135 Bowery
n e w ly b u i lt c o m m e r c i a l b u i l d i n g
135 Bowery New York, NY
property snapshot Address:
135 Bowery
Location:
Located on the east side of the Bowery between Grand and Broome Streets
Block / Lot:
423 / 4
Lot Dimensions:
25’ x 106.67’
Lot Size (Approx):
2,632
Building Dimensions (Approx):
Floor
Gross SF
Dimensions
Ceiling Height
Cellar
2,625
25’ x 105’
10
Ground Floor
2,625
25’ x 105’
20’
Mezzanine
548
25’ x 22’
2nd Floor
2,625
25’ x 105’
10’
3rd Floor
2,104
25’ x 84’
10’
4th Floor
2,104
25’ x 84’
10’
5th Floor
2,104
25’ x 84’
10’
6th Floor
2,104
25’ x 84’
10’
7th Floor
1,693
25’ x 68’
10’
8th Floor
1,360
25 x 55’
10’
Total Square Footage (Approx):
17,267 (Above Grade)
Zoning:
C6-1G
Assessment (14/15)
$1,159,695
$220,851 * * Estimated taxes associated with the Industrial & Commerical Abatement Program (ICAP). Has not Taxes (14/15):
been finialized but should be shortly. Estimated without ICAP are approximately $288,468.
asking price $ 20,000,000 property description
BLOCK 423/ LOT 4
GRAND ST
C H R YS TI E S T
B OWER Y
B R O O M I E ST
135 Bower y is a newly built 25’ wide, 8-stor y, approximately 17,265 square foot commercial building with two elevator s. Located on the east side of Bower y between Grand and Broome Streets, the proper ty consists of a retail store on the ground floor with 20’ ceilings plus a mezzanine and seven (7) floor-through commercial units with 10’ slab-to-slab on each of floor s 2-8. This handsome newly constructed building will be delivered vacant, as a ‘white-box’, fully to code with HVAC package units on each floor and separate gas and electric meter s. As the Bower y emerges as one of New York City’s most vibrant new boutique neighborhoods, 135 Bower y sits in the epicenter of this transformation. Please note that The Building’s Cer tif icate of Occupancy will have a requirement that the third floor be utilized for community space as an ambulator y health care facility, which includes physicians, dentists, psychiatrists, psychologists, social worker s, physical therapists, etc., licensed by the State Depar tment of Education. This proper ty is a great oppor tunity for a retail, of f ice, or community facility user headquar ter s.
| For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo
Michael F. DeCheser
Vice President of Sales Vice Chairman 212.696.2500 ext. 7772 212.696.2500 x7700 [email protected] [email protected]
Craig M. Waggner
Director of Sales 212.696.2500 x7744 [email protected]
Darragh Clarke
Associate Director of Sales 212.696.2500 ext. 7737 [email protected]
Mei Ling Wong Senior Associate (212) 696-2500 x 7716 [email protected]
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. 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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
n e w ly b u i lt c o m m e r c i a l b u i l d i n g
135 Bowery New York, NY
PROJECTED RENT ROLL
Rent/SF
Projected Monthly Rent
Projected Annual Rent
$150
$39,663
$475,950
2,625
$50
$10,938
$131,250
Community Facility
2,104
$40
$7,013
$84,160
4
Commercial
2,104
$50
$8,767
$105,200
5
Commercial
2,104
$50
$8,767
$105,200
6
Commercial
2,104
$50
$8,767
$105,200
7
Commercial
1,693
$50
$7,054
$84,650
8
Commercial
1,360
$50
$5,667
$68,000
$96,634
$1,159,610
Floor
Use
Gross SF
Cellar
Storage / Mechanical
2,625
Ground Floor
Retail
2,625
Mezzanine
Retail
548
2
Commercial
3
Totals
17,267
*(1) Blended Rent per SF between ground and mezzanine.
asking price :
$20,000,000
EXPENSES: (ESTIMATED)
$ / SF
% of EGI
% of Op. Ex.
Real Estate Taxes (14/15)**
$12.79
19.05%
69.07%
$
220,851
Insurance
$1.00
1.49%
5.40%
$
17,265
Water & Sewer
$0.20
0.30%
1.08%
$
3,453
Gas / Heat (Individually Metered)
$0.00
0.00%
0.00%
$
0
Electric (Common Areas)
$0.35
0.52%
1.89%
$
6,043
Elevator Maintenance
$0.46
0.69%
2.50%
$
8,000
Repairs & Maintenance
$0.75
1.12%
4.05%
$
12,949
Super
$0.28
0.41%
1.50%
$
4,800
Management
$2.01
3.00%
10.88%
$
34,785
Miscellaneous
$0.67
1.00%
3.63%
$
11,595
$18.52
27.58%
100.00%
$
319,741
$
839,769
Total:
NET OPERATING INCOME
** Estimated taxes associated with the Industrial & Commerical Abatement Program (ICAP). Has not been finialized but should be shortly. Estimated without ICAP are approximately $288,468. | For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo
Michael F. DeCheser
Vice President of Sales Vice Chairman 212.696.2500 ext. 7772 212.696.2500 x7700 [email protected] [email protected]
Craig M. Waggner
Director of Sales 212.696.2500 x7744 [email protected]
Darragh Clarke
Associate Director of Sales 212.696.2500 ext. 7737 [email protected]
Mei Ling Wong Senior Associate (212) 696-2500 x 7716 [email protected]
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. 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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
135 Bowery New York, NY
property snapshot Address:
135 Bowery
Location:
Located on the east side of the Bowery between Grand and Broome Streets
Block / Lot:
423 / 4
Lot Dimensions:
25’ x 106.67’
Lot Size (Approx):
2,632
Building Dimensions (Approx):
Floor
Gross SF
Dimensions
Ceiling Height
Cellar
2,625
25’ x 105’
10
Ground Floor
2,625
25’ x 105’
20’
Mezzanine
548
25’ x 22’
2nd Floor
2,625
25’ x 105’
10’
3rd Floor
2,104
25’ x 84’
10’
4th Floor
2,104
25’ x 84’
10’
5th Floor
2,104
25’ x 84’
10’
6th Floor
2,104
25’ x 84’
10’
7th Floor
1,693
25’ x 68’
10’
8th Floor
1,360
25 x 55’
10’
Total Square Footage (Approx):
17,267 (Above Grade)
Zoning:
C6-1G
Assessment (14/15)
$1,159,695
$220,851 * * Estimated taxes associated with the Industrial & Commerical Abatement Program (ICAP). Has not Taxes (14/15):
been finialized but should be shortly. Estimated without ICAP are approximately $288,468.
asking price $ 20,000,000 property description
BLOCK 423/ LOT 4
GRAND ST
C H R YS TI E S T
B OWER Y
B R O O M I E ST
135 Bower y is a newly built 25’ wide, 8-stor y, approximately 17,265 square foot commercial building with two elevator s. Located on the east side of Bower y between Grand and Broome Streets, the proper ty consists of a retail store on the ground floor with 20’ ceilings plus a mezzanine and seven (7) floor-through commercial units with 10’ slab-to-slab on each of floor s 2-8. This handsome newly constructed building will be delivered vacant, as a ‘white-box’, fully to code with HVAC package units on each floor and separate gas and electric meter s. As the Bower y emerges as one of New York City’s most vibrant new boutique neighborhoods, 135 Bower y sits in the epicenter of this transformation. Please note that The Building’s Cer tif icate of Occupancy will have a requirement that the third floor be utilized for community space as an ambulator y health care facility, which includes physicians, dentists, psychiatrists, psychologists, social worker s, physical therapists, etc., licensed by the State Depar tment of Education. This proper ty is a great oppor tunity for a retail, of f ice, or community facility user headquar ter s.
| For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo
Michael F. DeCheser
Vice President of Sales Vice Chairman 212.696.2500 ext. 7772 212.696.2500 x7700 [email protected] [email protected]
Craig M. Waggner
Director of Sales 212.696.2500 x7744 [email protected]
Darragh Clarke
Associate Director of Sales 212.696.2500 ext. 7737 [email protected]
Mei Ling Wong Senior Associate (212) 696-2500 x 7716 [email protected]
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. 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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
n e w ly b u i lt c o m m e r c i a l b u i l d i n g
135 Bowery New York, NY
PROJECTED RENT ROLL
Rent/SF
Projected Monthly Rent
Projected Annual Rent
$150
$39,663
$475,950
2,625
$50
$10,938
$131,250
Community Facility
2,104
$40
$7,013
$84,160
4
Commercial
2,104
$50
$8,767
$105,200
5
Commercial
2,104
$50
$8,767
$105,200
6
Commercial
2,104
$50
$8,767
$105,200
7
Commercial
1,693
$50
$7,054
$84,650
8
Commercial
1,360
$50
$5,667
$68,000
$96,634
$1,159,610
Floor
Use
Gross SF
Cellar
Storage / Mechanical
2,625
Ground Floor
Retail
2,625
Mezzanine
Retail
548
2
Commercial
3
Totals
17,267
*(1) Blended Rent per SF between ground and mezzanine.
asking price :
$20,000,000
EXPENSES: (ESTIMATED)
$ / SF
% of EGI
% of Op. Ex.
Real Estate Taxes (14/15)**
$12.79
19.05%
69.07%
$
220,851
Insurance
$1.00
1.49%
5.40%
$
17,265
Water & Sewer
$0.20
0.30%
1.08%
$
3,453
Gas / Heat (Individually Metered)
$0.00
0.00%
0.00%
$
0
Electric (Common Areas)
$0.35
0.52%
1.89%
$
6,043
Elevator Maintenance
$0.46
0.69%
2.50%
$
8,000
Repairs & Maintenance
$0.75
1.12%
4.05%
$
12,949
Super
$0.28
0.41%
1.50%
$
4,800
Management
$2.01
3.00%
10.88%
$
34,785
Miscellaneous
$0.67
1.00%
3.63%
$
11,595
$18.52
27.58%
100.00%
$
319,741
$
839,769
Total:
NET OPERATING INCOME
** Estimated taxes associated with the Industrial & Commerical Abatement Program (ICAP). Has not been finialized but should be shortly. Estimated without ICAP are approximately $288,468. | For further information or inspection, please contact Exclusive Agents |
John F. Ciraulo
Michael F. DeCheser
Vice President of Sales Vice Chairman 212.696.2500 ext. 7772 212.696.2500 x7700 [email protected] [email protected]
Craig M. Waggner
Director of Sales 212.696.2500 x7744 [email protected]
Darragh Clarke
Associate Director of Sales 212.696.2500 ext. 7737 [email protected]
Mei Ling Wong Senior Associate (212) 696-2500 x 7716 [email protected]
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. 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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
