total units cap rate frontage total square feet projected taxes grm
Tel: (212) 430-5114 [email protected] Tel: (212) 430-5147 [email protected]
TOTAL UNITS
TOTAL SQUARE FEET
Tel: (212) 430-5185 [email protected] Tel: (212) 430-5162 [email protected]
Tel: (212) 430-5168 [email protected]
CAP RATE
FRONTAGE
PROJECTED TAXES
GRM
OFFERING PRICE
$6,950,000
$/SF $/UNIT TOTAL SF
$1,853 $1,390,000 3,750
TOTAL UNITS
5
100%
RATIO OF
CURRENT METRICS
FAIR MARKET UNITS
11%
PROPERTY TAXES
CAP RATE GRM
RATIO
$3,360
4.1% 18.4
AVERAGE MONTHLY RENT
EXPENSE RATIO
CAP RATE GRM CASH ON CASH
4.1% 18.4 2.20%
UPSIDE ANALYSIS $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0
Current Avg RS Units Market Rents Current Avg FM Rents
PROPOSED DEBT Debt Service Debt Coverage Ratio Net Debt Cash Flow After Debt Service Loan Amount Interest Rate Amortization
3,750
PRO FORMA $201,600 $162,960
Gross Income Vacancy/Collection Loss Other Income Effective Gross Income Average Residential Rent/Month/Unit
$364,560 ($4,032) $18,049 $378,577 $3,360
$364,560 ($4,032) $18,049 $378,577 $3,360
EXPENSES Property Taxes Fuel Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Elevator Contract Legal & Miscellaneous SCRIE/DRIE Other Total Expenses Net Operating Income
$43,308 $0 $8,000 $16,800 $7,500 $2,750 $6,500 $11,357 N/A N/A N/A N/A $96,215 $282,361
$43,308 $0 $8,000 $16,800 $7,500 $2,750 $6,500 $11,357 N/A N/A N/A N/A $96,215 $282,361
% OF TOTAL -0% 0% 100% --
TOTAL 3 0 0 3 2
AVG. RENT $10,127 $0 $0 $5,600 $6,790
TYPE Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom
% OF TOTAL 0% 0% 0% 100% 0% 0%
TOTAL 0 0 0 3 0 0
AVG. RENT $0 $0 $0 $5,600 $0 $0
6 Bedroom SRO
0% 0%
0 0
$0 $0
$/SF
Joe Koicim Tel: (212) 430-5147
LEASE STATUS ANALYSIS
($217,485) 1.30 $64,876 $4,000,000 3.50% 30
$1,853
GROSS TOTAL SF
Peter Von Der Ahe Tel: (212) 430-5114
CURRENT $201,600 $162,960
PRO FORMA METRICS
PRO FORMA
25%
INCOME Gross Potential Residential Rent Gross Potential Commercial Rent
David Lloyd Tel: (212) 430-5185
UNIT BREAKDOWN Total Units Total RS Units Total RC Units Total FM Units Total Commercial UNIT TYPE ANALYSIS
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
COMMERCIAL RENT UNIT
TENANT NAME
1
Juice Box
2
Pino
REIMBURSEMENTS
NOTES LEASE START
50% Tax Reimbursement over 2013-2014 Base Year 35% Tax Reimbursement over 2014-2015 Base Year
MONTHLY COMMERCIAL REVENUE
RESIDENTIAL RENT UNIT# LEASE STATUS
NOTES
BEDROOMS
ROOMS
3 Bedroom 3 Bedroom 3 Bedroom 9
5 5 5 15
ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE
TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site.
Joe Koicim Tel: (212) 430-5147
EXPIRATION
ACTUAL
PRO FORMA
$/PSF
Mar-29
$7,002
$7,002
$210
400
Mar-29
$6,578
$6,578
$197
$13,580
$13,580
ACTUAL
PRO FORMA
$5,400 $5,250 $6,150 $16,800
$5,400 $5,250 $6,150 $16,800
$201,600 $162,960
$201,600 $162,960
ACTUAL $364,560
PRO FORMA $364,560
800
1A FM 2A FM 3A FM MONTHLY RESIDENTIAL REVENUE
Peter Von Der Ahe Tel: (212) 430-5114
SF 400
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
SF
EXPIRATION
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
CITY:
New Yorki
STATE:
NYi
BLOCK & LOT:
888 / 47i
LOT DIMENSIONS:
37 x 25i
LOT SF:
925i
BUILDING DIMENSIONS:
38 x 25i
BUILDING SF:
3,750i
ZONING:
R8bi
MAX FAR:
4.00i
AVAILABLE AIR RIGHTS:
0i
LANDMARK DISTRICT:
Nonei
HISTORIC DISTRICT:
Nonei
ANNUAL TAX BILL:
__$43,277i
TAX CLASS:
Peter Von Der Ahe Tel: (212) 430-5114
2Ai
Joe Koicim Tel: (212) 430-5147
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Joe Koicim Tel: (212) 430-5147
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Joe Koicim
Tel: (212) 430-5147
David Lloyd
Tel: (212) 430-5185
Corey Isdaner
Tel: (212) 430-5162
Financing Andrew Dansker Inquiries: Tel: (212) 430-5168
TOTAL UNITS
TOTAL SQUARE FEET
Tel: (212) 430-5185 [email protected] Tel: (212) 430-5162 [email protected]
Tel: (212) 430-5168 [email protected]
CAP RATE
FRONTAGE
PROJECTED TAXES
GRM
OFFERING PRICE
$6,950,000
$/SF $/UNIT TOTAL SF
$1,853 $1,390,000 3,750
TOTAL UNITS
5
100%
RATIO OF
CURRENT METRICS
FAIR MARKET UNITS
11%
PROPERTY TAXES
CAP RATE GRM
RATIO
$3,360
4.1% 18.4
AVERAGE MONTHLY RENT
EXPENSE RATIO
CAP RATE GRM CASH ON CASH
4.1% 18.4 2.20%
UPSIDE ANALYSIS $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0
Current Avg RS Units Market Rents Current Avg FM Rents
PROPOSED DEBT Debt Service Debt Coverage Ratio Net Debt Cash Flow After Debt Service Loan Amount Interest Rate Amortization
3,750
PRO FORMA $201,600 $162,960
Gross Income Vacancy/Collection Loss Other Income Effective Gross Income Average Residential Rent/Month/Unit
$364,560 ($4,032) $18,049 $378,577 $3,360
$364,560 ($4,032) $18,049 $378,577 $3,360
EXPENSES Property Taxes Fuel Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee Elevator Contract Legal & Miscellaneous SCRIE/DRIE Other Total Expenses Net Operating Income
$43,308 $0 $8,000 $16,800 $7,500 $2,750 $6,500 $11,357 N/A N/A N/A N/A $96,215 $282,361
$43,308 $0 $8,000 $16,800 $7,500 $2,750 $6,500 $11,357 N/A N/A N/A N/A $96,215 $282,361
% OF TOTAL -0% 0% 100% --
TOTAL 3 0 0 3 2
AVG. RENT $10,127 $0 $0 $5,600 $6,790
TYPE Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom
% OF TOTAL 0% 0% 0% 100% 0% 0%
TOTAL 0 0 0 3 0 0
AVG. RENT $0 $0 $0 $5,600 $0 $0
6 Bedroom SRO
0% 0%
0 0
$0 $0
$/SF
Joe Koicim Tel: (212) 430-5147
LEASE STATUS ANALYSIS
($217,485) 1.30 $64,876 $4,000,000 3.50% 30
$1,853
GROSS TOTAL SF
Peter Von Der Ahe Tel: (212) 430-5114
CURRENT $201,600 $162,960
PRO FORMA METRICS
PRO FORMA
25%
INCOME Gross Potential Residential Rent Gross Potential Commercial Rent
David Lloyd Tel: (212) 430-5185
UNIT BREAKDOWN Total Units Total RS Units Total RC Units Total FM Units Total Commercial UNIT TYPE ANALYSIS
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
COMMERCIAL RENT UNIT
TENANT NAME
1
Juice Box
2
Pino
REIMBURSEMENTS
NOTES LEASE START
50% Tax Reimbursement over 2013-2014 Base Year 35% Tax Reimbursement over 2014-2015 Base Year
MONTHLY COMMERCIAL REVENUE
RESIDENTIAL RENT UNIT# LEASE STATUS
NOTES
BEDROOMS
ROOMS
3 Bedroom 3 Bedroom 3 Bedroom 9
5 5 5 15
ANNUAL RESIDENTIAL REVENUE ANNUAL COMMERCIAL REVENUE
TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site.
Joe Koicim Tel: (212) 430-5147
EXPIRATION
ACTUAL
PRO FORMA
$/PSF
Mar-29
$7,002
$7,002
$210
400
Mar-29
$6,578
$6,578
$197
$13,580
$13,580
ACTUAL
PRO FORMA
$5,400 $5,250 $6,150 $16,800
$5,400 $5,250 $6,150 $16,800
$201,600 $162,960
$201,600 $162,960
ACTUAL $364,560
PRO FORMA $364,560
800
1A FM 2A FM 3A FM MONTHLY RESIDENTIAL REVENUE
Peter Von Der Ahe Tel: (212) 430-5114
SF 400
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
SF
EXPIRATION
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
CITY:
New Yorki
STATE:
NYi
BLOCK & LOT:
888 / 47i
LOT DIMENSIONS:
37 x 25i
LOT SF:
925i
BUILDING DIMENSIONS:
38 x 25i
BUILDING SF:
3,750i
ZONING:
R8bi
MAX FAR:
4.00i
AVAILABLE AIR RIGHTS:
0i
LANDMARK DISTRICT:
Nonei
HISTORIC DISTRICT:
Nonei
ANNUAL TAX BILL:
__$43,277i
TAX CLASS:
Peter Von Der Ahe Tel: (212) 430-5114
2Ai
Joe Koicim Tel: (212) 430-5147
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Joe Koicim Tel: (212) 430-5147
David Lloyd Tel: (212) 430-5185
Corey Isdaner Tel: (212) 430-5162
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Joe Koicim
Tel: (212) 430-5147
David Lloyd
Tel: (212) 430-5185
Corey Isdaner
Tel: (212) 430-5162
Financing Andrew Dansker Inquiries: Tel: (212) 430-5168
