171 Bay 17th St_Cover_initials_LQ - AGORAFY

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Bensonhurst, Brooklyn Corner Mixed-Use Building

EXCLUSIVE LISTING

171 Bay 17th Street Brooklyn NY 11214 Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (212) 226-9000 www.epic-cr.com Chris Kim Yona Edelkopf (646) 278-4628 (646) 278-4614 [email protected] [email protected]

Investment Summary ADDRESS:

171 BAY 17TH STREET, BROOKLYN NY 11214 SE CORNER OF BAY 17TH STREET AND BATH AVENUE

DESCRIPTION:

A FOUR-STORY, WALK-UP, MIXED-USE BUILDING CONSISTING OF 18 APARTMENTS AND TWO GROUND-FLOOR RETAIL.

LOT SIZE:

39.83’ X 100’

LOT AREA: 3,983 SF

BUILT SIZE:

36’ X 90’

BUILT AREA: 12,945 SF

ZONING:

C2-2/R5

F.A.R: 1.25 (BUILT 3.25)

TOTAL ASSESSMENT: $205,200

INCOME:

3/3, 13/4, 2/5 TOTAL APTS: 18 18 APT(S) ACT. 2 COMMERCIAL ACT.

ESTIMATED EXPENSES:

TAXES (14/15) WATER & SEWER INSURANCE FUEL UTILITIES REPAIRS & MAINT. NET OPERATING INCOME: PRICE:

REMARKS:

TOTAL ROOMS: 71 $ $

199,844 51,096

$ $ $ $ $ $

26,974 6,473 10,000 20,712 3,236 11,000

$3,300,000

($255/SF)

5.9% CAP

13.2 GRM

TOTAL RETAIL: 2

$250,940

$57,683 $193,257 ALL CASH

THE PROPERTY IS LOCATED FOUR BLOCKS FROM THE 18TH AVE D TRAIN STATION AND TWO BLOCKS FROM THE BELT PKWY AND GRAVESEND BAY. PRICE PER UNIT: $165,000 AVERAGE RENT PER APT: $925; AVERAGE RENT PER ROOM: $234

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:

BLOCK/LOT: 6435/30

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Investment Summary 171 BAY 17TH STREET RENT ROLL:

RENT/YR $ 23,856 $ 27,240 $ 5,609 $ 10,914 $ 10,914 $ $ 14,400 $ 13,174 $ 15,960 $ 12,395 $ 14,040 $ 12,646 $ 13,546 $ 1,755 $ 13,571 $ 12,268 $ 8,320 $ 14,311 $ 12,540 $ 13,482 $ 250,940

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

UNIT ROOMS STATUS RENT/MO PIZZA $ 1,988 BAR $ 2,270 A1 3 RS $ 467 A2 3 RS $ 910 A3 3 RS $ 910 B1 4 RS $ B2 4 RS $ 1,200 B3 4 RS $ 1,098 B4 4 RS $ 1,330 B5 4 RS $ 1,033 C1 4 RS $ 1,170 C2 4 RS $ 1,054 C3 4 RS $ 1,129 C4 5 RS $ 146 C5 4 RS $ 1,131 D1 4 RS $ 1,022 D2 4 RS $ 693 D3 4 RS $ 1,193 D4 5 RS $ 1,045 D5 4 RS $ 1,124 TOTAL 71 $ 20,912

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