Alex Svetlakov
10-Unit / Mixed-Use Property
FOR SALE 2870-2872 West 15th Street, Coney Island Projected Revenue Tenant
Lease Exp.
Monthly Rent
Annual Rent
M-M M-M M-M M-M M-M M-M
$800 $800 $850 $850 $800 $800
$9,600 $9,600 $10,200 $10,200 $9,600 $9,600
M-M M-M
$1,025 $1,025
$12,300 $12,300
$1,200 $1,200
$14,400 $14,400
$9,350
$112,200
2872 1st FL Senators Office 1st Floor - 1BR 2nd Floor - 1BR 2nd Floor - 1BR 3rd Floor - 1BR 3rd Floor - 1BR
2870 Front Apartment 1 - 2BR Apartment 2 - 2BR
2870 Rear (Recently renovated) Projected Projected
Apartment 1 - 2BR Apartment 2 - 2BR
Description: We are pleased to offer the opportunity to buy a mixed-use, 10 unit building in close proximity to the newly rezoned and revitalized Coney Island Amusement Area where NYC and private firms have invested nearly $500,000,000. The sales includes two front fully tenanted buildings and a free standing, vacant (recently renovated) two family house with a large storage room. The ground floor commercial space is used as a senator’s office. This is a unique opportunity to own a 10 unit property with tremendous upside in residential rent. The nearby major thoroughfares are Surf Avenue, Cropsey Avenue, and the Belt Parkway. Transportation includes the B68, B64, B82, B74, B36, X28, X38 buses as well as D, F, N, Q subway lines at Stillwell Avenue.
For further information or inspection, please contact Exclusive Agent:
Expenses Real Estate Taxes (13/14) Water/Sewer Insurance Fuel Electric Management & Reserve Owner's Expenses Effective Gross Income Owner's Expenses Net Operating Income
Per NYC Dept of Finance Estimated @ $.5/SF: Estimated @ $500/Unit: Estimated @ $1.25/SF: Estimated @ $.25/SF: 5%
($7,277) ($3,588) ($5,000) ($8,970) ($1,794) ($5,330) ($31,959) $106,590 ($31,959) $74,631
Block/Lot:
7022/37
Zoning:
R6
Lot Dims:
40’ X 118.81’
(Approx.)
Lot Size:
4,752 SF
(Approx.)
Building Size:
7,176 SF
(Combined Approx.)
RE Taxes (13/14):
$7,277
(Combined)
Alex Svetlakov
ASKING PRICE:
Director of Sales [email protected]
$1,200,000
718-606-7062
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 THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
FOR SALE 2870-2872 West 15th Street, Coney Island Projected Revenue Tenant
Lease Exp.
Monthly Rent
Annual Rent
M-M M-M M-M M-M M-M M-M
$800 $800 $850 $850 $800 $800
$9,600 $9,600 $10,200 $10,200 $9,600 $9,600
M-M M-M
$1,025 $1,025
$12,300 $12,300
$1,200 $1,200
$14,400 $14,400
$9,350
$112,200
2872 1st FL Senators Office 1st Floor - 1BR 2nd Floor - 1BR 2nd Floor - 1BR 3rd Floor - 1BR 3rd Floor - 1BR
2870 Front Apartment 1 - 2BR Apartment 2 - 2BR
2870 Rear (Recently renovated) Projected Projected
Apartment 1 - 2BR Apartment 2 - 2BR
Description: We are pleased to offer the opportunity to buy a mixed-use, 10 unit building in close proximity to the newly rezoned and revitalized Coney Island Amusement Area where NYC and private firms have invested nearly $500,000,000. The sales includes two front fully tenanted buildings and a free standing, vacant (recently renovated) two family house with a large storage room. The ground floor commercial space is used as a senator’s office. This is a unique opportunity to own a 10 unit property with tremendous upside in residential rent. The nearby major thoroughfares are Surf Avenue, Cropsey Avenue, and the Belt Parkway. Transportation includes the B68, B64, B82, B74, B36, X28, X38 buses as well as D, F, N, Q subway lines at Stillwell Avenue.
For further information or inspection, please contact Exclusive Agent:
Expenses Real Estate Taxes (13/14) Water/Sewer Insurance Fuel Electric Management & Reserve Owner's Expenses Effective Gross Income Owner's Expenses Net Operating Income
Per NYC Dept of Finance Estimated @ $.5/SF: Estimated @ $500/Unit: Estimated @ $1.25/SF: Estimated @ $.25/SF: 5%
($7,277) ($3,588) ($5,000) ($8,970) ($1,794) ($5,330) ($31,959) $106,590 ($31,959) $74,631
Block/Lot:
7022/37
Zoning:
R6
Lot Dims:
40’ X 118.81’
(Approx.)
Lot Size:
4,752 SF
(Approx.)
Building Size:
7,176 SF
(Combined Approx.)
RE Taxes (13/14):
$7,277
(Combined)
Alex Svetlakov
ASKING PRICE:
Director of Sales [email protected]
$1,200,000
718-606-7062
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 THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
