753 Union Avenue
753 Union Avenue Bronx, NY, 10455 Melrose Mixed-Use Corner Building For Sale Property Information: Block / Lot: Lot Dimensions: Lot Size SF: Building Dimensions: Gross Square Footage: Stories: Residential Units: Commercial Units: Zoning: FAR: Assessment (10/11): Taxes (10/11):
Turn-Key, Recently Renovated Property!
2676 / 19 20 ft x 54.5 ft 1,090 20 ft x 54.42 ft 4,200 4 4 1 R6 2.43 $41,945 $5,601
Located on the Northeast corner of Union Avenue and East 156th Street, the subject property is a four-story walk-up building with four (4) residential apartments and one (1) ground floor commercial unit. The residential segment consists of one 2-bedroom and three 3-bedroom units. Each 3-bedroom unit has a separate dining area and kitchen. The property has recently undergone a full gut renovation. The ground floor commercial tenant has five (5) years remaining on their lease and all units are individually metered for gas and electric. There are no open ECB or HPD violations. Conveniently located within walking distance from the Nos. 2 & 5 Subway lines and multiple bus lines, 753 Union Avenue benefits multiple transportation options. This offering is an ideal opportunity for investors seeking a turn-key investment opportunity with strong steady cash flow. For further information or inspection, please contact Exclusive Agents:
Nicholas Burns Director of Sales 212-660-7756 [email protected]
Andrew Essick Associate 212-660-7794 [email protected]
Pricing Indicators: Asking Price: Price / SF CAP Rate: GRM:
$720,000 $171 9.4% 8.1
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
753 Union Avenue Bronx, NY, 10455 Melrose Mixed-Use Corner Building For Sale Residential Income Unit 1 2 3 4 Total Residential Income:
Type 2 BR 3 BR 3 BR 3 BR
Commercial Income Tenant Type Lease Terms Grocery* Retail 5 Years Remaining Total Commerical Income: * Lease contains 6% annual increases Scheduled Gross Income: Vacancy / Collection Loss: at 3% of S.G.I. Adjusted Gross Annual Income: 753 Union Avenue Tax Map
Monthly Rent $ 850 $ 1,400 $ 1,675 $ 1,500 $ 5,425
Annual Rent $ 10,200 $ 16,800 $ 20,100 $ 18,000 $ 65,100
Monthly Rent $ 1,960 $ 1,960
Annual Rent $ 23,520 $ 23,520
$
$ $ $
7,385
88,620 2,659 85,961
Expenses: (Estimated)* Real Estate Taxes (10/11) Water & Sewer (@ $0.50 per sq. ft.) Electricty (Owner Actual) Insurance (Owner Actual Fuel (@ $1.25 per sq. ft.) Payroll & Maintenance (@ $200 per month) Management (assume self managed) Total:
$ $ $ $ $ $ $
*MKRS Projections
Gross Annual Income: Less Expenses: Net Operating Income:
$ $
Pricing Indicators: Asking Price: Price / SF CAP Rate: GRM:
753 Union Avenue Aerial
5,601 2,100 900 2,200 5,250 2,400 18,451
85,961 $18,451 67,510
$720,000 $171 9.4% 8.1
For further information or inspection, please contact Exclusive Agents:
Nicholas Burns Director of Sales 212-660-7756 [email protected]
Andrew Essick Associate 212-660-7794 [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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Turn-Key, Recently Renovated Property!
2676 / 19 20 ft x 54.5 ft 1,090 20 ft x 54.42 ft 4,200 4 4 1 R6 2.43 $41,945 $5,601
Located on the Northeast corner of Union Avenue and East 156th Street, the subject property is a four-story walk-up building with four (4) residential apartments and one (1) ground floor commercial unit. The residential segment consists of one 2-bedroom and three 3-bedroom units. Each 3-bedroom unit has a separate dining area and kitchen. The property has recently undergone a full gut renovation. The ground floor commercial tenant has five (5) years remaining on their lease and all units are individually metered for gas and electric. There are no open ECB or HPD violations. Conveniently located within walking distance from the Nos. 2 & 5 Subway lines and multiple bus lines, 753 Union Avenue benefits multiple transportation options. This offering is an ideal opportunity for investors seeking a turn-key investment opportunity with strong steady cash flow. For further information or inspection, please contact Exclusive Agents:
Nicholas Burns Director of Sales 212-660-7756 [email protected]
Andrew Essick Associate 212-660-7794 [email protected]
Pricing Indicators: Asking Price: Price / SF CAP Rate: GRM:
$720,000 $171 9.4% 8.1
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
753 Union Avenue Bronx, NY, 10455 Melrose Mixed-Use Corner Building For Sale Residential Income Unit 1 2 3 4 Total Residential Income:
Type 2 BR 3 BR 3 BR 3 BR
Commercial Income Tenant Type Lease Terms Grocery* Retail 5 Years Remaining Total Commerical Income: * Lease contains 6% annual increases Scheduled Gross Income: Vacancy / Collection Loss: at 3% of S.G.I. Adjusted Gross Annual Income: 753 Union Avenue Tax Map
Monthly Rent $ 850 $ 1,400 $ 1,675 $ 1,500 $ 5,425
Annual Rent $ 10,200 $ 16,800 $ 20,100 $ 18,000 $ 65,100
Monthly Rent $ 1,960 $ 1,960
Annual Rent $ 23,520 $ 23,520
$
$ $ $
7,385
88,620 2,659 85,961
Expenses: (Estimated)* Real Estate Taxes (10/11) Water & Sewer (@ $0.50 per sq. ft.) Electricty (Owner Actual) Insurance (Owner Actual Fuel (@ $1.25 per sq. ft.) Payroll & Maintenance (@ $200 per month) Management (assume self managed) Total:
$ $ $ $ $ $ $
*MKRS Projections
Gross Annual Income: Less Expenses: Net Operating Income:
$ $
Pricing Indicators: Asking Price: Price / SF CAP Rate: GRM:
753 Union Avenue Aerial
5,601 2,100 900 2,200 5,250 2,400 18,451
85,961 $18,451 67,510
$720,000 $171 9.4% 8.1
For further information or inspection, please contact Exclusive Agents:
Nicholas Burns Director of Sales 212-660-7756 [email protected]
Andrew Essick Associate 212-660-7794 [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 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
