Building Sq. Ft. (Approx.) - Agorafy
Prime Mixed-Use Property For Sale
159-21 Hillside Avenue Jamaica, NY 11432 Location: North side of Hillside Avenue between Parsons Boulevard and 162nd Street Block: 9769 Lot: 87 Lot Dimensions (Approx.): 20' x 83' Lot Sq. Ft. (Approx.): 1,637 Building Dimensions (Approx.):20' x 54' (Irr.) Stories: 3 Building Sq. Ft. (Approx.): 2,530 Commercial Units: 1 Residential Units: 2 Zoning: R7A / C2-4 Overlay Residential F.A.R.: 4.0 Commercial F.A.R.: 2.0 Year Built: 1912 (estimated) Assessment (14/15)(Approx.): $23,404 Taxes (14/15)(Approx.): $4,491
Description: The subject property is a three story, mixed-use building located on the north side of Hillside Avenue between Parsons Boulevard and 162nd Street. The building consists of (1) retail store, currently occupied by a beauty salon, (1) one bedroom apartment and (1) two bedroom apartment. One tenant occupies both the 2nd and 3rd floors. They live on the 2nd floor and the 3rd was converted into a learning center. The property is one block from Parsons Boulevard and the E & F Trains. Located along a busy retail corridor, the property enjoys tremendous vehicular and pedestrian traffic. The property has tremendous upside potential.
Actual Revenue: Unit Beauty Salon Apartment #1 Apartment #2 Total:
Size 1,050 SF 740 SF 740 SF
Expenses (Estimated): 205 Montague Street,
3rd Floor
Real Estate TaxesNY (14/15): Brooklyn, 11201 T: 718-238-8999 / F: 718-238-6091 Insurance: Fuel: Electric:
P.P.S.F. $28.57 $17.51 $17.51
Monthly Rent (Act.) $2,500.00 $1,080.00 $1,080.00 $4,660.00
Water / Sewer: Repairs & Maintenance: Total Operating Expenses:
$ $
Net Operating Income:
$
Lease Exp. 8/14/2016 5/31/2017 5/31/2017
Asking Price: $730,000
275 Madison Avenue, 3rd Floor $ $
Annual Rent (Act.) $30,000.00 $12,960.00 $12,960.00 $55,920.00
4,491.00 New York, NY 10016 T: 212-696-2500 / F: 212-696-0333 2,500.00 Paid by Tenant Paid by Tenant For further Paid by Tenant 2,500.00 9,491.00
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
information or inspection, please contact Exclusive Sales Agent: Brian J. Sarath Senior Director of Sales [email protected]
(718) 275-3400 x 2616
46,429.00
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.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
159-21 Hillside Avenue Jamaica, NY 11432 Location: North side of Hillside Avenue between Parsons Boulevard and 162nd Street Block: 9769 Lot: 87 Lot Dimensions (Approx.): 20' x 83' Lot Sq. Ft. (Approx.): 1,637 Building Dimensions (Approx.):20' x 54' (Irr.) Stories: 3 Building Sq. Ft. (Approx.): 2,530 Commercial Units: 1 Residential Units: 2 Zoning: R7A / C2-4 Overlay Residential F.A.R.: 4.0 Commercial F.A.R.: 2.0 Year Built: 1912 (estimated) Assessment (14/15)(Approx.): $23,404 Taxes (14/15)(Approx.): $4,491
Description: The subject property is a three story, mixed-use building located on the north side of Hillside Avenue between Parsons Boulevard and 162nd Street. The building consists of (1) retail store, currently occupied by a beauty salon, (1) one bedroom apartment and (1) two bedroom apartment. One tenant occupies both the 2nd and 3rd floors. They live on the 2nd floor and the 3rd was converted into a learning center. The property is one block from Parsons Boulevard and the E & F Trains. Located along a busy retail corridor, the property enjoys tremendous vehicular and pedestrian traffic. The property has tremendous upside potential.
Actual Revenue: Unit Beauty Salon Apartment #1 Apartment #2 Total:
Size 1,050 SF 740 SF 740 SF
Expenses (Estimated): 205 Montague Street,
3rd Floor
Real Estate TaxesNY (14/15): Brooklyn, 11201 T: 718-238-8999 / F: 718-238-6091 Insurance: Fuel: Electric:
P.P.S.F. $28.57 $17.51 $17.51
Monthly Rent (Act.) $2,500.00 $1,080.00 $1,080.00 $4,660.00
Water / Sewer: Repairs & Maintenance: Total Operating Expenses:
$ $
Net Operating Income:
$
Lease Exp. 8/14/2016 5/31/2017 5/31/2017
Asking Price: $730,000
275 Madison Avenue, 3rd Floor $ $
Annual Rent (Act.) $30,000.00 $12,960.00 $12,960.00 $55,920.00
4,491.00 New York, NY 10016 T: 212-696-2500 / F: 212-696-0333 2,500.00 Paid by Tenant Paid by Tenant For further Paid by Tenant 2,500.00 9,491.00
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 T: 718-275-3400 / F: 718-275-5478
information or inspection, please contact Exclusive Sales Agent: Brian J. Sarath Senior Director of Sales [email protected]
(718) 275-3400 x 2616
46,429.00
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.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
QUEENS
STATEN ISLAND
WESTCHESTER
