GREENPOINT PORTFOLIO
PORTFOLIO OVERVIEW
Greenpoint, Brooklyn
290-292 NASSAU AVENUE
PROPERTY FEATURES
UNIT
BEDROOMS / BATHS
STATUS
S.F.*
EXPIRATION
$ / S.F.
MONTHLY RENT
ANNUAL RENT
1R
1BR / 1BA
Free Market
740
10/31/2015
$24
$1,450
$17,400
Retail **
-
Ow ner Occupied
740
N/A
$49
$3,000
$36,000
2R
2BR / 1BA
Free Market
740
9/30/2015
$41
$2,500
$30,000
2F
3BR / 1BA
Free Market
740
12/31/2015
$49
$3,000
$36,000
3R
1BR / 1BA
Free Market
740
11/30/2015
$37
$2,300
$27,600
3F
3BR / 1BA
Free Market
740
9/30/2015
$49
$3,000
$36,000
1R
1BR / 1BA
Free Market
740
12/1/2015
$32
$2,000
$24,000
Retail
-
Commercial
740
7/19/2016
$32
$2,000
$24,000
2R
1BR / 1BA
Free Market
740
8/31/2015
$41
$2,500
$30,000
2F
3BR / 1BA
Free Market
740
9/30/2015
$49
$3,000
$36,000
3R
1BR / 1BA
Free Market
740
1/31/2016
$29
$1,800
$21,600
3F
3BR / 1BA
Free Market
740
5/31/2016
$49
$3,000
$36,000
$40
$29,550
$354,600
TOTAL
8,880
Block / Lots
2691 / 7 & 8
Combined Lot Dimensions
40’ x 100’
Combined Lot SF
4,000 (approx.)
Combined Building Dimensions
40’ x 87’
Combined Building SF
10,440 (approx.)
Zoning
R6B / C2-4
Stories
3
Residential Units
11
Commercial Units
1
Combined Assessment (15/16)
$101,258
Combined Taxes (15/16)
$13,045
Tax Class
Protected Class 2A
N
HAUSMAN STREET
** Projected due to vacancy
REAL ESTATE TAXES (15/16)
$13,045
INSURANCE
$6,400
WATER & SEWER
$2,500
UTILITIES
$9,074
REPAIRS & MAINTENANCE (3%)
$10,638
PROPERTY MANAGEMENT & VACANCY (5%)
$17,730
TOTAL
$59,387
GROSS ANNUAL INCOME
$354,600
DRIGGS AVENUE
EXPENSES
NASSAU AVENUE
* S.F. is estimated using a 15% loss factor
MORGAN AVENUE
ASKING PRICE LESS EXPENSES
$59,387
NET OPERATING INCOME
$295,213
$5,500,000 CUSHMAN & WAKEFIELD
24
GREENPOINT PORTFOLIO
PORTFOLIO OVERVIEW
Greenpoint, Brooklyn
290-292 NASSAU AVENUE
CUSHMAN & WAKEFIELD
25