3844 White Plains Road ASKING PRICE: $650000 - Agorafy
3844 White Plains Road Mixed-Use Building in Williamsbridge Bronx, NY 10467 Block: Lot: Lot Size: Lot Sq. Ft.: Building Size: Building Sq. Ft.: Stories: Total Units: Residential/Commercial Units: Zoning: Assessment (14/15): Taxes (14/15):
4668 59 23’ x 80’ 1,900 21’ x 52’ 3,120 3 3 2/1 C2-4 / R6 $19,200 $3,685
ASKING PRICE: $650,000 ASKING PRICE: $7,000,000
CAP Rate: 8.6% PPSF: $208
Property Description: Massey Knakal is pleased to present 3844 White Plains Road, a three story mixed-use walk-up building located in the Williamsbridge neighborhood of the North Bronx. The property contains two residential units and one commercial unit, currently occupied by a 24 hour deli. There are two floor-thru apartments located on each floor, each are three bedrooms; both residential apartments are Section 8 (see page two for income info/breakdown). There is also gated parking for about 2 cars in the rear. Each of the units are separately metered, the building has recently been converted to gas and there are two high efficiency units in the basement . Located on the southeast corner of 221st Street, fronting the elevated train, the property has easy access to the 219th Street #2/5 subway lines. It is also easily reached via car from the Bronx River Parkway, Gun Hill Rd, and East 233rd Street. Please call for more info.
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
3844 White Plains Road Mixed-Use Building in Williamsbridge Bronx, NY 10467 Owner Supplied - 7/14
Tenant
Floor
Lease Exp.
Lease Type
Deli Apt 1 Apt 2 Parking Spaces x 2
1 2 3 Yard
12/1/22 12/31/14 12/31/14 Projected
n/a S8 S8 n/a
REVENUE: Gross Monthly Income Gross Annual Income Vacancy and Collection Loss Adjusted Gross Annual Income
Monthly Rent
Annual Rent
$ $ $ $ $
$ $ $ $ $
$ $ $ $
8%
EXPENSES: Taxes (14/15): Electric: Fuel: Water & Sewer: Repairs and Maintenance: Management: Insurance: Legal Fees & Misc: Total:
@
@ @
Actual Actual $ 1,100 Actual
$
/ unit
1 / psf 2% / egi
Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
2,301 1,850 1,856 200 6,207
ASKING PRICE: $650,000
27,612 22,200 22,272 2,400 74,484
6,207 74,484 5,959 68,525
$ $ $ $
3,685 960 2,200 1,364 tenant pays assume self-managed $ 3,120 $ 1,371 $ 12,700 $ $ $
68,525 12,700 55,826
For further information or inspection, please contact Exclusive Agents: Karl Brumback Senior Vice President of Sales [email protected] 212-696-2500 x 7731
Joshua Rubin Director of Sales [email protected] 212-696-2500 x 7752
Samuel Hamlin Associate [email protected] 212-696-2500 x 7719
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
4668 59 23’ x 80’ 1,900 21’ x 52’ 3,120 3 3 2/1 C2-4 / R6 $19,200 $3,685
ASKING PRICE: $650,000 ASKING PRICE: $7,000,000
CAP Rate: 8.6% PPSF: $208
Property Description: Massey Knakal is pleased to present 3844 White Plains Road, a three story mixed-use walk-up building located in the Williamsbridge neighborhood of the North Bronx. The property contains two residential units and one commercial unit, currently occupied by a 24 hour deli. There are two floor-thru apartments located on each floor, each are three bedrooms; both residential apartments are Section 8 (see page two for income info/breakdown). There is also gated parking for about 2 cars in the rear. Each of the units are separately metered, the building has recently been converted to gas and there are two high efficiency units in the basement . Located on the southeast corner of 221st Street, fronting the elevated train, the property has easy access to the 219th Street #2/5 subway lines. It is also easily reached via car from the Bronx River Parkway, Gun Hill Rd, and East 233rd Street. Please call for more info.
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
3844 White Plains Road Mixed-Use Building in Williamsbridge Bronx, NY 10467 Owner Supplied - 7/14
Tenant
Floor
Lease Exp.
Lease Type
Deli Apt 1 Apt 2 Parking Spaces x 2
1 2 3 Yard
12/1/22 12/31/14 12/31/14 Projected
n/a S8 S8 n/a
REVENUE: Gross Monthly Income Gross Annual Income Vacancy and Collection Loss Adjusted Gross Annual Income
Monthly Rent
Annual Rent
$ $ $ $ $
$ $ $ $ $
$ $ $ $
8%
EXPENSES: Taxes (14/15): Electric: Fuel: Water & Sewer: Repairs and Maintenance: Management: Insurance: Legal Fees & Misc: Total:
@
@ @
Actual Actual $ 1,100 Actual
$
/ unit
1 / psf 2% / egi
Adjusted Gross Annual Income: Less Expenses: Net Operating Income:
2,301 1,850 1,856 200 6,207
ASKING PRICE: $650,000
27,612 22,200 22,272 2,400 74,484
6,207 74,484 5,959 68,525
$ $ $ $
3,685 960 2,200 1,364 tenant pays assume self-managed $ 3,120 $ 1,371 $ 12,700 $ $ $
68,525 12,700 55,826
For further information or inspection, please contact Exclusive Agents: Karl Brumback Senior Vice President of Sales [email protected] 212-696-2500 x 7731
Joshua Rubin Director of Sales [email protected] 212-696-2500 x 7752
Samuel Hamlin Associate [email protected] 212-696-2500 x 7719
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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
