Presentation title - NYC - Agorafy
3071 Avenue U, Brooklyn, NY 11229 CORNER MIXED–USE USER BUILDING
FOR SALE Building Features The subject property is a fully leased mixed-use building on the busy retail corridor of Coney Island Avenue between Kings Highway and Avenue R. The property consists of one retail store on the ground floor with office space on the second floor and offers significant signage potential facing Avenue R.
Block / Lot
7340 / 43
Building S.F.
3,260 (Approx.)
Building Dimensions:
20’ x 93’ (Approx.)
The building totals approximately 2,200 square feet with 20 feet of frontage on Coney Island Avenue, and was recently outfitted with a new boiler and new pointing. Local neighbors include Chase Bank, TD Bank, Capital One, Dunkin Donuts, AT & T, and Sprint.
Stories / Units
3/2
Lot Dimensions
20’ x 99’ (Approx.)
Lot S.F.
1,980 (Approx.)
Transportation includes the Kings Highway [B, Q] subway stop and B2, B7, B31, B49, B68, B82 and B100 buses.
Zoning
R4 / C1-2
FAR
0.90 Residential / 1.00 Commercial
Taxes (15/16)
$17,146
Tenant
SF
Lease Exp.
Monthly Rent
$/SF
Annual Rent
Commercial Unit
1,680
VACANT
$4,200
$30
$50,400
Duplex – 3 Bedroom
1,400
April - 2016
$2,200
$19
$26,400
180
N/A
$200
$13
$2,400
$6,600
$24
$79,200
Garage Total
3,260
Expenses Real Estate Taxes (15/16)
Per NYC Dept. of Finance
($17,146)
Water & Sewer (15/16)
Per NYC Dept. of Finance
($2,576)
Heating/Cooling
Estimated @ $1.00 / SF
($3,260)
Electric
Estimated @ $0.35 / SF
($1,141)
Insurance
Estimated @ $1.00 / SF
($3,260)
Vacancy & Credit Loss
5% of Estimated Gross Income
($3,960)
Management & Reserve
3% of Estimated Gross Income
($2,376) ($33,719)
Subtotal Tenant Pays (Electric, Heating/Cooling, 50% of RE Taxes) Owner’s Expenses Effective Gross Annual Revenue: Less Expenses: Net Operating Income:
$12,974
The subject property is a mixed-use building on the corner of Avenue U and Bragg Street. The building would be ideal for a user to occupy the vacant ground floor commercial space. The property consists of a commercial unit on the ground floor and basement, a 3 bedroom duplex apartment, and a garage. The duplex is currently occupied by a tenant who is also using the garage space.
($20,745)
$79,200 ($20,745) $58,455
Transportation includes the B3, B31, B44, and BM31 buses as well as nearby access to the Belt Parkway.
Asking Price:$ 1,150,000
For More Information, Please Contact: Alex Svetlakov Director (718) 606 7062 [email protected]
Samuel E. Protzmann Associate (718) 606 7061 [email protected]
Michael Mercandetti Associate (718) 606 7063 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
FOR SALE Building Features The subject property is a fully leased mixed-use building on the busy retail corridor of Coney Island Avenue between Kings Highway and Avenue R. The property consists of one retail store on the ground floor with office space on the second floor and offers significant signage potential facing Avenue R.
Block / Lot
7340 / 43
Building S.F.
3,260 (Approx.)
Building Dimensions:
20’ x 93’ (Approx.)
The building totals approximately 2,200 square feet with 20 feet of frontage on Coney Island Avenue, and was recently outfitted with a new boiler and new pointing. Local neighbors include Chase Bank, TD Bank, Capital One, Dunkin Donuts, AT & T, and Sprint.
Stories / Units
3/2
Lot Dimensions
20’ x 99’ (Approx.)
Lot S.F.
1,980 (Approx.)
Transportation includes the Kings Highway [B, Q] subway stop and B2, B7, B31, B49, B68, B82 and B100 buses.
Zoning
R4 / C1-2
FAR
0.90 Residential / 1.00 Commercial
Taxes (15/16)
$17,146
Tenant
SF
Lease Exp.
Monthly Rent
$/SF
Annual Rent
Commercial Unit
1,680
VACANT
$4,200
$30
$50,400
Duplex – 3 Bedroom
1,400
April - 2016
$2,200
$19
$26,400
180
N/A
$200
$13
$2,400
$6,600
$24
$79,200
Garage Total
3,260
Expenses Real Estate Taxes (15/16)
Per NYC Dept. of Finance
($17,146)
Water & Sewer (15/16)
Per NYC Dept. of Finance
($2,576)
Heating/Cooling
Estimated @ $1.00 / SF
($3,260)
Electric
Estimated @ $0.35 / SF
($1,141)
Insurance
Estimated @ $1.00 / SF
($3,260)
Vacancy & Credit Loss
5% of Estimated Gross Income
($3,960)
Management & Reserve
3% of Estimated Gross Income
($2,376) ($33,719)
Subtotal Tenant Pays (Electric, Heating/Cooling, 50% of RE Taxes) Owner’s Expenses Effective Gross Annual Revenue: Less Expenses: Net Operating Income:
$12,974
The subject property is a mixed-use building on the corner of Avenue U and Bragg Street. The building would be ideal for a user to occupy the vacant ground floor commercial space. The property consists of a commercial unit on the ground floor and basement, a 3 bedroom duplex apartment, and a garage. The duplex is currently occupied by a tenant who is also using the garage space.
($20,745)
$79,200 ($20,745) $58,455
Transportation includes the B3, B31, B44, and BM31 buses as well as nearby access to the Belt Parkway.
Asking Price:$ 1,150,000
For More Information, Please Contact: Alex Svetlakov Director (718) 606 7062 [email protected]
Samuel E. Protzmann Associate (718) 606 7061 [email protected]
Michael Mercandetti Associate (718) 606 7063 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
