219 13th Street, Brooklyn, NY
219 13th Street, Brooklyn, NY 25-Unit Park Slope Apartment Buildings For Sale
FOR SALE
Asking Price: $12,995,000 Property Information Block / Lots
1028 / 71
Total Lot Size
50’ x 100'
Lot SF (Approx.)
5,000
Building Size (Approx.)
50' x 88'
Gross SF (Approx.)
22,000
Stories
5
Residential Units
25
Zoning (Split)
R6B / R8A
FAR
2.00 / 6.02
Historic District
None
RE Assessment (16/17)
$793,260
RE Taxes (16/17)
$102,196
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a 50' wide, five-story walk-up apartment building located on the north side of 13th Street between 4th and 5th Avenues in the Park Slope neighborhood of Brooklyn. The building consists of 25 residential units of which 16 are FM, 4 are RS, and 5 are currently vacant. The FM units were recently renovated and feature hardwood floors, large closets, full-size stainless steel appliances, and excellent light from windows in nearly every room. Five of the units are three-bedrooms and the rest are two-bedrooms, two of which may be converted to three-bedrooms. It is within short walking distance to the F & G train stop at 4th Avenue and 9th Street and within close proximity to popular neighborhood spots such as Sidecar, Piccoli Trattoria, and Mariella. The property also benefits from a cell tower on the rooftop that is leased through May 2020. This is a rare opportunity to acquire a low maintenance, high cash flowing multi-family building in the heart of Park Slope, one of Brooklyn's fastest growing neighborhoods.
James Nelson Vice Chairman (212) 696 2500 x7710 [email protected]
Winfield Clifford Senior Director (718) 606 7054 [email protected]
Mitchell Levine Director (212) 660 7761 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield Copyright 2016. 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.
219 13th Street, Brooklyn, NY Rent Roll UNIT
STATUS
TYPE
LEASE EXP.
MONTHLY RENT
ANNUAL RENT
1 2 3 4 5 6 7 8 9 10 11 12 12A 14 15 16 17 18 19 20 21 22 23 24 25
FM FM RS FM FM Vacant FM FM FM FM FM Vacant FM FM FM FM RS FM RS Vacant RS FM FM FM FM Cell Tower
3 BR / 1 BA 3 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA Can Be 3 BR N/A N/A N/A 2 BR / 1 BA 3 BR / 1 BA Can Be 3 BR 2 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA 3 BR / 1 BA N/A 2 BR / 1 BA N/A Can Be 2 BR N/A 3 BR / 1 BA N/A 2 BR / 1 BA 2 BR / 1 BA
Jul-17 Jul-17 Aug-16 Jul-17 May-17 TBD Oct-16 Jul-17 Aug-16 Sep-16 Jul-16 TBD Jul-15 Dec-16 Aug-17 TBD Nov-16 Jul-17 Mar-17 TBD Jun-17 TBD Aug-17 Sep-16 May-17
$3,300 $2,950 $1,059 $2,850 $3,050 $3,800 $3,700 $2,800 $2,850 $2,850 $3,700 $3,800 $2,850 $2,900 $2,900 $3,700 $928 $2,850 $883 $3,000 $905 $3,850 $2,850 $3,000 $2,850 $1,566
$39,600 $35,400 $12,703 $34,200 $36,600 $45,600 $44,400 $33,600 $34,200 $34,200 $44,400 $45,600 $34,200 $34,800 $34,800 $44,400 $11,131 $34,200 $10,601 $36,000 $10,858 $46,200 $34,200 $36,000 $34,200 $18,789
$71,740
$860,881
Total *Yellow Denotes Projection At Market
Expenses
Amount Actual
$102,196
Projected @ $0.25/SF
$5,000
Insurance
As Provided
$3,500
Water & Sewer
As Provided
$7,500
Heating
As Provided
$12,500
Projected @ $400/Unit
$10,000
As Provided
$7,200
Projected @ 3% of EGI
$26,390
Real Estate Taxes (16/17) Common Electric
Repairs & Maintenance Super Management
$174,286
Total
NOI
$705,384
Cushman & Wakefield Copyright 2016. 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, 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 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. of the property (or properties) in question.
FOR SALE
Asking Price: $12,995,000 Property Information Block / Lots
1028 / 71
Total Lot Size
50’ x 100'
Lot SF (Approx.)
5,000
Building Size (Approx.)
50' x 88'
Gross SF (Approx.)
22,000
Stories
5
Residential Units
25
Zoning (Split)
R6B / R8A
FAR
2.00 / 6.02
Historic District
None
RE Assessment (16/17)
$793,260
RE Taxes (16/17)
$102,196
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a 50' wide, five-story walk-up apartment building located on the north side of 13th Street between 4th and 5th Avenues in the Park Slope neighborhood of Brooklyn. The building consists of 25 residential units of which 16 are FM, 4 are RS, and 5 are currently vacant. The FM units were recently renovated and feature hardwood floors, large closets, full-size stainless steel appliances, and excellent light from windows in nearly every room. Five of the units are three-bedrooms and the rest are two-bedrooms, two of which may be converted to three-bedrooms. It is within short walking distance to the F & G train stop at 4th Avenue and 9th Street and within close proximity to popular neighborhood spots such as Sidecar, Piccoli Trattoria, and Mariella. The property also benefits from a cell tower on the rooftop that is leased through May 2020. This is a rare opportunity to acquire a low maintenance, high cash flowing multi-family building in the heart of Park Slope, one of Brooklyn's fastest growing neighborhoods.
James Nelson Vice Chairman (212) 696 2500 x7710 [email protected]
Winfield Clifford Senior Director (718) 606 7054 [email protected]
Mitchell Levine Director (212) 660 7761 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield Copyright 2016. 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.
219 13th Street, Brooklyn, NY Rent Roll UNIT
STATUS
TYPE
LEASE EXP.
MONTHLY RENT
ANNUAL RENT
1 2 3 4 5 6 7 8 9 10 11 12 12A 14 15 16 17 18 19 20 21 22 23 24 25
FM FM RS FM FM Vacant FM FM FM FM FM Vacant FM FM FM FM RS FM RS Vacant RS FM FM FM FM Cell Tower
3 BR / 1 BA 3 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA Can Be 3 BR N/A N/A N/A 2 BR / 1 BA 3 BR / 1 BA Can Be 3 BR 2 BR / 1 BA 2 BR / 1 BA 2 BR / 1 BA 3 BR / 1 BA N/A 2 BR / 1 BA N/A Can Be 2 BR N/A 3 BR / 1 BA N/A 2 BR / 1 BA 2 BR / 1 BA
Jul-17 Jul-17 Aug-16 Jul-17 May-17 TBD Oct-16 Jul-17 Aug-16 Sep-16 Jul-16 TBD Jul-15 Dec-16 Aug-17 TBD Nov-16 Jul-17 Mar-17 TBD Jun-17 TBD Aug-17 Sep-16 May-17
$3,300 $2,950 $1,059 $2,850 $3,050 $3,800 $3,700 $2,800 $2,850 $2,850 $3,700 $3,800 $2,850 $2,900 $2,900 $3,700 $928 $2,850 $883 $3,000 $905 $3,850 $2,850 $3,000 $2,850 $1,566
$39,600 $35,400 $12,703 $34,200 $36,600 $45,600 $44,400 $33,600 $34,200 $34,200 $44,400 $45,600 $34,200 $34,800 $34,800 $44,400 $11,131 $34,200 $10,601 $36,000 $10,858 $46,200 $34,200 $36,000 $34,200 $18,789
$71,740
$860,881
Total *Yellow Denotes Projection At Market
Expenses
Amount Actual
$102,196
Projected @ $0.25/SF
$5,000
Insurance
As Provided
$3,500
Water & Sewer
As Provided
$7,500
Heating
As Provided
$12,500
Projected @ $400/Unit
$10,000
As Provided
$7,200
Projected @ 3% of EGI
$26,390
Real Estate Taxes (16/17) Common Electric
Repairs & Maintenance Super Management
$174,286
Total
NOI
$705,384
Cushman & Wakefield Copyright 2016. 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, 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 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. of the property (or properties) in question.
