GREENPOINT PORTFOLIO

GREENPOINT PORTFOLIO

PORTFOLIO OVERVIEW

Greenpoint, Brooklyn

160 GUERNSEY STREET

PROPERTY FEATURES

STATUS

S.F.*

EXPIRATION

$ / S.F.

MONTHLY RENT

ANNUAL RENT

Studio / 1BA

Free Market

500

7/31/2016

$60

$2,500

$30,000

2

Studio / 1BA

Free Market

500

7/31/2016

$60

$2,500

$30,000

3

2BR / 1BA

Free Market

500

7/31/2016

$67

$2,800

$33,600

4

1BR / 1BA

Free Market

500

7/31/2016

$67

$2,800

$33,600

$64

$10,600

$127,200

TOTAL

2,000

* S.F. is estimated using a 12% loss factor

EXPENSES REAL ESTATE TAXES (15/16)

$3,497

INSURANCE

$1,600

COMMON ELECTRIC

$560

WATER & SEWER

$2,240

REPAIRS & MAINTENANCE (3%)

$3,816

PROPERTY MANAGEMENT & VACANCY (5%)

$6,360

TOTAL

$18,073

GROSS ANNUAL INCOME

$127,200

Lot Dimensions

16’ x 50’

Lot SF

800 (approx.)

Building Dimensions

16’ x 35’

Building SF

2,240 (approx.)

Zoning

R6B

Stories

4

Residential Units

4

Assessment (15/16)

$27,147

Taxes (15/16)

$3,497

Tax Class

Protected Class 2A

N

LORIMER STREET

MESEROLE AVENUE

BEDROOMS / BATHS

1

2618 / 59

NORMAN AVENUE

UNIT

Block / Lot

GUERNSEY STREET

ASKING PRICE LESS EXPENSES

$18,073

NET OPERATING INCOME

$109,127

$2,400,000 CUSHMAN & WAKEFIELD

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GREENPOINT PORTFOLIO

PORTFOLIO OVERVIEW

Greenpoint, Brooklyn

160 GUERNSEY STREET

CUSHMAN & WAKEFIELD

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