
Estimated at 4% of EGI
$3,978
Total Annual Expenses:
$34,228
Effective Gross Income:
$99,452
Total Expenses:
$34,228
Net Operating Income:
$65,224
ASKING PRICE
$1,450,000
FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
154 28TH STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
6 Family Walk-Up For Sale
RENT ROLL UNIT
STATUS
LAYOUT
N.S.F.*
LEASE EXPIRATION
MONTHLY RENT
$/.S.F.
ANNUAL RENT
1A
RS
1 Bedroom
584
7/31/2016
$1,037
$21.30
$12,444
1B
FM
1 Bedroom
584
10/31/2016
$1,900
$39.02
$22,800
2A
RS
1 Bedroom
584
9/30/2015
$935
$19.20
$11,220
2B
RS
1 Bedroom
584
2/28/2017
$1,144
$23.48
$13,728
3A
RS
1 Bedroom
584
11/30/2015
$1,127
$23.15
$13,524
3B**
RS
1 Bedroom
584
8/31/2016
$1,900
$39.02
$22,800
Storage
-
Storage
N/A
N/A
$500
N/A
$6,000
$8,543
$27.53
$102,516
3,504
* Estimated N.S.F. utilizing a 15% loss factor **The rent is projected at market for Unit 3B. The legal monthly rent is $1,988/mo and the current tenant has a preferential rent of $925/mo. FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
GREENWOOD HEIGHTS, BROOKLYN, NY 11232
6 Family Walk-Up
FOR SALE
3 story, 4,125 SF Multifamily Building
PROPERTY FEATURES South side of 28th Street between 3rd and 4th Avenue 664 / 28
LOCATION: BLOCK & LOT: l ZONING:
M1-2D
FAR:
2.0
LOT SIZE:
25’ x 100.17’
LOT SF:
2,504
(SF, Approx)
BUILDING DIMENSIONS:
25’ x 54’
(SF. Approx)
BUILDING SIZE:
4,125
(SF, Approx)
STORIES:
3
UNITS:
6
ASSESSMENT (‘15/’16):
$98,945
R.E. TAXES (‘15/’16):
$12,719
(SF, Approx)
ACTUAL REVENUE Gross Income
$102,516
Vacancy & Collection
($3,064)
3.00%
$99,452
Effective Gross Income
DESCRIPTION
The subject property is a three-story, walkup building located on the south side of 28th Street between 3rd Avenue and 4th Avenue in Greenwood Heights, Brooklyn. The property features six spacious apartments. Currently, five units are rent stabilized and one unit is free market. There is additional storage income in the basement. The building is in great condition. The property is located in the heart of beautiful Greenwood Heights and 3 blocks from the 25th Street subway station (on 4th Avenue) where the [R] train is accessible. The property is right by the B37 bus, which runs along 3rd Avenue. Additionally, the property benefits from its proximity to the GreenWood Cemetery, a 478 acre National Historic Landmark.
PROJECTED EXPENSES R. E. Taxes (‘15/’16)
Per NYC Dept of Finance
$12,719
Water & Sewer
Estimated at $0.60/SF
$2,475
Insurance
Estimated at $1.00/SF
$4,125
Fuel
Estimated at $1.60/SF
$6,600
Common Area Electric
Estimated at $0.25/SF
$1,031
Repairs and Maintenance
Estimated at $550/unit
$3,300
Management & Reserve
Estimated at 4% of EGI
$3,978
Total Annual Expenses:
$34,228
Effective Gross Income:
$99,452
Total Expenses:
$34,228
Net Operating Income:
$65,224
ASKING PRICE
$1,450,000
FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
154 28TH STREET
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
6 Family Walk-Up For Sale
RENT ROLL UNIT
STATUS
LAYOUT
N.S.F.*
LEASE EXPIRATION
MONTHLY RENT
$/.S.F.
ANNUAL RENT
1A
RS
1 Bedroom
584
7/31/2016
$1,037
$21.30
$12,444
1B
FM
1 Bedroom
584
10/31/2016
$1,900
$39.02
$22,800
2A
RS
1 Bedroom
584
9/30/2015
$935
$19.20
$11,220
2B
RS
1 Bedroom
584
2/28/2017
$1,144
$23.48
$13,728
3A
RS
1 Bedroom
584
11/30/2015
$1,127
$23.15
$13,524
3B**
RS
1 Bedroom
584
8/31/2016
$1,900
$39.02
$22,800
Storage
-
Storage
N/A
N/A
$500
N/A
$6,000
$8,543
$27.53
$102,516
3,504
* Estimated N.S.F. utilizing a 15% loss factor **The rent is projected at market for Unit 3B. The legal monthly rent is $1,988/mo and the current tenant has a preferential rent of $925/mo. FOR MORE INFORMATION, PLEASE CONTACT: Aaron Warkov Director (718) 307 6551 [email protected]
Adam Ecker Senior Associate (718) 606 7049 [email protected]
Daniel Arnel Associate (718) 606 7077 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy 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 our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
