684 Lorimer St_Cover_initials_LQ - Agorafy

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East Williamsburg, Brooklyn Mixed-Use Building

EXCLUSIVE LISTING

684 Lorimer Street Brooklyn, NY 11211

Justin Zeitchik Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4642 [email protected]

Investment Summary ADDRESS:

684 LORIMER STREET, BROOKLYN, NY 11211 BETWEEN WITHERS AND FROST STREETS

DESCRIPTION:

A THREE STORY, WALK UP, MIXED USE BUILDING CONSISTING OF SIX APARTMENTS AND ONE RETAIL UNIT.

LOT SIZE:

25’ X 100’

LOT AREA: 2,500 SF

BUILT SIZE:

25’ X 52’

BUILT AREA: 3,900 SF

ADD’L BUILDABLE SF: 1,600 SF

TOTAL BUILDABLE SF: 5,500 SF

ZONING:

F.A.R: 2.2

M1-2/R6/MX-8

TOTAL ASSESSMENT: $49,491 LAYOUT:

INCOME:

1/2, 1/3, 4/4 TOTAL APTS: 6 5 APTS(S) ACT. 1 APTS(S) PROJ. 1 COMMERCIAL ACT.

ESTIMATED EXPENSES:

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

BLOCK/LOT: 2737/06 TOTAL ROOMS: 21 $ $ $

125,688 19,800 30,000

$ $ $ $ $

6,362 7,138 4,000 1,200 4,300

TOTAL RETAIL: 1

$175,488

$23,000 $152,000

$3,500,000

ALL CASH

REMARKS:

THE CURRENT OWNER INSTALLED A NEW ROOF AND GAS BOILER IN 2010. ALL UNITS ARE SEPARATELY METERED. THERE IS A FINISHED BASEMENT WHICH CAN BE DUPLEXED TO THE FIRST FLOOR. THE BUILDING IS WALKING DISTANCE TO THE LORIMER [L,G] TRAIN STATION AND MCCARREN PARK.

PROPERTY OVERVIEW

PRICE:

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.

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Investment Summary 684 LORIMER STREET RENT ROLL:

BARBER SHOP 1R 1L 2R 2L 3R 3L TOTAL

ACTUAL RENT/MO

ACTUAL RENT/YR

LEGAL RENT/MO

LEGAL RENT/YR

ROOMS

STATUS

-

-

$

2,500

$

30,000

$

2,500

$

30,000

2 3 4 4 4 4

VAC-PROJ FM RS RS RS RS

$ $ $ $ $ $

1,650 2,300 1,950 2,200 2,124 1,900

$ $ $ $ $ $

19,800 27,600 23,400 26,400 25,488 22,800

$ $ $ $ $ $

1,650 2,300 2,200 2,200 2,264 2,250

$ $ $ $ $ $

19,800 27,600 26,400 26,400 27,168 27,000

$

175,488

$

15,364

$

184,368

21

$

4,624

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

APT

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PICTURES

Interior Pictures

Epic Commercial RealtyTel: 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.

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