307 Mott Street--.indd - Agorafy
M OTT S TREET
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE Block / Lot:
521 / 13
Lot Dimensions: (Approx.)
45.5’ x 83.33’
Lot SF: (Approx.)
3,792
Building Dimensions: (Approx.)
45.5’ x 83.33’
Building SF: (Approx.)
15,925
Stories:
5
Zoning:
R7-2 - LI
Allowable FAR:
4.10
Air Rights SF: (Approx.)
None
Historic District:
NoHo East
RE Assessment(14/15):
$623,250
Actual RE Taxes(14/15):
$80,119
*ALL SQUARE FOOTAGES ARE APPROXIMATE
DESCRIPTION: A 5-story, walk-up apartment building located on the west side of Mott Street between Bleecker and Houston Streets. The building consists of 38 residential units, of which 26 are FM and 12 are RS. All of the units are 1-BRs, with the exception of one that is a 3-BR unit. All of the FM units were recently renovated and outfitted with high end stainless steel appliances, granite countertops, cherrywood cabinets, ebony hardwood floors, and washer and dryers. The common areas were also gut renovated and ground floor residences feature private outdoor space. The average in-place rent is $77/ SF in a neighborhood that commands in excess of $95/SF for similar product. It is located in the heart of NoHo on a lively and beatiful block within close proximity to the 6, B, D, F, and M train stops. This represents an excellent investment opportunity in one of Manhattan’s fastest growing neighborhoods.
ASKING PRICE : $23,500,000 For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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 • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
4
115 MACDOUGAL STREET
!
"
www.masseyknakal.com #
THE BRONX
$
%
%
&
'
(
)
BROOKLYN
*
+
)
,
+
-
-
+
)
MANHATTAN
)
+
.
.
+
/
NASSAU
)
0
1
2
0
$
.
0
(
NEW JERSEY
3
/
0
0
)
.
QUEENS
.
-
+
-
0
)
4
.
'
+
)
5
STATEN ISLAND
1
0
.
-
6
,
0
.
-
0
$
WESTCHESTER
x
M OTT S TREET
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE RESIDENTIAL REVENUE Building
Unit
Status
Type
Lease Exp.
Net SF
307
A1
FM
1 BR + OUTDOOR
Sep-15
N/A
$2,900
N/A
$34,800
307
A2
FM
1 BR
Jul-15
N/A
$3,150
N/A
$37,800
307
A3
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
307
A4
FM
1 BR
Jul-15
N/A
$3,100
N/A
$37,200
307
A5
RS
1 BR
Jul-15
N/A
$702
N/A
$8,424
307
B1
FM
1 BR + OUTDOOR
Dec-15
N/A
$3,650
N/A
$43,800
307
B2
FM
1 BR
Jun-15
N/A
$3,050
N/A
$36,600
307
B3
FM
1 BR
Jan-16
N/A
$3,150
N/A
$37,800
307
B4
FM
1 BR
Jan-16
N/A
$3,250
N/A
$39,000
307
B5
FM
1 BR
Jun-15
N/A
$3,250
N/A
$39,000
307
C1
FM
3 BR
Feb-16
N/A
$5,300
N/A
$63,600
307
C2
FM
1 BR
Aug-15
N/A
$3,200
N/A
$38,400
307
C3
FM
1 BR
Apr-15
N/A
$3,150
N/A
$37,800
307
C4
RS
1 BR
Jun-16
N/A
$454
N/A
$5,448
307
C5
RS
1 BR
N/A
N/A
$382
N/A
$4,584
307
D2
FM
1 BR
Jul-15
N/A
$3,150
N/A
$37,800
307
D3
FM
1 BR
Jul-15
N/A
$3,100
N/A
$37,200
307
D4
RS
1 BR
Jun-16
N/A
$560
N/A
$6,720
307
D5
RS
1 BR
N/A
N/A
$439
N/A
$5,268
309
A1
RS
1 BR + OUTDOOR
Jul-15
N/A
$582
N/A
$6,984
309
A2
FM
1 BR
Jul-15
N/A
$3,200
N/A
$38,400
309
A3
FM
1 BR
Jun-15
N/A
$3,250
N/A
$39,000
309
A4
FM
1 BR
Aug-15
N/A
$3,250
N/A
$39,000
309
A5
FM
1 BR
Feb-16
N/A
$3,250
N/A
$39,000
309
B1
RS
1 BR + OUTDOOR
Sep-16
N/A
$589
N/A
$7,068
309
B2
RS
1 BR
May-15
N/A
$737
N/A
$8,844
309
B3
FM
1 BR
Apr-15
N/A
$3,100
N/A
$37,200
309
B4
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
309
B5
RS
1 BR
Jul-16
N/A
$803
N/A
$9,636
309
C1
RS
1 BR
Aug-16
N/A
$792
N/A
$9,504
309
C2
FM
1 BR
Jan-16
N/A
$3,250
N/A
$39,000
309
C3
FM
1 BR
Feb-16
N/A
$3,100
N/A
$37,200
309
C4
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
309
C5
FM
1 BR
Aug-15
N/A
$3,250
N/A
$39,000
309
D2
RS
1 BR
Jul-15
N/A
$708
N/A
$8,496
309
D3
FM
1 BR
Aug-15
N/A
$3,200
N/A
$38,400
309
D4
RS
1 BR
Jul-16
N/A
$593
N/A
$7,116
309
D5
FM
1 BR
Jul-15
N/A
$3,175
N/A
$38,100
13,934
$92,141
Total
Monthly Rent
$/NSF
Annual Rent
$77
$1,105,692
For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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. 7
8
9
:
;
?
@
A
B
C
@
D
C
E
F
G
=
H
>
C
X
N
@
;
N
;
J
S
Y
?
W
www.masseyknakal.com Z
THE BRONX
[
\
\
]
^
_
`
BROOKLYN
a
b
`
c
b
d
d
b
`
MANHATTAN
`
b
e
e
b
f
NASSAU
`
g
h
i
g
[
e
g
_
NEW JERSEY
j
f
g
g
`
e
QUEENS
e
d
b
d
g
`
k
e
^
b
`
l
STATEN ISLAND
h
g
e
d
m
c
g
e
d
g
[
WESTCHESTER
M OTT S TREET
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE EXPENSES (Actual / Projected) Real Estate Taxes (14/15)
$80,119
Common Area Electric (Projected @ $.25/SF)
$3,981
Insurance (Projected @ $1.00/SF)
$15,925
Water & Sewer (Projected @ $.75/SF)
$11,944
Fuel (Projected @ $1.50/SF)
$23,888
Repairs & Maintenance (Projected @ $350/Unit)
$13,300
Super (Projected @ $750/Month)
$9,000
Management (Projected @ 3% of Gross Income)
$33,171
Total
$191,327
Gross Annual Income:
$1,105,692
Less Expenses:
$191,327
Net Operating Income:
$914,365
For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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. n
o
p
q
r
s
t
u
v
w
x
y
z
w
{
z
|
}
~
t
s
v
v
|
z
v
|
n
n
n
p
|
r
n
n
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
6
115 MACDOUGAL STREET
r
u
u
z
w
r
r
v
www.masseyknakal.com
THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
¡
QUEENS
¢
£
STATEN ISLAND
¤
WESTCHESTER
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE Block / Lot:
521 / 13
Lot Dimensions: (Approx.)
45.5’ x 83.33’
Lot SF: (Approx.)
3,792
Building Dimensions: (Approx.)
45.5’ x 83.33’
Building SF: (Approx.)
15,925
Stories:
5
Zoning:
R7-2 - LI
Allowable FAR:
4.10
Air Rights SF: (Approx.)
None
Historic District:
NoHo East
RE Assessment(14/15):
$623,250
Actual RE Taxes(14/15):
$80,119
*ALL SQUARE FOOTAGES ARE APPROXIMATE
DESCRIPTION: A 5-story, walk-up apartment building located on the west side of Mott Street between Bleecker and Houston Streets. The building consists of 38 residential units, of which 26 are FM and 12 are RS. All of the units are 1-BRs, with the exception of one that is a 3-BR unit. All of the FM units were recently renovated and outfitted with high end stainless steel appliances, granite countertops, cherrywood cabinets, ebony hardwood floors, and washer and dryers. The common areas were also gut renovated and ground floor residences feature private outdoor space. The average in-place rent is $77/ SF in a neighborhood that commands in excess of $95/SF for similar product. It is located in the heart of NoHo on a lively and beatiful block within close proximity to the 6, B, D, F, and M train stops. This represents an excellent investment opportunity in one of Manhattan’s fastest growing neighborhoods.
ASKING PRICE : $23,500,000 For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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 • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
4
115 MACDOUGAL STREET
!
"
www.masseyknakal.com #
THE BRONX
$
%
%
&
'
(
)
BROOKLYN
*
+
)
,
+
-
-
+
)
MANHATTAN
)
+
.
.
+
/
NASSAU
)
0
1
2
0
$
.
0
(
NEW JERSEY
3
/
0
0
)
.
QUEENS
.
-
+
-
0
)
4
.
'
+
)
5
STATEN ISLAND
1
0
.
-
6
,
0
.
-
0
$
WESTCHESTER
x
M OTT S TREET
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE RESIDENTIAL REVENUE Building
Unit
Status
Type
Lease Exp.
Net SF
307
A1
FM
1 BR + OUTDOOR
Sep-15
N/A
$2,900
N/A
$34,800
307
A2
FM
1 BR
Jul-15
N/A
$3,150
N/A
$37,800
307
A3
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
307
A4
FM
1 BR
Jul-15
N/A
$3,100
N/A
$37,200
307
A5
RS
1 BR
Jul-15
N/A
$702
N/A
$8,424
307
B1
FM
1 BR + OUTDOOR
Dec-15
N/A
$3,650
N/A
$43,800
307
B2
FM
1 BR
Jun-15
N/A
$3,050
N/A
$36,600
307
B3
FM
1 BR
Jan-16
N/A
$3,150
N/A
$37,800
307
B4
FM
1 BR
Jan-16
N/A
$3,250
N/A
$39,000
307
B5
FM
1 BR
Jun-15
N/A
$3,250
N/A
$39,000
307
C1
FM
3 BR
Feb-16
N/A
$5,300
N/A
$63,600
307
C2
FM
1 BR
Aug-15
N/A
$3,200
N/A
$38,400
307
C3
FM
1 BR
Apr-15
N/A
$3,150
N/A
$37,800
307
C4
RS
1 BR
Jun-16
N/A
$454
N/A
$5,448
307
C5
RS
1 BR
N/A
N/A
$382
N/A
$4,584
307
D2
FM
1 BR
Jul-15
N/A
$3,150
N/A
$37,800
307
D3
FM
1 BR
Jul-15
N/A
$3,100
N/A
$37,200
307
D4
RS
1 BR
Jun-16
N/A
$560
N/A
$6,720
307
D5
RS
1 BR
N/A
N/A
$439
N/A
$5,268
309
A1
RS
1 BR + OUTDOOR
Jul-15
N/A
$582
N/A
$6,984
309
A2
FM
1 BR
Jul-15
N/A
$3,200
N/A
$38,400
309
A3
FM
1 BR
Jun-15
N/A
$3,250
N/A
$39,000
309
A4
FM
1 BR
Aug-15
N/A
$3,250
N/A
$39,000
309
A5
FM
1 BR
Feb-16
N/A
$3,250
N/A
$39,000
309
B1
RS
1 BR + OUTDOOR
Sep-16
N/A
$589
N/A
$7,068
309
B2
RS
1 BR
May-15
N/A
$737
N/A
$8,844
309
B3
FM
1 BR
Apr-15
N/A
$3,100
N/A
$37,200
309
B4
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
309
B5
RS
1 BR
Jul-16
N/A
$803
N/A
$9,636
309
C1
RS
1 BR
Aug-16
N/A
$792
N/A
$9,504
309
C2
FM
1 BR
Jan-16
N/A
$3,250
N/A
$39,000
309
C3
FM
1 BR
Feb-16
N/A
$3,100
N/A
$37,200
309
C4
FM
1 BR
Jul-15
N/A
$3,125
N/A
$37,500
309
C5
FM
1 BR
Aug-15
N/A
$3,250
N/A
$39,000
309
D2
RS
1 BR
Jul-15
N/A
$708
N/A
$8,496
309
D3
FM
1 BR
Aug-15
N/A
$3,200
N/A
$38,400
309
D4
RS
1 BR
Jul-16
N/A
$593
N/A
$7,116
309
D5
FM
1 BR
Jul-15
N/A
$3,175
N/A
$38,100
13,934
$92,141
Total
Monthly Rent
$/NSF
Annual Rent
$77
$1,105,692
For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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. 7
8
9
:
;
?
@
A
B
C
@
D
C
E
F
G
=
H
>
C
X
N
@
;
N
;
J
S
Y
?
W
www.masseyknakal.com Z
THE BRONX
[
\
\
]
^
_
`
BROOKLYN
a
b
`
c
b
d
d
b
`
MANHATTAN
`
b
e
e
b
f
NASSAU
`
g
h
i
g
[
e
g
_
NEW JERSEY
j
f
g
g
`
e
QUEENS
e
d
b
d
g
`
k
e
^
b
`
l
STATEN ISLAND
h
g
e
d
m
c
g
e
d
g
[
WESTCHESTER
M OTT S TREET
307 309
N EW Y ORK , N EW Y ORK 10012
&
N O H O M ULTI -F AMILY B UILDING F OR S ALE EXPENSES (Actual / Projected) Real Estate Taxes (14/15)
$80,119
Common Area Electric (Projected @ $.25/SF)
$3,981
Insurance (Projected @ $1.00/SF)
$15,925
Water & Sewer (Projected @ $.75/SF)
$11,944
Fuel (Projected @ $1.50/SF)
$23,888
Repairs & Maintenance (Projected @ $350/Unit)
$13,300
Super (Projected @ $750/Month)
$9,000
Management (Projected @ 3% of Gross Income)
$33,171
Total
$191,327
Gross Annual Income:
$1,105,692
Less Expenses:
$191,327
Net Operating Income:
$914,365
For further information or inspection please contact Exclusive Agents:
JAMES NELSON Partner 212.696.2500 x7710
MITCHELL LEVINE Director of Sales 212.660.7761
MATTHEW NICKERSON Senior Associate 212.660.7742
DAVID SHALOM Associate 212.660.7767
BRANDON POLAKOFF Associate 212.660.7755
CARLY WEINREB Associate 212.589.5114
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
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. n
o
p
q
r
s
t
u
v
w
x
y
z
w
{
z
|
}
~
t
s
v
v
|
z
v
|
n
n
n
p
|
r
n
n
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333
6
115 MACDOUGAL STREET
r
u
u
z
w
r
r
v
www.masseyknakal.com
THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
¡
QUEENS
¢
£
STATEN ISLAND
¤
WESTCHESTER
