3411 church avenue - AGORAFY
3411 CHURCH AVENUE FLATBUSH, BROOKLYN, NY 4,400 SF Mixed-Use Building 2 Residential Units Over 1 Retail Unit
FOR SALE BUILDING DETAILS North side of Church Avenue between
LOCATION
PROPERTY INFORMATION
The subject property is a 4,400 square foot mixed-use building located on the north side of Church Avenue between East 34th and 35th Streets. The building currently contains 2 apartments and 1 retail unit. The apartments will be delivered vacant. Public transportation is available nearby – the Church Avenue 2 5 station is located just 5 blocks away, offering express access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $1,100,000
East 34th and 35th Streets
BLOCK & LOT
4871 / 35
ZONING
R5/C1-2
LOT SIZE
20' x 100'
(Approx.)
LOT SF
2,000
(Approx.)
BUILDING SF
4,400
(Approx.)
STORIES
3 + Cellar
UNITS
3
TAXES ('15/'16)
$5,081
ASSESSMENT ('15/'16)
$26,524
PROJECTED EXPENSES
CW METRICS
REAL ESTATE TAXES ('15/'16)
Owner's Share
$3,557
WATER / SEWER
$0.75 / GSF
$3,300
INSURANCE
$500 / UNIT
$1,500
FUEL
$1.40 / GSF
$6,160
ELETRIC
$0.25 / GSF
$1,100
MANAGEMENT
4.0% of EGI
$2,743
TOTAL
$18,359
Effective Gross Income
$86,136
Less Projected Expenses
Exp. Ratio 21.31%
Projected Net Operating Income
$18,359 $67,777
FOR MORE INFORMATION, PLEASE CONTACT: Alex Svetlakov Director (718) 606-7062 [email protected]
Richard Velotta Director (718) 606-7065 [email protected]
Samuel Protzmann Associate (718) 606-7061 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
3411 CHURCH AVENUE
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Mixed-Use Building For Sale – Delivered Vacant
PROJECTED REVENUE UNIT
TYPE
NET SF
RENT
$ / SF
ANNUAL RENT
Retail*
Retail
1900
$3,800
$24.00
$45,600
2nd Floor
3 BR
1100
$1,800
$19.64
$21,600
3rd Floor
3 BR
1100
$1,800
$19.64
$21,600
4,100
$7,400
$22
$88,800
Total Vacancy & Credit Loss @ 3%
$370
$2,664
Effective Gross Income
$86,136
*2 yr lease w/ 3 yr option. Tenant pays 30% of total RE Taxes and their own utilities. 5% annual increases.
3411 Church Avenue
2 5
ASKING PRICE: $1,100,000 FOR MORE INFORMATION, PLEASE CONTACT: Alex Svetlakov Director (718) 606-7062 [email protected]
Richard Velotta Director (718) 606-7065 [email protected]
Samuel Protzmann Associate (718) 606-7061 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
FOR SALE BUILDING DETAILS North side of Church Avenue between
LOCATION
PROPERTY INFORMATION
The subject property is a 4,400 square foot mixed-use building located on the north side of Church Avenue between East 34th and 35th Streets. The building currently contains 2 apartments and 1 retail unit. The apartments will be delivered vacant. Public transportation is available nearby – the Church Avenue 2 5 station is located just 5 blocks away, offering express access to Downtown Brooklyn and Manhattan.
ASKING PRICE: $1,100,000
East 34th and 35th Streets
BLOCK & LOT
4871 / 35
ZONING
R5/C1-2
LOT SIZE
20' x 100'
(Approx.)
LOT SF
2,000
(Approx.)
BUILDING SF
4,400
(Approx.)
STORIES
3 + Cellar
UNITS
3
TAXES ('15/'16)
$5,081
ASSESSMENT ('15/'16)
$26,524
PROJECTED EXPENSES
CW METRICS
REAL ESTATE TAXES ('15/'16)
Owner's Share
$3,557
WATER / SEWER
$0.75 / GSF
$3,300
INSURANCE
$500 / UNIT
$1,500
FUEL
$1.40 / GSF
$6,160
ELETRIC
$0.25 / GSF
$1,100
MANAGEMENT
4.0% of EGI
$2,743
TOTAL
$18,359
Effective Gross Income
$86,136
Less Projected Expenses
Exp. Ratio 21.31%
Projected Net Operating Income
$18,359 $67,777
FOR MORE INFORMATION, PLEASE CONTACT: Alex Svetlakov Director (718) 606-7062 [email protected]
Richard Velotta Director (718) 606-7065 [email protected]
Samuel Protzmann Associate (718) 606-7061 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
3411 CHURCH AVENUE
<XXX> SF AVAILABLE (3 LINES MAXIMUM)
Mixed-Use Building For Sale – Delivered Vacant
PROJECTED REVENUE UNIT
TYPE
NET SF
RENT
$ / SF
ANNUAL RENT
Retail*
Retail
1900
$3,800
$24.00
$45,600
2nd Floor
3 BR
1100
$1,800
$19.64
$21,600
3rd Floor
3 BR
1100
$1,800
$19.64
$21,600
4,100
$7,400
$22
$88,800
Total Vacancy & Credit Loss @ 3%
$370
$2,664
Effective Gross Income
$86,136
*2 yr lease w/ 3 yr option. Tenant pays 30% of total RE Taxes and their own utilities. 5% annual increases.
3411 Church Avenue
2 5
ASKING PRICE: $1,100,000 FOR MORE INFORMATION, PLEASE CONTACT: Alex Svetlakov Director (718) 606-7062 [email protected]
Richard Velotta Director (718) 606-7065 [email protected]
Samuel Protzmann Associate (718) 606-7061 [email protected]
CUSHMAN & WAKEFIELD 205 Montague Street, 3rd Floor Brooklyn, NY 11201 nyinvestmentsales.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
