3626 KINGS HIGHWAY BROOKLYN, NY 11234 9 Unit Free Market Co-op Package
FOR SALE
7,425 SF (approx.) BUILDING FEATURES BLOCK / LOT:
7654/ 14
LOT DIMENSIONS:
228' x 115’ (Approx.)
BUILDING SIZE:
212.92’ x 74.17’ (Approx.)
GROSS SF:
7,425 (Approx.)
TOTAL UNITS:
9 (Approx.)
STORIES:
6 (Approx.)
ZONING:
R5
GROSS ANNUAL INCOME:
$155,535 (Approx.)
MAINTENANCE FEES:
$81,315 (Approx.)
NET OPERATING INCOME:
$74,220 (Approx.)
PRICE PER UNIT
$166,667 (Projected)
PROPERTY FEATURES
Cushman & Wakefield has been retained on an exclusive basis to sell 9 free market apartments in this 6-story, elevator building in Marine Park, Brooklyn. The property is located on the south side of Kings Highway stretching from East 35th street to East 36th Street and measures approximately 94,128 SF. Currently all of the units are fully occupied. It is conveniently located to a number of public transportation options including the B7 & B82 bus routes along Kings Highway, the B9 along Avenue L and the B41 & Q35 at the intersection of Flatbush Avenue and Kings Highway. ASKING PRICE
$1,500,000
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. Aaron Warkov Brian Streilein Edward Gevinski Jr. Brock Emmetsberger Brian Streilein Director Associate Director Senior Associate Director Executive Director Senior Associate (718) 307 6502 (718) 307 6551 (718) 307 6505
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] (718) 307-6502
(212) 696-2500 ext. 7776
CUSHMAN & WAKEFIELD, INC. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com
(718) 307-6505
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.
3626 KINGS HIGHWAY BROOKLYN, NY 11234 9 FREE MARKET APARTMENTS
FOR SALE
7,425 SF (approx.)
MAINTENANCE FEES
RENT ROLL
UNIT
STATUS
S.F.
BR
MONTHLY
ANNUAL
UNIT
MONTHLY
ANNUAL
1D
OCCUPIED
810
1-BR
$1,273
$15,280
1D
$707
$8,480
1F
OCCUPIED
812
1-BR
$1,348
$16,174
1F
$663
$7,957
2B
OCCUPIED
864
1-BR
$1,495
$17,940
2B
$739
$8,871
2F
OCCUPIED
812
1-BR
$1,570
$18,837
2F
$678
$8,132
3D
OCCUPIED
810
1-BR
$1,345
$16,137
3D
$736
$8,827
5F
OCCUPIED
812
1-BR
$1,448
$17,376
5F
$721
$8,653
5G
OCCUPIED
699
1-BR
$1,480
$17,754
5G
$721
$8,653
6G
OCCUPIED
699
1-BR
$1,360
$16,323
6G
$736
$8,827
6K
OCCUPIED
1,097
2-BR
$1,643
$19,714
6K
$1,076
$12,915
$12,961
$155,535
TOTAL
$6,776
$81,315
TOTAL
7,425
GROSS ANNUAL INCOME:
$155,535
MAINTENANCE FEES:
$81,315
NET OPERATING INCOME
$74,220
Asking Price: $1,500,000
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. Aaron Warkov Brian Streilein Edward Gevinski Jr. Brock Emmetsberger Brian Streilein Director Associate Director Senior Associate Director Executive Director Senior Associate (718) 307 6502 (718) 307 6551 (718) 307 6505
[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] (718) 307-6502
(212) 696-2500 ext. 7776
CUSHMAN & WAKEFIELD, INC. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com
(718) 307-6505
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.