41-40 junction boulevard

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41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

ASKING PRICE: $7,900,000 5.08% cap rate BLOCK & LOT:

1598-21

FAR:

2

LOT SQ FT:

6,200 sq ft

LANDMARKS:

None

LOT DIMENSIONS:

51' x 71'

COMMERCIAL UNITS:

2

CURRENT DIMENSIONS:

40' x 71'

COMMERCIAL SQ FT:

1,932 above grade

CURRENT STORIES:

4

COMMERCIAL SQ FT:

1,932 below grade

CURRENT SQUARE FOOTAGE:

11, 505 sq ft

RESIDENTIAL UNITS:

6 (all 2BR/2BTH)

YEAR BUILT:

2016

TAXES:

$18,000 (approx.)

ZONING:

R6B

GARY DANA

RICHARD (RICK) DANA

ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

PROJECTED REVENUE UNIT MEDICAL #1 MEDICAL #2 RESIDENTIAL 2L RESIDENTIAL 2R RESIDENTIAL 3L RESIDENTIAL 3R RESIDENTIAL 4L RESIDENTIAL 4R LAUNDRY ROOM TOTALS:

TENANT VACANT VACANT VACANT VACANT VACANT VACANT VACANT VACANT N/A

BED/BATH

SQ FT

3 BATH 1,932 3 BATH 1,932 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 2 BR/ 2 BTH 875 3 WASH/ 3 DRY 340 9,114

PROJECTED EXPENSES

LEASE

RENT/ SQ FT

MONTHLY RENT

N/A N/A N/A N/A N/A N/A N/A N/A N/A

$59.00 $59.00 $38.40 $38.40 $38.40 $38.40 $38.40 $38.40 N/A

$9,500 $9,500 $2,800 $2,800 $2,800 $2,800 $2,800 $2,800 $150 $36,850

ANNUAL RENT $114,000 $114,000 $33,600 $33,600 $33,600 $33,600 $33,600 $33,600 $1,800 $431,400

NET OPERATING INCOME

RE TAXES $18,000 TOTAL REVENUE $431,400 INSURANCE $6,000 TOTAL EXPENSES ($30,000) WATER & SEWER (TENANT PAYS) NET OPERATING INCOME $401,400 (TENANT PAYS) FUEL ASKING PRICE: $7,900,000 REPAIRS & MAINTENANCE $5,000 PRICE PER SQ FT $867 TOTAL EXPENSES $30,000 CAP RATE 5.08% GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

Page 3

NC

Third

Ground Grade Lower Level

9 feet

1,750 sq ft

D LV NB TIO

Second

Grade

1,750 sq ft

JU

Fourth

1,750 sq ft 2,875 sq ft 3,380 sq ft

67 feet

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

Floors 2-4

Ground

Lower Level

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM

41-40 JUNCTION BOULEVARD NORTHWEST CORNER OF 42ND AVENUE ELMHURST, NY 11368

GARY DANA

RICHARD (RICK) DANA ADAM KRAMER

SILVIA ABOUD

LIC. ASSOC R. E. BROKER O: 212.692.6183 E: [email protected]

LIC. ASSOC R. E. BROKER O: 212.692.6182 E: [email protected]

LIC. ASSOC R. E. BROKER O: 646.871.4356 E: [email protected]

LIC. R. E. SALESPERSON O: 212.455.4778 E: [email protected]

575 MADISON AVENUE, NY, NY 10022. 212.891.7000 | © 2015 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

THE DANA COMMERCIAL TEAM