131 5th Ave_Cover_initials_LQ
Park Slope, Brooklyn Mixed-use Building
EXCLUSIVE LISTING
131 5th Avenue Brooklyn, NY 11217
Aryan Binazir Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4683 [email protected]
Investment Summary ADDRESS:
131 5TH AVENUE, BROOKLYN, NY 11217 BETWEEN STERLING AND ST JOHN’S PLACES
DESCRIPTION:
A FOUR-STORY, WALK-UP MIXED-USE BUILDING CONSISTING OF SIX RESIDENTIAL UNITS AND ONE COMMERCIAL UNIT.
LOT SIZE:
20’ X 80’
LOT AREA: 1,600 SF
BUILT SIZE:
20’ X 60’
BUILT AREA: 5,200 SF
BLOCK/LOT:
944/04
TOTAL BUILDABLE SF: 3,200 SF
ZONING:
R6A/C1-4
F.A.R: 2.0
TOTAL ASSESSMENT: $82,427
INCOME:
6/3, 1/RETAIL TOTAL APTS: 6 6 APT(S) ACT. 1 COMMERCIAL PROJ.
TOTAL ROOMS: 18
TOTAL RETAIL: 1
$ $
126,000 84,000
TAXES (14/15) WATER & SEWER INSURANCE FUEL UTILITIES REPAIRS & MAINT. NET OPERATING INCOME:
$ $ $ $ $ $
10,596 5,600 3,500 8,320 1,300 4,850
PRICE:
$5,000,000
ALL CASH
REMARKS:
THE LAUNDROMAT BUSINESS HAS BEEN PURCHASED BY THE BUILDING OWNER, THE RETAIL CAN BE DELIVERED WITH THE LAUNDROMAT BUSINESS OR VACANT. THE CURRENT RENTS ARE BELOW MARKET VALUE AND THE RETAIL UNIT CAN BE DELIVERED VACANT, LEAVING PLENTY OF ROOM FOR UPSIDE. THE PROPERTY IS LOCATED IN THE HEART OF PARK SLOPE; FOUND IN PARK SLOPE’S PRIME 5TH AVE RETAIL CORRIDOR. WITHIN WALKING DISTANCE OF THE BERGEN ST 2,3 & 4 AND UNION ST D,N & R TRAIN STATIONS
ESTIMATED EXPENSES:
$210,000
$34,166 $175,834
AVERAGE RENT PER APT: $1,750; AVERAGE RENT PER ROOM: $583
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
PROPERTY OVERVIEW
LAYOUT:
1
Investment Summary 131 5TH AVENUE RENT ROLL: UNIT LAUNDROMAT* 1 2 3 4 5 6 TOTAL
ROOMS 3 3 3 3 3 3 18
STATUS OWNER OCC FM FM FM FM RS RS
RENT/MO $ 7,000 $ 2,100 $ 2,200 $ 1,700 $ 2,100 $ 1,200 $ 1,200 $ 17,500
RENT/YR $ 84,000 $ 25,200 $ 26,400 $ 20,400 $ 25,200 $ 14,400 $ 14,400 $ 210,000
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
ADDITIONAL INFORMATION
*OWNER OCCUPIED; RENT PROJECTED
2
EXCLUSIVE LISTING
131 5th Avenue Brooklyn, NY 11217
Aryan Binazir Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4683 [email protected]
Investment Summary ADDRESS:
131 5TH AVENUE, BROOKLYN, NY 11217 BETWEEN STERLING AND ST JOHN’S PLACES
DESCRIPTION:
A FOUR-STORY, WALK-UP MIXED-USE BUILDING CONSISTING OF SIX RESIDENTIAL UNITS AND ONE COMMERCIAL UNIT.
LOT SIZE:
20’ X 80’
LOT AREA: 1,600 SF
BUILT SIZE:
20’ X 60’
BUILT AREA: 5,200 SF
BLOCK/LOT:
944/04
TOTAL BUILDABLE SF: 3,200 SF
ZONING:
R6A/C1-4
F.A.R: 2.0
TOTAL ASSESSMENT: $82,427
INCOME:
6/3, 1/RETAIL TOTAL APTS: 6 6 APT(S) ACT. 1 COMMERCIAL PROJ.
TOTAL ROOMS: 18
TOTAL RETAIL: 1
$ $
126,000 84,000
TAXES (14/15) WATER & SEWER INSURANCE FUEL UTILITIES REPAIRS & MAINT. NET OPERATING INCOME:
$ $ $ $ $ $
10,596 5,600 3,500 8,320 1,300 4,850
PRICE:
$5,000,000
ALL CASH
REMARKS:
THE LAUNDROMAT BUSINESS HAS BEEN PURCHASED BY THE BUILDING OWNER, THE RETAIL CAN BE DELIVERED WITH THE LAUNDROMAT BUSINESS OR VACANT. THE CURRENT RENTS ARE BELOW MARKET VALUE AND THE RETAIL UNIT CAN BE DELIVERED VACANT, LEAVING PLENTY OF ROOM FOR UPSIDE. THE PROPERTY IS LOCATED IN THE HEART OF PARK SLOPE; FOUND IN PARK SLOPE’S PRIME 5TH AVE RETAIL CORRIDOR. WITHIN WALKING DISTANCE OF THE BERGEN ST 2,3 & 4 AND UNION ST D,N & R TRAIN STATIONS
ESTIMATED EXPENSES:
$210,000
$34,166 $175,834
AVERAGE RENT PER APT: $1,750; AVERAGE RENT PER ROOM: $583
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
PROPERTY OVERVIEW
LAYOUT:
1
Investment Summary 131 5TH AVENUE RENT ROLL: UNIT LAUNDROMAT* 1 2 3 4 5 6 TOTAL
ROOMS 3 3 3 3 3 3 18
STATUS OWNER OCC FM FM FM FM RS RS
RENT/MO $ 7,000 $ 2,100 $ 2,200 $ 1,700 $ 2,100 $ 1,200 $ 1,200 $ 17,500
RENT/YR $ 84,000 $ 25,200 $ 26,400 $ 20,400 $ 25,200 $ 14,400 $ 14,400 $ 210,000
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
ADDITIONAL INFORMATION
*OWNER OCCUPIED; RENT PROJECTED
2
