10 9426 9 Manhattan Valley
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. October 30, 2015 11:08 AM
963 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
10 Units
9,426
9
Gross SF
Free Market Units
Manhattan Valley Location
Property Information Address
963 Columbus Avenue, New York, NY 10025
Location
East side of Columbus Avenue between West 107th Street and West 108th Street
Block / Lot
1843 / 2
Stories
5
Total Number of Units
10 (1 Commercial)
Zoning (FAR)
R8B / C1-5 (4.0)
Lot Dimensions
25.25' x 100'
Lot Size
2,525
Building Dimensions
25' x 88'
Building Size
9,426
Air Rights
674
Taxes (15/16)
$64,724
Investment Highlights Ariel Property Advisors presents 963 Columbus Avenue, a mixed-use walk-up building located in the Upper West Side section of Manhattan. Offering a strong and stable cash flow to investors, the assets are well positioned to take advantage of the area’s local institutions and its continued growth. 963 Columbus Avenue is a 25’ wide, five (5) story mixed-use walk-up building located on the east side of Columbus Avenue between West 107th and West 108th Street. 963 Columbus contains nine (9) residential units and one (1) commercial space. The property has a unit mix of five (5) three-bedroom units, two (2) two-bedroom units, and two (2) one-bedroom units. The buildings nine (9) residential units all earn free market rents. Tenancy pays for all electric, heating and cooling with individual boilers installed in the basement. 963 Columbus Avenue enjoys easy access to Manhattan and outer borough locations via the 1 train on Broadway and 103rd Street and the A,B,C train on 110th Street and Central Park West. The area benefits greatly from its close proximity to major institutions and landmarks such as Central Park, Morningside Park, Barnard College, and Columbia University. 963 Columbus Avenue is a turn-key mixed-use building offering investors a rare opportunity to achieve absolute market-rate rents in a highly desirable section of the Upper West Side that continues to attract greater residential demand and retail growth.
Current Roll
EXPENSES: (ESTIMATED) Real Estate Taxes (15/16)
$64,724
Water & Sewer
$8,500
Insurance
$6,000
Fuel (Indivudually Metered)
$1,119
Electric
$3,262
Cleaning & Maintenance
$4,800
Scheduled Gross Income:
$396,108
Repairs
$3,600
Less Vacancy Rate Reserve (3.0%):
($11,883)
Payroll
$5,200
Gross Operating Income:
$384,225
Legal/Miscellaneous
$3,842
Less Expenses:
($112,574)
28%
% of SGI
Management
$11,527
$271,651
3.20%
Cap Rate
Gross Operating Expenses
Net Operating Income:
$112,574
Asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents Shimon Shkury
Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Josh Kwilecki
212.544.9500 x11
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x53
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
EDGE
E DR
6
M G CO ID MA M BR DA
2
B D
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used W 155herein ST are an arbitrary percentage used only as an AUDUBON example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, C 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 contained herein. TERRACE 155 ST October 30, 2015 11:08 AM
Bx
6
98
HOLA ST NIC
AMSTERDAM AV
FREDERICK DOUGLASS BLVD
$5,220
$3,795
$18,975
Comm.
2
$2,122
$6,000 $19,850
5
4
Total Annual Income:
$62,640
$6,500
$33,009
$36,940
$396,108
W 137 ST
1
W 139 ST
W 139 ST
135 ST B C
CITY COLLEGE
Tax Map
WESLEY WILLIAMS PL
Bx
33
5
11
W 131 ST
104 Bx
15 MAR 15 TIN LUT H
ER K
D
1843 4 104
125 ST
Bx
60 15
2 3
100 101
DR MARTIN LUTHER KI
Bx
STUDIO MUSEUM IN HARLEM
10
W 122 ST
MANHATTAN AV
FREDERICK DOUGLASS BLVD
2 3
W 116 ST
W 116 ST
2
7
NING
116
Cathedral Pkwy (110 St)
MOR
1
116 St
AV
DR SIDE
B C
AS
AMSTERDAM AV
116 St
OL
Cathedral Pkwy (110 St)
OLAS AV
3
CH
CATHEDRAL OF ST JOHN THE DIVINE
NI
W 113 ST
ST NICH
3
MORNINGSIDE PARK
116 St Columbia University
B C
4
W 112 ST
Central Park North (110 St)
2 3 2
CENTRAL PARKDANA DISCOV CENTRAL NORTH HARLE
Subject Property 7 116
60
RIVERSIDE PARK
116
LASKER RINK
DUKE ELINGTON BLVD W 106 ST
W 105 ST
1
B C 103 ST
W 103 ST
103 ST
RIVERSIDE DR
W 101 ST
7
104
11
7
10
11
96 106
W 96 ST
96 ST
1
96 106
W 97 ST
W 97 ST
B C 96 ST
For More Information Please Contact Our Exclusive3 Sales Agents Josh Berkowitz
Matthew Gillis
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
[email protected]
[email protected]
[email protected] 104
W 91 ST
COLUMBUS AV
Michael A. Tortorici
AMSTERDAM AV
Victor Sozio 212.544.9500 x12
WESTEND AV
Shimon Shkury
[email protected]
CENTRAL PARK Josh Kwilecki
CENTRAL PARK WEST
BROADWAY
2
212.544.9500 x11 [email protected]
NORT MEADOW
W 100 ST
Asking Price: $8,500,000
MEE
MUSEO BARR MUSEUO OF T CITY OF NEW Y
W 104 ST W 103 ST
W 130 S
60 15
ST
W 116 ST 1map Location
BROADWAY
135 ST
100 101
60
COLUMBIA UNIVERSITY
B
3
APOLLO THEATRE
B D 125 ST
W 120 ST
West 107 Street
5
W 135 ST
2 3
11 60
th
3d View
A C
104
MORNINGSIDE AV
2
GRANT’S TOMB
BLV
BROADWAY
5
ING
W 137 ST
SCHOMBURG CENTRE
HARLEM
W 129 ST
1 DR
CLARENONT AV
Columbus Avenue
125 ST
5
ST NICHOLAS PARK
100 101
Manhattan Avenue
RIVERSIDE DR
W 135 ST
West 108th Street
102 7
2
$50,922
$443,280
137 ST CITY COLLEGE
145 ST
OLAS AV
Total Monthly Income:
Bx
19
Pro Forma 3 Annual Income
$227,706 10
100 101
PL
RIVERBANK STATE PARK$4,244
BRADHURST AV
EDGECOMBE AV
W 143 ST
11
W 146 ST W 145 ST
LENOX AV
$2,610
5
1
Annual Income $54,840
CONVENT AV
2
B D
ST NICH
4.5
1
Pro19 Forma WMonthly 145 ST Income $4,590
Bx
6
145 ST Bx
Monthly Income 11 19 $4,570
ILTO N
Avg Rent/Unit $2,285
HAM
No of Units 2
7 102
W 147 ST
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
BROADWAY
# of Rooms 3.5
A C
3
DR
Schedule Income
Harlem 148 St
W 150 ST
ER RIV
3
EM RL
S AV
W 150 ST Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
W 147 ST
HA
JACKIE ROBINSON
963 Columbus Avenue, New York, NY 10025 PARK
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
MT MORRIS PARK W
SID RIVER
1 W 157 ST 157 ST
Bx
212.544.9500 x53
RESERVOIR
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
JEWISH MU
COOPER MUS NATIONAL AC MUSEUM GUGG
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. October 30, 2015 11:08 AM
963 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE Rent Roll | 963 Columbus Avenue Apt
Status
# of Rooms
Actual / Projected
Monthly Rent
Pro Forma Rent
Lease Expiration
1A
FM
6
Actual
$3,750
$4,000
8/31/2016
2A
FM
3.5
Actual
$2,295
$2,295
8/31/2016
2B
FM
6
Actual
$3,850
$4,000
7/31/2016
3A
FM
4.5
Actual
$2,525
$3,000
3/31/2016
3B
FM
6
Actual
$3,750
$4,000
5/31/2016
4A
FM
4.5
Projected
$2,695
$3,000
-
4B
FM
6
Actual
$3,813
$4,000
5/31/2016
5A
FM
3.5
Actual
$2,275
$2,295
1/31/2016
5B ST2 STORAGE
FM
6
Actual
$3,813
$3,850
5/31/2016
Comm
-
Actual
$3,744
$6,000
3/31/2017
-
-
Actual
$500
$500
M-T-M
Gross Monthly Rent Adjusted Gross Annual Rent
$33,009
$36,940
$396,108
$443,280
Number of Units
10
Asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents Shimon Shkury
Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Josh Kwilecki
212.544.9500 x11
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x53
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
963 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
10 Units
9,426
9
Gross SF
Free Market Units
Manhattan Valley Location
Property Information Address
963 Columbus Avenue, New York, NY 10025
Location
East side of Columbus Avenue between West 107th Street and West 108th Street
Block / Lot
1843 / 2
Stories
5
Total Number of Units
10 (1 Commercial)
Zoning (FAR)
R8B / C1-5 (4.0)
Lot Dimensions
25.25' x 100'
Lot Size
2,525
Building Dimensions
25' x 88'
Building Size
9,426
Air Rights
674
Taxes (15/16)
$64,724
Investment Highlights Ariel Property Advisors presents 963 Columbus Avenue, a mixed-use walk-up building located in the Upper West Side section of Manhattan. Offering a strong and stable cash flow to investors, the assets are well positioned to take advantage of the area’s local institutions and its continued growth. 963 Columbus Avenue is a 25’ wide, five (5) story mixed-use walk-up building located on the east side of Columbus Avenue between West 107th and West 108th Street. 963 Columbus contains nine (9) residential units and one (1) commercial space. The property has a unit mix of five (5) three-bedroom units, two (2) two-bedroom units, and two (2) one-bedroom units. The buildings nine (9) residential units all earn free market rents. Tenancy pays for all electric, heating and cooling with individual boilers installed in the basement. 963 Columbus Avenue enjoys easy access to Manhattan and outer borough locations via the 1 train on Broadway and 103rd Street and the A,B,C train on 110th Street and Central Park West. The area benefits greatly from its close proximity to major institutions and landmarks such as Central Park, Morningside Park, Barnard College, and Columbia University. 963 Columbus Avenue is a turn-key mixed-use building offering investors a rare opportunity to achieve absolute market-rate rents in a highly desirable section of the Upper West Side that continues to attract greater residential demand and retail growth.
Current Roll
EXPENSES: (ESTIMATED) Real Estate Taxes (15/16)
$64,724
Water & Sewer
$8,500
Insurance
$6,000
Fuel (Indivudually Metered)
$1,119
Electric
$3,262
Cleaning & Maintenance
$4,800
Scheduled Gross Income:
$396,108
Repairs
$3,600
Less Vacancy Rate Reserve (3.0%):
($11,883)
Payroll
$5,200
Gross Operating Income:
$384,225
Legal/Miscellaneous
$3,842
Less Expenses:
($112,574)
28%
% of SGI
Management
$11,527
$271,651
3.20%
Cap Rate
Gross Operating Expenses
Net Operating Income:
$112,574
Asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents Shimon Shkury
Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Josh Kwilecki
212.544.9500 x11
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x53
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
EDGE
E DR
6
M G CO ID MA M BR DA
2
B D
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used W 155herein ST are an arbitrary percentage used only as an AUDUBON example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, as well as the investment income, the tax bracket, C 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 contained herein. TERRACE 155 ST October 30, 2015 11:08 AM
Bx
6
98
HOLA ST NIC
AMSTERDAM AV
FREDERICK DOUGLASS BLVD
$5,220
$3,795
$18,975
Comm.
2
$2,122
$6,000 $19,850
5
4
Total Annual Income:
$62,640
$6,500
$33,009
$36,940
$396,108
W 137 ST
1
W 139 ST
W 139 ST
135 ST B C
CITY COLLEGE
Tax Map
WESLEY WILLIAMS PL
Bx
33
5
11
W 131 ST
104 Bx
15 MAR 15 TIN LUT H
ER K
D
1843 4 104
125 ST
Bx
60 15
2 3
100 101
DR MARTIN LUTHER KI
Bx
STUDIO MUSEUM IN HARLEM
10
W 122 ST
MANHATTAN AV
FREDERICK DOUGLASS BLVD
2 3
W 116 ST
W 116 ST
2
7
NING
116
Cathedral Pkwy (110 St)
MOR
1
116 St
AV
DR SIDE
B C
AS
AMSTERDAM AV
116 St
OL
Cathedral Pkwy (110 St)
OLAS AV
3
CH
CATHEDRAL OF ST JOHN THE DIVINE
NI
W 113 ST
ST NICH
3
MORNINGSIDE PARK
116 St Columbia University
B C
4
W 112 ST
Central Park North (110 St)
2 3 2
CENTRAL PARKDANA DISCOV CENTRAL NORTH HARLE
Subject Property 7 116
60
RIVERSIDE PARK
116
LASKER RINK
DUKE ELINGTON BLVD W 106 ST
W 105 ST
1
B C 103 ST
W 103 ST
103 ST
RIVERSIDE DR
W 101 ST
7
104
11
7
10
11
96 106
W 96 ST
96 ST
1
96 106
W 97 ST
W 97 ST
B C 96 ST
For More Information Please Contact Our Exclusive3 Sales Agents Josh Berkowitz
Matthew Gillis
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
[email protected]
[email protected]
[email protected] 104
W 91 ST
COLUMBUS AV
Michael A. Tortorici
AMSTERDAM AV
Victor Sozio 212.544.9500 x12
WESTEND AV
Shimon Shkury
[email protected]
CENTRAL PARK Josh Kwilecki
CENTRAL PARK WEST
BROADWAY
2
212.544.9500 x11 [email protected]
NORT MEADOW
W 100 ST
Asking Price: $8,500,000
MEE
MUSEO BARR MUSEUO OF T CITY OF NEW Y
W 104 ST W 103 ST
W 130 S
60 15
ST
W 116 ST 1map Location
BROADWAY
135 ST
100 101
60
COLUMBIA UNIVERSITY
B
3
APOLLO THEATRE
B D 125 ST
W 120 ST
West 107 Street
5
W 135 ST
2 3
11 60
th
3d View
A C
104
MORNINGSIDE AV
2
GRANT’S TOMB
BLV
BROADWAY
5
ING
W 137 ST
SCHOMBURG CENTRE
HARLEM
W 129 ST
1 DR
CLARENONT AV
Columbus Avenue
125 ST
5
ST NICHOLAS PARK
100 101
Manhattan Avenue
RIVERSIDE DR
W 135 ST
West 108th Street
102 7
2
$50,922
$443,280
137 ST CITY COLLEGE
145 ST
OLAS AV
Total Monthly Income:
Bx
19
Pro Forma 3 Annual Income
$227,706 10
100 101
PL
RIVERBANK STATE PARK$4,244
BRADHURST AV
EDGECOMBE AV
W 143 ST
11
W 146 ST W 145 ST
LENOX AV
$2,610
5
1
Annual Income $54,840
CONVENT AV
2
B D
ST NICH
4.5
1
Pro19 Forma WMonthly 145 ST Income $4,590
Bx
6
145 ST Bx
Monthly Income 11 19 $4,570
ILTO N
Avg Rent/Unit $2,285
HAM
No of Units 2
7 102
W 147 ST
ADAM CLAYTON POWELL JR BLVD (7 AVENUE)
BROADWAY
# of Rooms 3.5
A C
3
DR
Schedule Income
Harlem 148 St
W 150 ST
ER RIV
3
EM RL
S AV
W 150 ST Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE
W 147 ST
HA
JACKIE ROBINSON
963 Columbus Avenue, New York, NY 10025 PARK
Bx6 to Hunts Pt Food Ctr via Yankee Stadium
MT MORRIS PARK W
SID RIVER
1 W 157 ST 157 ST
Bx
212.544.9500 x53
RESERVOIR
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
JEWISH MU
COOPER MUS NATIONAL AC MUSEUM GUGG
Theinformationcontainedhereinhaseitherbeengiventousbytheownerofthepropertyorobtainedfromsourcesthatwedeemreliable.Wehavenoreasontodoubtitsaccuracybutwedonotguaranteetheaccuracyofany information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made below, 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 contained herein. October 30, 2015 11:08 AM
963 Columbus Avenue, New York, NY 10025 Upper West Side Walk-Up Mixed-Use Buildings, 10 Units | FOR SALE Rent Roll | 963 Columbus Avenue Apt
Status
# of Rooms
Actual / Projected
Monthly Rent
Pro Forma Rent
Lease Expiration
1A
FM
6
Actual
$3,750
$4,000
8/31/2016
2A
FM
3.5
Actual
$2,295
$2,295
8/31/2016
2B
FM
6
Actual
$3,850
$4,000
7/31/2016
3A
FM
4.5
Actual
$2,525
$3,000
3/31/2016
3B
FM
6
Actual
$3,750
$4,000
5/31/2016
4A
FM
4.5
Projected
$2,695
$3,000
-
4B
FM
6
Actual
$3,813
$4,000
5/31/2016
5A
FM
3.5
Actual
$2,275
$2,295
1/31/2016
5B ST2 STORAGE
FM
6
Actual
$3,813
$3,850
5/31/2016
Comm
-
Actual
$3,744
$6,000
3/31/2017
-
-
Actual
$500
$500
M-T-M
Gross Monthly Rent Adjusted Gross Annual Rent
$33,009
$36,940
$396,108
$443,280
Number of Units
10
Asking Price: $8,500,000 For More Information Please Contact Our Exclusive Sales Agents Shimon Shkury
Victor Sozio
Michael A. Tortorici
Josh Berkowitz
Matthew Gillis
Josh Kwilecki
212.544.9500 x11
212.544.9500 x12
212.544.9500 x13
212.544.9500 x41
212.544.9500 x42
212.544.9500 x53
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Ariel Property Advisors | Building Results | 122 East 42nd Street, Suite 1015 - New York NY 10168 | 212.544.9500 | arielpa.com
