Excellent Condo Conversion or User Opportunity 67
Exclusive Listing: Excellent Condo Conversion or User Opportunity 67 Murray Street, Tribeca, NY 10013
An elegant 25 foot property in a great TriBeCa location. The property benefits from southern exposure, an elevator and large windows. Excellent ceiling heights. The property is 3 blocks away from the soon to be opened high end retail centers at the WTC and Brookfield Place whose tenants are Apple, Hugo Boss, J. Varvatos, Hermes and many others. The immediate area is perfect for families, from Washington Market park’s events, to excellent schools, to Whole Foods and Barnes & Noble. Enjoy high end restaurants - Bouley, Palm and Nobu and then relax by biking, tennis or taking sailing classes. Condos in the immediate area sell for $1,800+ per SF and a PH reached $4,200 per SF at 37 Warren Street. Great condo conversion or perfect for a user who wants to also have strong income.
NEW ASKING PRICE: $21,500,000 For additional information: Nick Petkoff, President, Better Brokers LLC Exclusive Broker
Tel. 212-769-9220; [email protected]
Block/ Lot: 132 - 2 Lot Size: 25 ft x 100 ft Lot SF: 2,500 Building Size: 25 ft. x 97 ft. Stories: 6 Building SF: 12,500+ Lower levels SF: 4,000+ SF Zoning: C 6-2A Air Rights: Pls. talk to an architect : Taxes (14/15): $86,372
(Approx.; Irr.) (Approx.; Irr.) (Approx.; Irr.) (Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
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.
Nick Petkoff President, Better Brokers LLC Tel. 212212-769769-9220
[email protected]
Exclusive Listing: Excellent Condo Conversion or User Opportunity 67 Murray Street, Tribeca, NY 10013
Income and Expenses (Estimated) Appr ox. Net SF
Lease Term
Monthly Rent
Annual Income
$/SF
Rent $ Projected
Condo $ Projected
$ 480,000
$ 76
$480,000
$ 10,500,000
$
-
$ -
8,600
$ 103,200
$ 38
$ 125,000
$ 4,725,000
$
6,000
$ 72,000
$ 34
$ 100,000
$ 3,780,000
RS
$
2,396
$ 28,752
$ 14
$ 28,752
$ 1,890,000
2,100
Apr-15
$
6,744
$ 80,928
$ 39
$ 120,000
$ 5,040,000
1,200
M/M
$
5,750
$ 66,000
$ 55
$ 72,000
$ 4,200,000
Unit
Status
Tenant
Retail
Comm.
Kinjo
2,300
May-30
$
40,000
Includes Bsmt and subbasement
Comm.
Used by Retail
4,000
N/A
$
-
2nd Fl
FM
Resi.
2,700
Jun-15
$
3rd Fl
FM
Resi.
2,100
Jul-15
4th Fl
RS
Resi.
2,100
5th Fl.
FM
Resi.
6th Fl.
FM
Resi.
Totals Comm:
=
6,300
$
40,000
$ 480,000
$ 76
$ 480,000
$ 10,500,000
Totals Resi:
=
10,200
$
29,490
$ 353,880
$ 35
$ 445,752
$ 19,365,000
ESTIMATED CURRENT EXPENSES: Insurance:
$1 PSF
$
12,500
Management:
2.50%
$
23,144
Elevator Maintenance:
$
5,000
Misc.
$
8,000
RE Taxes:
$
86,372
Expenses Total:
$
135,016
NOI (Projected)
$ 790,736
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.
An elegant 25 foot property in a great TriBeCa location. The property benefits from southern exposure, an elevator and large windows. Excellent ceiling heights. The property is 3 blocks away from the soon to be opened high end retail centers at the WTC and Brookfield Place whose tenants are Apple, Hugo Boss, J. Varvatos, Hermes and many others. The immediate area is perfect for families, from Washington Market park’s events, to excellent schools, to Whole Foods and Barnes & Noble. Enjoy high end restaurants - Bouley, Palm and Nobu and then relax by biking, tennis or taking sailing classes. Condos in the immediate area sell for $1,800+ per SF and a PH reached $4,200 per SF at 37 Warren Street. Great condo conversion or perfect for a user who wants to also have strong income.
NEW ASKING PRICE: $21,500,000 For additional information: Nick Petkoff, President, Better Brokers LLC Exclusive Broker
Tel. 212-769-9220; [email protected]
Block/ Lot: 132 - 2 Lot Size: 25 ft x 100 ft Lot SF: 2,500 Building Size: 25 ft. x 97 ft. Stories: 6 Building SF: 12,500+ Lower levels SF: 4,000+ SF Zoning: C 6-2A Air Rights: Pls. talk to an architect : Taxes (14/15): $86,372
(Approx.; Irr.) (Approx.; Irr.) (Approx.; Irr.) (Approx.) (Approx.) (Approx.) (Approx.) (Approx.)
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.
Nick Petkoff President, Better Brokers LLC Tel. 212212-769769-9220
[email protected]
Exclusive Listing: Excellent Condo Conversion or User Opportunity 67 Murray Street, Tribeca, NY 10013
Income and Expenses (Estimated) Appr ox. Net SF
Lease Term
Monthly Rent
Annual Income
$/SF
Rent $ Projected
Condo $ Projected
$ 480,000
$ 76
$480,000
$ 10,500,000
$
-
$ -
8,600
$ 103,200
$ 38
$ 125,000
$ 4,725,000
$
6,000
$ 72,000
$ 34
$ 100,000
$ 3,780,000
RS
$
2,396
$ 28,752
$ 14
$ 28,752
$ 1,890,000
2,100
Apr-15
$
6,744
$ 80,928
$ 39
$ 120,000
$ 5,040,000
1,200
M/M
$
5,750
$ 66,000
$ 55
$ 72,000
$ 4,200,000
Unit
Status
Tenant
Retail
Comm.
Kinjo
2,300
May-30
$
40,000
Includes Bsmt and subbasement
Comm.
Used by Retail
4,000
N/A
$
-
2nd Fl
FM
Resi.
2,700
Jun-15
$
3rd Fl
FM
Resi.
2,100
Jul-15
4th Fl
RS
Resi.
2,100
5th Fl.
FM
Resi.
6th Fl.
FM
Resi.
Totals Comm:
=
6,300
$
40,000
$ 480,000
$ 76
$ 480,000
$ 10,500,000
Totals Resi:
=
10,200
$
29,490
$ 353,880
$ 35
$ 445,752
$ 19,365,000
ESTIMATED CURRENT EXPENSES: Insurance:
$1 PSF
$
12,500
Management:
2.50%
$
23,144
Elevator Maintenance:
$
5,000
Misc.
$
8,000
RE Taxes:
$
86,372
Expenses Total:
$
135,016
NOI (Projected)
$ 790,736
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.
