66 Hendrix St_Cover_Initials_LQ - Agorafy

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Cypress Hills, Brooklyn Corner Mixed-Use Building

EXCLUSIVE LISTING

66 Hendrix Street Brooklyn, NY 11207

Marcus Jecklin

Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4674 E-Mail: [email protected]

Investment Summary ADDRESS:

66 HENDRIX STREET, BROOKLYN NY 11207 258 JAMAICA AVENUE, BROOKLYN NY 11207 262 JAMAICA AVENUE, BROOKLYN NY 11207 SW CORNER OF HENDRIX STREET AND JAMAICA AVENUE

DESCRIPTION:

A PACKAGE OF THREE ADJACENT, THREE-STORY, WALK-UP, MIXED-USE BUILDINGS, ON THE SAME TAX LOT, CONSISTING OF THREE COMMERCIAL UNITS AND 6 APARTMENTS IN TOTAL.

LOT SIZE:

82.33’ X 47.67’ IRR

BUILT SIZE:

60’ X 47’ IRR

TOTAL BSF :

2,888 SF (OVERBUILT)

ZONING:

C1-3/R4

LAYOUT:

INCOME:

4/3, 2/5, 3/RETAIL TOTAL APTS: 6 6 APT(S) ACT. 3 COMMERCIAL ACT.

ESTIMATED EXPENSES:

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

REMARKS:

BUILT AREA: 6,585 SF

F.A.R: 0.9 BLOCK/LOT: 3918/13 TOTAL ROOMS: 22 $ $

79,500 65,370

$ $ $ $

19,986 4,890 2,240 1,950

$1,650,000

($250/SF)

7.0% CAP

11.3 GRM

TOTAL RETAIL: 3

$144,870

$29,066 $115,804 ALL CASH

THIS BUILDING FEATURES 82 FEET OF RETAIL FRONTAGE ON JAMAICA AVENUE ON A CORNER LOT. RESIDENTIAL TENANTS PAY ALL FUEL AND UTILITY EXPENSES. EACH TENANT HAS HIS OWN BOILER AND HOT WATER HEATER. THE ROOF WAS RECENTLY REPLACED AND UPGRADES HAVE BEEN MADE TO THE COMMON AREAS. EACH OF THE THREE ADDRESSES HAS ITS OWN ENTRANCE. THE PROPERTY IS JUST 2 BLOCKS FROM THE VAN SICLEN J AND Z SUBWAY ENTRANCE. ALL OF THE UNITS ARE FREE MARKET. PRICE PER UNIT: $183,333 AVERAGE RENT PER APT: $1,104; AVERAGE RENT PER ROOM: $301

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

TOTAL ASSESSMENT: $152,041

LOT AREA: 2,542 SF

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Investment Summary 66 HENDRIX STREET RENT ROLL: ROOMS 5 5 3 3 3 3 22

STATUS FM FM FM FM FM FM

RENT/MO $ 3,248 $ 1,000 $ 1,200 $ 1,400 $ 1,550 $ 900 $ 950 $ 900 $ 925 $ 12,073

RENT/YR $ 38,970 $ 12,000 $ 14,400 $ 16,800 $ 18,600 $ 10,800 $ 11,400 $ 10,800 $ 11,100 $ 144,870

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 GROCERY CHURCH TIRE SHOP 66-FL 2 66-FL 3 258-FL 2 258-FL 3 262-FL 2 262-FL 3 TOTAL

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