Community Facility Condos For Sale - AGORAFY
Community Facility Condos For Sale 145 Kenilworth Place Flatbush, Brooklyn, NY 11210 Location:
Located on the east side of Kenilworth Place between Glenwood Road and Hillel Place.
Block & Lot:
7557 / 1101, 1102, 1103
Zoning:
R5B
Total Units:
3
1st Floor A SF:
935 SF (Approx.)
1st Floor B SF:
1,710 SF (Approx.)
Cellar SF:
2,096 SF (Approx.)
Total Gross Unit SF:
4,741 SF (Approx.)
PROJECTED REVENUE
Property Description: The subject are community facility condominium units in newly constructed elevator building located in rapidly growing Flatbush, half a block from 2 5 Flatbush Avenue – Brooklyn College Station offering access to Downtown Brooklyn and Manhattan within 20-25 minutes, 1 block from the Flatbush Avenue retail corridor, The Junction and Brooklyn College Campus.
Unit
SF
Interest
Rent
R.P.S.F.
Annual
1A
935
7.54%
$1,948
$25
$23,375
1B
1,710
8.07%
$3,563
$25
$42,750
Cellar
2,096
11.93%
$3,493
$20
$41,920
Total
4,741
27.54%
$9,004
$23
$108,045
PROVIDED / PROJECTED EXPENSES Type
MK Metrics
Projected
R.E. Taxes (14/15) Abatement)
DOF Tax Bill
$5,922
27.54% Common Interest
$1,288
5% of EGI
$5,402
Exp. Ratio: 11.67%
$12,612
Common Charges Vacancy & Management
Total:
The units are a combined 4,741 gross SF with 2 units on the first floor and 1 unit in the cellar. Units currently benefit from 421A tax abatement through 2026 with projected rents at $25/SF for first floor and $20/SF for cellar. Units will be delivered vacant.
Projected Effective Gross Income
$108,045
Less Expenses
($12,612)
Projected Net Operating Income
$95,433
ASKING PRICE: $1,450,000
For complete offering information or inspection, please contact Exclusive Agents: Richard Velotta
Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7065
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Community Facility Condos For Sale 145 Kenilworth Place Flatbush, Brooklyn, NY 11210
B Q
2
5
For complete offering information or inspection, please contact Exclusive Agents: Richard Velotta
Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7065
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Located on the east side of Kenilworth Place between Glenwood Road and Hillel Place.
Block & Lot:
7557 / 1101, 1102, 1103
Zoning:
R5B
Total Units:
3
1st Floor A SF:
935 SF (Approx.)
1st Floor B SF:
1,710 SF (Approx.)
Cellar SF:
2,096 SF (Approx.)
Total Gross Unit SF:
4,741 SF (Approx.)
PROJECTED REVENUE
Property Description: The subject are community facility condominium units in newly constructed elevator building located in rapidly growing Flatbush, half a block from 2 5 Flatbush Avenue – Brooklyn College Station offering access to Downtown Brooklyn and Manhattan within 20-25 minutes, 1 block from the Flatbush Avenue retail corridor, The Junction and Brooklyn College Campus.
Unit
SF
Interest
Rent
R.P.S.F.
Annual
1A
935
7.54%
$1,948
$25
$23,375
1B
1,710
8.07%
$3,563
$25
$42,750
Cellar
2,096
11.93%
$3,493
$20
$41,920
Total
4,741
27.54%
$9,004
$23
$108,045
PROVIDED / PROJECTED EXPENSES Type
MK Metrics
Projected
R.E. Taxes (14/15) Abatement)
DOF Tax Bill
$5,922
27.54% Common Interest
$1,288
5% of EGI
$5,402
Exp. Ratio: 11.67%
$12,612
Common Charges Vacancy & Management
Total:
The units are a combined 4,741 gross SF with 2 units on the first floor and 1 unit in the cellar. Units currently benefit from 421A tax abatement through 2026 with projected rents at $25/SF for first floor and $20/SF for cellar. Units will be delivered vacant.
Projected Effective Gross Income
$108,045
Less Expenses
($12,612)
Projected Net Operating Income
$95,433
ASKING PRICE: $1,450,000
For complete offering information or inspection, please contact Exclusive Agents: Richard Velotta
Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7065
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Community Facility Condos For Sale 145 Kenilworth Place Flatbush, Brooklyn, NY 11210
B Q
2
5
For complete offering information or inspection, please contact Exclusive Agents: Richard Velotta
Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Maria D’Angelo
Director of Sales [email protected]
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Administrative Assistant [email protected]
Tel: (718) 606-7065
Tel: (718) 606-7073
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
Tel: (718) 307-6521
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
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
