798 St. Johns Place - Agorafy
798 St. Johns Place Multifamily Building For Sale Crown Heights, Brooklyn, NY 11216 Located on the south side of Saint Johns Place between Rogers Avenue and Nostrand Avenue.
Location: Block & Lot:
1254 / 21
Lot Size:
29' x 106.25'
Lot SF:
2,993
Zoning:
R6B
FAR:
2.00
Building Size:
29' x 85'
Building SF:
8,676
Stories:
4
Units:
8
Assessment:
$97,254
R.E. Taxes:
$12,502
PROJECTED EXPENSES
MK METRICS
Real Estate Taxes (’14/’15)
DOF Property Tax Bill
$12,502
Water/Sewer*
$0.69 / SF
$6,000
Insurance*
$0.52 / SF
$4,500
Fuel*
$0.69 / SF
$6,000
Electric*
$0.08 / SF
$700
Maintenance & Repairs*
$0.09 / SF
$800
Supplies*
$0.14 / SF
$1,200
3% of EGI
$5,200
Management Property Description: The subject property is a 29 foot wide, 4-story multifamily building Total: located on the south side of Saint Johns Place between Rogers Avenue Effective Gross Income: and Nostrand Avenue in Crown Heights, Brooklyn. The building currently contains 4 four-bedroom apartments and 4 three-bedroom Less Estimated Expenses: apartments. Public transportation is available within 2 and half blocks Net Operating Income: of the property at the Nostrand Avenue Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes via the *Owner provided expense. 3 train. Take advantage of this opportunity to own an investment property in one of Brooklyn’s most rapidly growing neighborhoods.
$36,902 $215,352
Exp. Ratio: 17.14%
($36,902)
$178,450
ASKING PRICE: $3,750,000
For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
Aaron Warkov
DJ Johnston
Robert Moore
Adam Ecker
Executive Director [email protected]
Director [email protected]
Associate Director [email protected]
Associate Director [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6551
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7049
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com www.cushmanwakefield.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
798 St. Johns Place Multifamily Building For Sale Crown Heights, Brooklyn, NY 11216 ACTUAL / PROJECTED RENT ROLL
Collected Rents
Projected Rent
Unit
Type
Status
Net SF
$ / SF
Rent/Mo.
Annual Rent
$ / SF
Rent/Mo.
Annual Rent
Apt. 1 Apt. 2 Apt. 3 Apt. 4 Apt. 5 Apt. 6 Apt. 7 Apt. 8
3 BR 4 BR 3 BR 3 BR 4 BR 3 BR 4 BR 4 BR
RC FM RS RS FM RS FM FM
922 922 922 922 922 922 922 922
$2 $40 $11 $16 $40 $15 $40 $42
$150 $3,100 $814 $1,205 $3,100 $1,132 $3,050 $3,200
$1,800 $37,200 $9,768 $14,460 $37,200 $13,584 $36,600 $38,400
$2 $49 $11 $16 $49 $15 $49 $49
$150 $3,800 $814 $1,205 $3,800 $1,132 $3,800 $3,800
$1,800 $45,600 $9,768 $14,460 $45,600 $13,584 $45,600 $45,600
7,375
$26
$15,751
$189,012
$30
$18,501
$222,012
Vacancy & Credit Loss @ 3%:
($555)
($6,660)
Effective Gross Income:
$17,946
$215,352
Total / Average:
Nostrand Avenue Station
2 3
Eastern Parkway Brooklyn Museum Station
2 3 4 5 S
Franklin Avenue Botanic Garden Station
3
Nostrand Avenue Station
3
2 5
Kingston Avenue Station
President Street Station
ASKING PRICE: $3,750,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
Aaron Warkov
DJ Johnston
Robert Moore
Adam Ecker
Executive Director [email protected]
Director [email protected]
Associate Director [email protected]
Associate Director [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6551
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7049
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com www.cushmanwakefield.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Location: Block & Lot:
1254 / 21
Lot Size:
29' x 106.25'
Lot SF:
2,993
Zoning:
R6B
FAR:
2.00
Building Size:
29' x 85'
Building SF:
8,676
Stories:
4
Units:
8
Assessment:
$97,254
R.E. Taxes:
$12,502
PROJECTED EXPENSES
MK METRICS
Real Estate Taxes (’14/’15)
DOF Property Tax Bill
$12,502
Water/Sewer*
$0.69 / SF
$6,000
Insurance*
$0.52 / SF
$4,500
Fuel*
$0.69 / SF
$6,000
Electric*
$0.08 / SF
$700
Maintenance & Repairs*
$0.09 / SF
$800
Supplies*
$0.14 / SF
$1,200
3% of EGI
$5,200
Management Property Description: The subject property is a 29 foot wide, 4-story multifamily building Total: located on the south side of Saint Johns Place between Rogers Avenue Effective Gross Income: and Nostrand Avenue in Crown Heights, Brooklyn. The building currently contains 4 four-bedroom apartments and 4 three-bedroom Less Estimated Expenses: apartments. Public transportation is available within 2 and half blocks Net Operating Income: of the property at the Nostrand Avenue Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes via the *Owner provided expense. 3 train. Take advantage of this opportunity to own an investment property in one of Brooklyn’s most rapidly growing neighborhoods.
$36,902 $215,352
Exp. Ratio: 17.14%
($36,902)
$178,450
ASKING PRICE: $3,750,000
For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
Aaron Warkov
DJ Johnston
Robert Moore
Adam Ecker
Executive Director [email protected]
Director [email protected]
Associate Director [email protected]
Associate Director [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6551
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7049
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com www.cushmanwakefield.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
798 St. Johns Place Multifamily Building For Sale Crown Heights, Brooklyn, NY 11216 ACTUAL / PROJECTED RENT ROLL
Collected Rents
Projected Rent
Unit
Type
Status
Net SF
$ / SF
Rent/Mo.
Annual Rent
$ / SF
Rent/Mo.
Annual Rent
Apt. 1 Apt. 2 Apt. 3 Apt. 4 Apt. 5 Apt. 6 Apt. 7 Apt. 8
3 BR 4 BR 3 BR 3 BR 4 BR 3 BR 4 BR 4 BR
RC FM RS RS FM RS FM FM
922 922 922 922 922 922 922 922
$2 $40 $11 $16 $40 $15 $40 $42
$150 $3,100 $814 $1,205 $3,100 $1,132 $3,050 $3,200
$1,800 $37,200 $9,768 $14,460 $37,200 $13,584 $36,600 $38,400
$2 $49 $11 $16 $49 $15 $49 $49
$150 $3,800 $814 $1,205 $3,800 $1,132 $3,800 $3,800
$1,800 $45,600 $9,768 $14,460 $45,600 $13,584 $45,600 $45,600
7,375
$26
$15,751
$189,012
$30
$18,501
$222,012
Vacancy & Credit Loss @ 3%:
($555)
($6,660)
Effective Gross Income:
$17,946
$215,352
Total / Average:
Nostrand Avenue Station
2 3
Eastern Parkway Brooklyn Museum Station
2 3 4 5 S
Franklin Avenue Botanic Garden Station
3
Nostrand Avenue Station
3
2 5
Kingston Avenue Station
President Street Station
ASKING PRICE: $3,750,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
Aaron Warkov
DJ Johnston
Robert Moore
Adam Ecker
Executive Director [email protected]
Director [email protected]
Associate Director [email protected]
Associate Director [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
Tel: (718) 307-6551
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7049
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com www.cushmanwakefield.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
