elevatored mixed-use building for sale - Agorafy
ELEVATORED MIXED-USE BUILDING FOR SALE 5923 STRICKLAND AVENUE MILL BASIN, BROOKLYN, 11234
FOR SALE
BUILDING FEATURES BLOCK / LOT
8470/ 1601,1602
RESIDENTIAL UNITS
20
COMMUNITY FACILITY SPACE
30,000 SF (Approx.)
ZONING
C3
LOT SF
18,462 (Approx.)
GROSS SF
50,862
GROSS INCOME
$1,190,194 (Projected)
EXPENSES
$204,059 (Projected)
NET INCOME
$986,136 (Projected)
CAPITALIZATION RATE
8.05% (Projected)
PRICE PER SQUARE FOOT
$241 (Projected)
TAXES (2014/2015)
$34,450
PROPERTY FEATURES
Cushman & Wakefield has been retained on an exclusive basis to sell this mixed-use elevator building located on 5923 Strickland Avenue. The building was completed in 2006 and is located between 56th Drive and National Drive in Brooklyn’s Marine Park Neighborhood. The building combines for approximately 50,862 square feet with 20 residential units and 30,000 square feet of commercial space. The breakdown of the residential units consists as such: 1 (1)-bedroom apartment, 17 (2)-bedroom apartments, and 2 (3)-bedroom apartments. The residential units are currently in year 8 of 15 of their 421 A tax benefit which will come to an end in 2022. The commercial space is currently in year 9 of 15 of it’s ICIP tax benefit which will come to an end in 2020. ASKING PRICE
$12,250,000
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. Aaron Warkov John Ciraulo Edward GevinskiBrian Jr. Streilein Brian Streilein Director Associate Director Senior Associate Vice Chairman Director Senior Associate (718) 307 6502 (718) 307 6551 (718) 307 6505 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Tel: (212) 660-7700 (718) 307-6502 (718) 307-6505
CUSHMAN & WAKEFIELD, INC. Cushman & Street, Wakefield, 205 Montague 3rd FloorInc. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com Brooklyn, NY 11201
nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
ELEVATORED MIXED-USE BUILDING FOR SALE 5923 STRICKLAND AVENUE MILL BASIN, BROOKLYN, 11234
Unit
Description
SF
Tenant Status
Commercial
Medical 1st Fl
5,000
Occupied
Commercial
1st Fl
10,000 15,000
Commercial
Medical
Commercial
Roof
2nd
Fl
Total Commercial:
-
FOR SALE
Lease Expires
$/S.F.
Monthly Rent
Parking
Total
Annual Rent
-
$24
$10,000
$-
$10,000
$120,000
Vacant
-
$25
$20,833
$-
$20,833
$250,000
Occupied
-
$23
$28,750
$-
$28,750
$345,000
Occupied
-
-
$2,534
$-
$2,534
$30,402
$62,117
$-
$62,117
$745,402
30,000
Apt. 300
2 Bed / 2 Bath
1,000
Vacant
-
-
$1,925
$75
$2,000
$24,000
Apt. 301
2 Bed / 2 Bath
1,050
Occupied
5/31/15
$23
$1,925
$75
$2,000
$24,000
Apt. 302
2 Bed / 2 Bath
810
Occupied
11/30/14
$22
$1,400
$100
$1,500
$18,000
Apt. 303
2 Bed / 2 Bath
810
Occupied
2/28/14
$25
$1,600
$75
$1,675
$20,100
Apt. 304
2 Bed / 2 Bath
860
Occupied
8/31/15
$19
$1,300
$75
$1,375
$16,500
Apt. 305
2 Bed / 2 Bath
920
Occupied
4/30/15
$26
$1,925
$75
$2,000
$24,000
Apt. 306
2 Bed / 2 Bath
810
Occupied
6/30/15
$25
$1,600
$75
$1,675
$20,100
Apt. 307
1 Bed / 1 Bath
600
Occupied
2/28/14
$24
$1,075
$100
$1,175
$14,100
Apt. 401
2 Bed / 2 Bath
850
Occupied
11/30/15
$25
$1,716
$75
$1,791
$21,492
Apt. 402
2 Bed / 2 Bath
810
Occupied
5/31/14
$26
$1,664
$100
$1,764
$21,168
Apt. 403
2 Bed / 2 Bath
810
Occupied
11/30/15
$26
$1,650
$75
$1,725
$20,700
Apt. 404
2 Bed / 2 Bath
860
Vacant
-
$25
$1,750
$75
$1,825
$21,900
Apt. 405
2 Bed / 2 Bath
920
Occupied
8/30/15
$29
$2,175
$75
$2,250
$27,000
Apt. 406
3 Bed / 2 Bath
1,050
Occupied
10/31/14
$24
$2,000
$75
$2,075
$24,900
Apt. 501
2 Bed / 2 Bath
850
Occupied
11/30/14
$27
$1,700
$200
$1,900
$22,800
Apt. 502
2 Bed / 2 Bath
810
Occupied
8/31/15
$26
$1,700
$75
$1,775
$21,300
Apt. 503
2 Bed / 2 Bath
810
Occupied
2/28/15
$30
$1,976
$75
$2,051
$24,612
Apt. 504
2 Bed / 2 Bath
860
Occupied
8/31/15
$26
$1,820
$75
$1,895
$22,740
Apt. 505
2 Bed / 2 Bath
920
Occupied
9/30/14
$31
$2,300
$100
$2,400
$28,800
Apt. 506
3 Bed / 2 Bath
1,050
Occupied
8/31/15
$25
$2,140
$75
$2,215
$26,580
$35,341
$1,725
$37,066
$444,792
$97,458
$1,725
$99,183
$1,190,194
Total Residential
17,460
*Vacant- Projected Rent Total
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. John Ciraulo Director Vice Chairman (718) 307 6502 [email protected] [email protected]
Tel: (212) 660-7700
Aaron Warkov Brian Edward Gevinski Jr. Streilein Brian Streilein Associate Director Senior Associate Director Senior Associate (718) 307 6551 (718) 307 6505 [email protected] [email protected] [email protected] [email protected]
(718) 307-6502
(718) 307-6505
CUSHMAN & WAKEFIELD, INC. Cushman & Street, Wakefield, 205 Montague 3rd FloorInc. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com Brooklyn, NY 11201
nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
FOR SALE
BUILDING FEATURES BLOCK / LOT
8470/ 1601,1602
RESIDENTIAL UNITS
20
COMMUNITY FACILITY SPACE
30,000 SF (Approx.)
ZONING
C3
LOT SF
18,462 (Approx.)
GROSS SF
50,862
GROSS INCOME
$1,190,194 (Projected)
EXPENSES
$204,059 (Projected)
NET INCOME
$986,136 (Projected)
CAPITALIZATION RATE
8.05% (Projected)
PRICE PER SQUARE FOOT
$241 (Projected)
TAXES (2014/2015)
$34,450
PROPERTY FEATURES
Cushman & Wakefield has been retained on an exclusive basis to sell this mixed-use elevator building located on 5923 Strickland Avenue. The building was completed in 2006 and is located between 56th Drive and National Drive in Brooklyn’s Marine Park Neighborhood. The building combines for approximately 50,862 square feet with 20 residential units and 30,000 square feet of commercial space. The breakdown of the residential units consists as such: 1 (1)-bedroom apartment, 17 (2)-bedroom apartments, and 2 (3)-bedroom apartments. The residential units are currently in year 8 of 15 of their 421 A tax benefit which will come to an end in 2022. The commercial space is currently in year 9 of 15 of it’s ICIP tax benefit which will come to an end in 2020. ASKING PRICE
$12,250,000
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. Aaron Warkov John Ciraulo Edward GevinskiBrian Jr. Streilein Brian Streilein Director Associate Director Senior Associate Vice Chairman Director Senior Associate (718) 307 6502 (718) 307 6551 (718) 307 6505 [email protected] [email protected] [email protected] [email protected] [email protected] [email protected] Tel: (212) 660-7700 (718) 307-6502 (718) 307-6505
CUSHMAN & WAKEFIELD, INC. Cushman & Street, Wakefield, 205 Montague 3rd FloorInc. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com Brooklyn, NY 11201
nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
ELEVATORED MIXED-USE BUILDING FOR SALE 5923 STRICKLAND AVENUE MILL BASIN, BROOKLYN, 11234
Unit
Description
SF
Tenant Status
Commercial
Medical 1st Fl
5,000
Occupied
Commercial
1st Fl
10,000 15,000
Commercial
Medical
Commercial
Roof
2nd
Fl
Total Commercial:
-
FOR SALE
Lease Expires
$/S.F.
Monthly Rent
Parking
Total
Annual Rent
-
$24
$10,000
$-
$10,000
$120,000
Vacant
-
$25
$20,833
$-
$20,833
$250,000
Occupied
-
$23
$28,750
$-
$28,750
$345,000
Occupied
-
-
$2,534
$-
$2,534
$30,402
$62,117
$-
$62,117
$745,402
30,000
Apt. 300
2 Bed / 2 Bath
1,000
Vacant
-
-
$1,925
$75
$2,000
$24,000
Apt. 301
2 Bed / 2 Bath
1,050
Occupied
5/31/15
$23
$1,925
$75
$2,000
$24,000
Apt. 302
2 Bed / 2 Bath
810
Occupied
11/30/14
$22
$1,400
$100
$1,500
$18,000
Apt. 303
2 Bed / 2 Bath
810
Occupied
2/28/14
$25
$1,600
$75
$1,675
$20,100
Apt. 304
2 Bed / 2 Bath
860
Occupied
8/31/15
$19
$1,300
$75
$1,375
$16,500
Apt. 305
2 Bed / 2 Bath
920
Occupied
4/30/15
$26
$1,925
$75
$2,000
$24,000
Apt. 306
2 Bed / 2 Bath
810
Occupied
6/30/15
$25
$1,600
$75
$1,675
$20,100
Apt. 307
1 Bed / 1 Bath
600
Occupied
2/28/14
$24
$1,075
$100
$1,175
$14,100
Apt. 401
2 Bed / 2 Bath
850
Occupied
11/30/15
$25
$1,716
$75
$1,791
$21,492
Apt. 402
2 Bed / 2 Bath
810
Occupied
5/31/14
$26
$1,664
$100
$1,764
$21,168
Apt. 403
2 Bed / 2 Bath
810
Occupied
11/30/15
$26
$1,650
$75
$1,725
$20,700
Apt. 404
2 Bed / 2 Bath
860
Vacant
-
$25
$1,750
$75
$1,825
$21,900
Apt. 405
2 Bed / 2 Bath
920
Occupied
8/30/15
$29
$2,175
$75
$2,250
$27,000
Apt. 406
3 Bed / 2 Bath
1,050
Occupied
10/31/14
$24
$2,000
$75
$2,075
$24,900
Apt. 501
2 Bed / 2 Bath
850
Occupied
11/30/14
$27
$1,700
$200
$1,900
$22,800
Apt. 502
2 Bed / 2 Bath
810
Occupied
8/31/15
$26
$1,700
$75
$1,775
$21,300
Apt. 503
2 Bed / 2 Bath
810
Occupied
2/28/15
$30
$1,976
$75
$2,051
$24,612
Apt. 504
2 Bed / 2 Bath
860
Occupied
8/31/15
$26
$1,820
$75
$1,895
$22,740
Apt. 505
2 Bed / 2 Bath
920
Occupied
9/30/14
$31
$2,300
$100
$2,400
$28,800
Apt. 506
3 Bed / 2 Bath
1,050
Occupied
8/31/15
$25
$2,140
$75
$2,215
$26,580
$35,341
$1,725
$37,066
$444,792
$97,458
$1,725
$99,183
$1,190,194
Total Residential
17,460
*Vacant- Projected Rent Total
FOR MORE INFORMATION, PLEASE CONTACT: Edward Gevinski Jr. John Ciraulo Director Vice Chairman (718) 307 6502 [email protected] [email protected]
Tel: (212) 660-7700
Aaron Warkov Brian Edward Gevinski Jr. Streilein Brian Streilein Associate Director Senior Associate Director Senior Associate (718) 307 6551 (718) 307 6505 [email protected] [email protected] [email protected] [email protected]
(718) 307-6502
(718) 307-6505
CUSHMAN & WAKEFIELD, INC. Cushman & Street, Wakefield, 205 Montague 3rd FloorInc. 205 Montague Street, 3rd Floor Brooklyn, NY 11201 www.nyinvestmentsales.com Brooklyn, NY 11201
nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo or property (other than Cushman & Wakefield’s client and the Property offered by Cushman & Wakefield) is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and Cushman & Wakefield or its client.
