5319|
CHURCH AVENUE BROOKLYN, NY 11203
FOR SALE | MIXED-USE BUILDING| EAST FLATBUSH, NY PROPERTY INFORMATION
Address:
5319 Church Avenue
Block_Lot: Lot Dimensions:
4679_30 20’ x 95’*
Lot SF:
1,900 SF*
Floors: Building Dimensions: Building SF: Residential Units: Residential SF: Commercial Units: Commercial SF: Zoning: FAR: Assessment (16/17): Taxes (16/17): *Approximate
2 20’ x 62’* 2,480 SF* 2 1,240 SF* 1 1,240 SF* C1-4/R6A 1.25 $24,538 $4,905 OFFERING SUMMARY
Church Avenue
Linden Boulevard
East 54th Street
East 53rd Street
CPEX Real Estate has been exclusively hired to market for sale 5319 Church Avenue. The two-story mixed-use building is located on Church Avenue between East 53rd and East 54th Street in East Flatbush, Brooklyn. The lot measures approximately 20' x 95' for a total of 1,900 square feet. The ground floor commercial space is approximately 1,240 square feet. The second floor has a 2 bedroom apartment in the front and a 1 bedroom apartment in the back. The second floor is also approximately 1,240 square feet, making the building approximately 2,480 square feet.
ASKING PRICE: $850,000 Lawrence D. Sarn 718.935.1821
[email protected] Bryan F. Hurley 718.687.4239
[email protected] 5319|
CHURCH AVENUE BROOKLYN, NY 11203
FOR SALE | MIXED-USE BUILDING| EAST FLATBUSH, NY
Rent Roll Lease Terms
Floor 1st Floor Retail
BD
SF
Exp. 2/28/17 N/A 1,240
Actual PPSF
Actual Monthly Rent
Actual Annual Rent
Proj. PPSF
Proj. Monthly Rent
Proj. Annual Rent
$24
$2,500
$30,000
$27
$2,750
$33,000
2nd Floor Apt. F
MTM
2
725
$22
$1,357
$16,284
$26
$1,600
$19,200
2nd Floor Apt. B
Sec. 8
1
515
$29
$1,258
$15,096
$29
$1,258
$15,096
$5,115
$61,380
$5,608
$67,296
Total:
2,480
Projected Revenue Commercial Income Residential Income Gross Annual Income Less Vacancy & Collection Loss (3%) Effective Gross Income
$33,000 $34,296 $67,296 $2,019 $65,277
Expenses Real Estate Taxes (16/17) Water/Sewer (Residential) Insurance Electric (Common Area) Heat Repairs & Maintenance Management Total Expenses
$4,905 $1,800 $2,500 $625 $3,375 $1,958 $1,958 $17,122
Summary Effective Gross Income (EGI) Less Expenses Net Operating Income (NOI) PPSF Cap Rate
$65,277 $17,122 $48,155 $343 5.67%
ASKING PRICE: $850,000 Lawrence D. Sarn 718.935.1821
[email protected] Bryan F. Hurley 718.687.4239
[email protected]