Exclusive Listing - Agorafy

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158 Irving Avenue Bushwick, Brooklyn Mixed Used Building 303 EAST 56TH STREET NEW YORK, NY 10022

Exclusive Listing By Justin Zeitchik

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158 Irving Avenue Bushwick, Brooklyn

Property Overview

Asking Price: $2,100,000

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Property Description

158 Irving Avenue Brooklyn, NY 11237

A walk up, three story, mixed use building consisting of six residential units and one commercial unit. The building will be delivered with five vacancies. The property is located one block from the Dekalb Avenue [L] train station and within walking distance of the Knickerbocker Avenue [M] train station. 25’ X 100’

Lot SF

2,500 SF

Building Dimensions

25’ X 65’

Building SF

4,875 SF

Block/Lot

3247/47

FAR

2.2

Zoning

R6

Assessment

$57,920

Taxes (15/16)

$7,462

Total Buildable SF:

5,500 SF

Asking Price:

$2,100,000

Property Description Company Overview

Lot Dimensions

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INCOME 2 Apartments Leased 4 Apartments Vacant (Projected) 1 Commercial Vacant (Projected) Gross Income

$13,620 $111,600 $28,200 $153,420

$7,462 $4,900 $5,000 $8,400 $1,312 $2,500 $29,574

Net Operating Income

Unit RETAIL Studio 1L 2R 2L 3R 3L Totals

Rooms 2 4 4 4 4 4 22

$124,026

Status VACANT VACANT RS VACANT VACANT VACANT RS

Monthly Rent $2,350 $1,800 $447 SCRIE $2,500 $2,500 $2,500 $688 $12,800

Annual Rent $28,200 $21,600 $5,368 $30,000 $30,000 $30,000 $8,253 $153,420

Financial Overview Company Overview

EXPENSES Property Taxes (15/16) Water and Sewer Insurance Fuel Utilities Repairs and Maintenance Total Expenses

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EPIC Commercial Realty represent clients from around the world, focusing

on investment sales in the bustling New York metropolitan area. We provide the highest level of professionalism, comprehensive and innovative real estate solutions to investors, property owners, and corporations world-wide, and ensure our clients optimum, fast, and smooth transactions.

Collectively, EPIC professionals bring nearly 70 years of commercial real estate experience to your portfolio. Not surprisingly, such teamwork produces results beyond expectations as we incessantly deliver full consultation services based on detailed research and evaluation. Every indication demonstrates our talented and accomplished professionals are performing well beyond the industry standard for commercial real estate firms producing with excellence for clients in a global arena. EPIC continues to expand its management of commercial real estate investments throughout the Greater New York Metropolitan Area, including New York State and New Jersey.

Company Overview Company Overview

Based in Soho, NY our clients include storefront owners, retail chains, institutional landlords and real estate developers. EPIC is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide. The measure of our successes is determined by the quality of business relationships we forge. A multi-tier approach allows every aspect of our service to manage transactions for each client with specialized attention to maintaining our focus on timing and the market place.

Justin Zeitchik Investment Sales Associate 5

Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (212) 226-9000

Justin Zeitchik

Investment Sales Associate (646) 278-4642 [email protected]

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