208 hoyt street brooklyn, ny 11201
208 HOYT STREET BROOKLYN, NY 11201 Four-Story Corner Mixed-Use
PROPERTY FEATURES The subject property is a four-story, mixed-use building located on the southwest corner of Baltic and Hoyt Streets in Cobble Hill, Brooklyn. The building features a ground floor retail space with three residential units above, all free market. The property is located in beautiful Cobble Hill, with excellent access to transportation. The property is advantageously situated for transit by subway, the F and G trains are just three blocks away at the nearby Bergen Street subway stop. Transportation by car is also available with access to the Hugh L. Carey tunnel (Route 478) and the Brooklyn-Queen’s Expressway (Route 278) a few blocks away. Additionally, the property benefits from its proximity to Governors Island, Brooklyn Bridge Park, Carroll Park and all that Cobble Hill has to offer. This is a great opportunity to invest in one of the most desirable and connected areas of Brooklyn.
BUILDING FEATURES
ASKING PRICE
LOCATION
Located on the south west corner of Hoyt and Baltic Streets
BLOCK / LOT
403/ 37
ZONING
C2-4/R6B
FAR
2.00
LOT SIZE
20’ x 70’ SF (Approx.)
LOT SF
1,400 SF (Approx.)
BUILDING DIMENSIONS
20’ x 67’ SF (Approx.)
BUILDING SIZE
4,120 SF (Approx.)
STORIES
4
UNITS
4
ASSESSMENT (15/16)
$90,221
TAXES (15/16)
$11,598
$2,950,000 FOR MORE INFORMATION, PLEASE CONTACT: Winfield Clifford Director (718) 606 7054 [email protected]
James Singleton Associate Director (718) 606 7047 [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.
208 HOYT STREET, BROOKLYN NY 11201
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Four-Story Mixed-Use for Sale ACTUAL REVENUE SUBHEAD GROSS INCOME
$141,456
VACANCY & COLLECTION
3.00%
($4,244) $137,212
EFFECTIVE GROSS INCOME
EXPENSES REAL ESTATE TAXES (15/16)
Per NYC Dept. of Finance
($11,598)
WATER AND SEWER
Owner Actual
($2,600)
INSURANCE
Owner Actual
($2,800)
Estimated @ $.25/sf
($1,030)
FUEL
Owner Actual
($8,500)
REPAIRS AND MAINTENANCE
Owner Actual
($1,500)
SUPER
Owner Actual
($7,500)
COMMON AREA ELECTRIC
TOTAL EXPENSES
($35,528)
NET OPERATING INCOME EFFECTIVE GROSS INCOME
$137,212
TOTAL EXPENSES
($35,528)
N.O.I
$101,684
ASKING PRICE
$2,950,000 Revenue Unit
Status
Lease Expiration
N.S.F*
Actual Monthly Rent
Actual Annual Rent
STORE
Retail
06/2019
1206
$2,838
$28,656
2
FM
05/2016
990
$3,400
$40,800
3
FM
06/2016
756
$3,000
$36,000
4
FM
05/2016
756
$3,000
$36,000
$11,788
$141,456
TOTAL
*Estimated N.S.F utilizing a 10% loss factor FOR MORE INFORMATION, PLEASE CONTACT: Winfield Clifford Director (718) 606 7054 [email protected]
James Singleton Associate Director (718) 606 7047 [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.
PROPERTY FEATURES The subject property is a four-story, mixed-use building located on the southwest corner of Baltic and Hoyt Streets in Cobble Hill, Brooklyn. The building features a ground floor retail space with three residential units above, all free market. The property is located in beautiful Cobble Hill, with excellent access to transportation. The property is advantageously situated for transit by subway, the F and G trains are just three blocks away at the nearby Bergen Street subway stop. Transportation by car is also available with access to the Hugh L. Carey tunnel (Route 478) and the Brooklyn-Queen’s Expressway (Route 278) a few blocks away. Additionally, the property benefits from its proximity to Governors Island, Brooklyn Bridge Park, Carroll Park and all that Cobble Hill has to offer. This is a great opportunity to invest in one of the most desirable and connected areas of Brooklyn.
BUILDING FEATURES
ASKING PRICE
LOCATION
Located on the south west corner of Hoyt and Baltic Streets
BLOCK / LOT
403/ 37
ZONING
C2-4/R6B
FAR
2.00
LOT SIZE
20’ x 70’ SF (Approx.)
LOT SF
1,400 SF (Approx.)
BUILDING DIMENSIONS
20’ x 67’ SF (Approx.)
BUILDING SIZE
4,120 SF (Approx.)
STORIES
4
UNITS
4
ASSESSMENT (15/16)
$90,221
TAXES (15/16)
$11,598
$2,950,000 FOR MORE INFORMATION, PLEASE CONTACT: Winfield Clifford Director (718) 606 7054 [email protected]
James Singleton Associate Director (718) 606 7047 [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.
208 HOYT STREET, BROOKLYN NY 11201
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Four-Story Mixed-Use for Sale ACTUAL REVENUE SUBHEAD GROSS INCOME
$141,456
VACANCY & COLLECTION
3.00%
($4,244) $137,212
EFFECTIVE GROSS INCOME
EXPENSES REAL ESTATE TAXES (15/16)
Per NYC Dept. of Finance
($11,598)
WATER AND SEWER
Owner Actual
($2,600)
INSURANCE
Owner Actual
($2,800)
Estimated @ $.25/sf
($1,030)
FUEL
Owner Actual
($8,500)
REPAIRS AND MAINTENANCE
Owner Actual
($1,500)
SUPER
Owner Actual
($7,500)
COMMON AREA ELECTRIC
TOTAL EXPENSES
($35,528)
NET OPERATING INCOME EFFECTIVE GROSS INCOME
$137,212
TOTAL EXPENSES
($35,528)
N.O.I
$101,684
ASKING PRICE
$2,950,000 Revenue Unit
Status
Lease Expiration
N.S.F*
Actual Monthly Rent
Actual Annual Rent
STORE
Retail
06/2019
1206
$2,838
$28,656
2
FM
05/2016
990
$3,400
$40,800
3
FM
06/2016
756
$3,000
$36,000
4
FM
05/2016
756
$3,000
$36,000
$11,788
$141,456
TOTAL
*Estimated N.S.F utilizing a 10% loss factor FOR MORE INFORMATION, PLEASE CONTACT: Winfield Clifford Director (718) 606 7054 [email protected]
James Singleton Associate Director (718) 606 7047 [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.
