amsterdam ave. - Agorafy
309
AMSTERDAM AVE. UPPER WEST SIDE MIXED-USE
Location:
East side of Amsterdam Avenue between West 74th and 75th Streets.
Block / Lot:
1146 / 4
Lot Size:
17’ x 81’
Lot Area:
1,377
Building Dimensions:
17’ x 81’ (Ground) 17’ x 49’ (2-4)
Residental Units:
3
Commercial Units:
1
Historic District:
Upper West Side Central Park West
Stories:
4
Gross SF:
4,080 Approx. (Per DOF)
Zoning / FAR:
C2-7A / 7.52 (2.0 Commercial)
Air Rights:
6,275
Assesment (14/15):
$326,700
RE Taxes (14/15):
$42,945
(Tax Class 2A)
ASKING PRICE: $6,950,000 Projected Cap Rate: 4.19%
Property Description 309 Amsterdam Avenue is a four-story mixed-use property located in one of the busiest shopping and dining locations on the Upper West Side. Situated on the east side of Amsterdam Avenue between 74th and 75th Streets, the approximately 1,120 SF retail space consists of the main bar area with 14.5 foot ceilings, and a stepdown seating area in the rear where an additional bar was formerly located. The retail space also contains a full basement with separate street access. Upstairs there are three floor-through one-bedroom apartments (convertible to two bedrooms), all of which are vacant. The apartments feature newly-finished hardwood floors, decorative fireplaces, and abundant light and air. The retail space is owneroccupied by the Candle Bar, a longstanding neighborhood institution with transferable health dept. and liquor licenses. The property is ideally located less than two blocks from the express and local 72nd Street 1, 2, and 3 trains. For further information or inspection, please contact Exclusive Sales Agents: PAUL SMADBECK SENIOR VICE PRESIDENT 212.696.2500 x7760 [email protected]
TEDDY GALLIGAN ASSOCIATE 212.696.2500 x5137 [email protected]
ROBERT STUFANO ASSOCIATE 212.696.2500 x7706 [email protected]
For information on possible financing, please contact: JUSTIN BORUCHOV DIRECTOR - CAPITAL SERVICES 212.696.2500 x7728 [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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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.
309
AMSTERDAM AVE. UPPER WEST SIDE MIXED-USE
2014 INCOME - PROJECTED Unit
Sq. Ft.*
Tenant Status
Lease Exp.
P.P.S.F
Monthly Rent
Annual Rent
Retail
1,120
FM
Owner Occupied
$203
$19,000
$228,000
2
650
FM
VACANT
$72
$3,900
$46,800
3
650
FM
VACANT
$72
$3,900
$46,800
4
650
FM
VACANT
$72
$3,900
$46,800
$30,700
$368,400
Total *Approximate - Retail SF does not include full basement
2014 EXPENSES: (PROJECTED UNLESS NOTED) $
42,945
Insurance $1.00 / SF
$
4,080
Water & Sewer $500/Unit
$
1,500
Fuel & Electric (Actual)
$
2,977
Repairs $1,000/Unit
$
4,000
Super (Estimate)
$
6,000
Managment @3% of GAI
$
11,052
General & Administrative
$
5,000
Total Expenses:
$
77,554
Gross Annual Income:
$
368,400
Less Expenses:
$
77,554
Net Operating Income:
$
290,846
West 75th Street
COLUMBUS AVENUE
AMSTERDAM AVENUE
Real Estate Taxes (14/15) (Actual)
West 74th Street For further information or inspection, please contact Exclusive Sales Agents:
PAUL SMADBECK TEDDY GALLIGAN SENIOR VICE PRESIDENT ASSOCIATE 212.696.2500 x7760 212.696.2500 x5137 [email protected] [email protected]
ROBERT STUFANO ASSOCIATE 212.696.2500 x7706 [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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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.
AMSTERDAM AVE. UPPER WEST SIDE MIXED-USE
Location:
East side of Amsterdam Avenue between West 74th and 75th Streets.
Block / Lot:
1146 / 4
Lot Size:
17’ x 81’
Lot Area:
1,377
Building Dimensions:
17’ x 81’ (Ground) 17’ x 49’ (2-4)
Residental Units:
3
Commercial Units:
1
Historic District:
Upper West Side Central Park West
Stories:
4
Gross SF:
4,080 Approx. (Per DOF)
Zoning / FAR:
C2-7A / 7.52 (2.0 Commercial)
Air Rights:
6,275
Assesment (14/15):
$326,700
RE Taxes (14/15):
$42,945
(Tax Class 2A)
ASKING PRICE: $6,950,000 Projected Cap Rate: 4.19%
Property Description 309 Amsterdam Avenue is a four-story mixed-use property located in one of the busiest shopping and dining locations on the Upper West Side. Situated on the east side of Amsterdam Avenue between 74th and 75th Streets, the approximately 1,120 SF retail space consists of the main bar area with 14.5 foot ceilings, and a stepdown seating area in the rear where an additional bar was formerly located. The retail space also contains a full basement with separate street access. Upstairs there are three floor-through one-bedroom apartments (convertible to two bedrooms), all of which are vacant. The apartments feature newly-finished hardwood floors, decorative fireplaces, and abundant light and air. The retail space is owneroccupied by the Candle Bar, a longstanding neighborhood institution with transferable health dept. and liquor licenses. The property is ideally located less than two blocks from the express and local 72nd Street 1, 2, and 3 trains. For further information or inspection, please contact Exclusive Sales Agents: PAUL SMADBECK SENIOR VICE PRESIDENT 212.696.2500 x7760 [email protected]
TEDDY GALLIGAN ASSOCIATE 212.696.2500 x5137 [email protected]
ROBERT STUFANO ASSOCIATE 212.696.2500 x7706 [email protected]
For information on possible financing, please contact: JUSTIN BORUCHOV DIRECTOR - CAPITAL SERVICES 212.696.2500 x7728 [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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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.
309
AMSTERDAM AVE. UPPER WEST SIDE MIXED-USE
2014 INCOME - PROJECTED Unit
Sq. Ft.*
Tenant Status
Lease Exp.
P.P.S.F
Monthly Rent
Annual Rent
Retail
1,120
FM
Owner Occupied
$203
$19,000
$228,000
2
650
FM
VACANT
$72
$3,900
$46,800
3
650
FM
VACANT
$72
$3,900
$46,800
4
650
FM
VACANT
$72
$3,900
$46,800
$30,700
$368,400
Total *Approximate - Retail SF does not include full basement
2014 EXPENSES: (PROJECTED UNLESS NOTED) $
42,945
Insurance $1.00 / SF
$
4,080
Water & Sewer $500/Unit
$
1,500
Fuel & Electric (Actual)
$
2,977
Repairs $1,000/Unit
$
4,000
Super (Estimate)
$
6,000
Managment @3% of GAI
$
11,052
General & Administrative
$
5,000
Total Expenses:
$
77,554
Gross Annual Income:
$
368,400
Less Expenses:
$
77,554
Net Operating Income:
$
290,846
West 75th Street
COLUMBUS AVENUE
AMSTERDAM AVENUE
Real Estate Taxes (14/15) (Actual)
West 74th Street For further information or inspection, please contact Exclusive Sales Agents:
PAUL SMADBECK TEDDY GALLIGAN SENIOR VICE PRESIDENT ASSOCIATE 212.696.2500 x7760 212.696.2500 x5137 [email protected] [email protected]
ROBERT STUFANO ASSOCIATE 212.696.2500 x7706 [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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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.
