Multifamily Building For Sale - Agorafy
Multifamily Building For Sale 122 33rd Street Greenwood Heights, Brooklyn, NY 11232 Location: Block & Lot: Zoning: FAR: Lot Size:
Located on the south side of 33rd Street between 3rd Avenue and 4th Avenue. 684 / 15 M1-2D 2.0 25' x 100.17‘ (Approx.)
Lot SF:
2,504 SF (Approx.)
Bldg. Size:
25' x 85’ (Approx.)
Gross Bldg. SF:
5,750 SF (Approx.)
Units:
6
R.E. Taxes:
$7,426 (’14/’15)
Assessment:
$56,492 (’14/’15)
PROVIDED / PROJECTED EXPENSES
Property Description: The subject property is a six family building located in Greenwood Heights. The building is 25 feet wide with four 3 bedroom units and two duplex units each with 3 bedroom units. Public transportation is available just 3 and half blocks away with the D/N/R trains at 36th Street Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. Take advantage of this opportunity to own a investment property in one of Brooklyn’s most rapidly growing neighborhoods.
Type
MK Metrics
Projected
R.E. Taxes (14/15)
DOF Tax Bill
$7,426
Insurance
$1.00 / GSF
$5,750
Water & Sewer
$1.00 / GSF
$5,750
Heating Fuel
$1.25 / GSF
$7,188
Electric (Common)
$0.15 / GSF
$863
Repairs & Maintenance
$500 / Unit
$3,000
Superintendent
$250 / Unit
$1,500
Management
5% of EGI
$7,265
Exp. Ratio: 26.66%
$38,741
Total:
Projected Effective Gross Income
$139,971
Less Expenses
($38,741)
Projected Net Operating Income
$101,230
ASKING PRICE: $1,595,000 For complete offering information or inspection, please contact Exclusive Agents: Aaron Warkov
Michael Amirkhanian
Adam Ecker
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Director of Sales [email protected]
Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 307-6551
Tel: (718) 606-7073
Tel: (718) 606-7049
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Multifamily Building For Sale 122 33rd Street Greenwood Heights, Brooklyn, NY 11232 R
R
D
N
R
R
CURRENT REVENUE Unit
Type
Status
Size (SF)
Rent
Rent / SF
Annual Rent
1F
3 Bedroom - Duplex
Vacant
1,200
$3,200
$32.00
$38,400
1R
3 Bedroom
Rent Stabilized
910
$987
$13.02
$11,844
2F
3 Bedroom
Rent Stabilized
910
$1,180
$15.56
$14,160
2R
3 Bedroom
Rent Stabilized
910
$1,058
$13.95
$12,696
3F
3 Bedroom
Vacant
910
$2,800
$36.92
$33,600
3R
3 Bedroom
Vacant
910
$2,800
$36.92
$33,600
$12,025
$24.73
$144,300
Total Gross Income: Vacancy & Credit Loss @ 3%:
($4,329)
Effective Gross Income:
$139,971
Projected Rents Due to Vacancy For complete offering information or inspection, please contact Exclusive Agents: Aaron Warkov
Michael Amirkhanian
Adam Ecker
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Director of Sales [email protected]
Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 307-6551
Tel: (718) 606-7073
Tel: (718) 606-7049
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Located on the south side of 33rd Street between 3rd Avenue and 4th Avenue. 684 / 15 M1-2D 2.0 25' x 100.17‘ (Approx.)
Lot SF:
2,504 SF (Approx.)
Bldg. Size:
25' x 85’ (Approx.)
Gross Bldg. SF:
5,750 SF (Approx.)
Units:
6
R.E. Taxes:
$7,426 (’14/’15)
Assessment:
$56,492 (’14/’15)
PROVIDED / PROJECTED EXPENSES
Property Description: The subject property is a six family building located in Greenwood Heights. The building is 25 feet wide with four 3 bedroom units and two duplex units each with 3 bedroom units. Public transportation is available just 3 and half blocks away with the D/N/R trains at 36th Street Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. Take advantage of this opportunity to own a investment property in one of Brooklyn’s most rapidly growing neighborhoods.
Type
MK Metrics
Projected
R.E. Taxes (14/15)
DOF Tax Bill
$7,426
Insurance
$1.00 / GSF
$5,750
Water & Sewer
$1.00 / GSF
$5,750
Heating Fuel
$1.25 / GSF
$7,188
Electric (Common)
$0.15 / GSF
$863
Repairs & Maintenance
$500 / Unit
$3,000
Superintendent
$250 / Unit
$1,500
Management
5% of EGI
$7,265
Exp. Ratio: 26.66%
$38,741
Total:
Projected Effective Gross Income
$139,971
Less Expenses
($38,741)
Projected Net Operating Income
$101,230
ASKING PRICE: $1,595,000 For complete offering information or inspection, please contact Exclusive Agents: Aaron Warkov
Michael Amirkhanian
Adam Ecker
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Director of Sales [email protected]
Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 307-6551
Tel: (718) 606-7073
Tel: (718) 606-7049
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
Multifamily Building For Sale 122 33rd Street Greenwood Heights, Brooklyn, NY 11232 R
R
D
N
R
R
CURRENT REVENUE Unit
Type
Status
Size (SF)
Rent
Rent / SF
Annual Rent
1F
3 Bedroom - Duplex
Vacant
1,200
$3,200
$32.00
$38,400
1R
3 Bedroom
Rent Stabilized
910
$987
$13.02
$11,844
2F
3 Bedroom
Rent Stabilized
910
$1,180
$15.56
$14,160
2R
3 Bedroom
Rent Stabilized
910
$1,058
$13.95
$12,696
3F
3 Bedroom
Vacant
910
$2,800
$36.92
$33,600
3R
3 Bedroom
Vacant
910
$2,800
$36.92
$33,600
$12,025
$24.73
$144,300
Total Gross Income: Vacancy & Credit Loss @ 3%:
($4,329)
Effective Gross Income:
$139,971
Projected Rents Due to Vacancy For complete offering information or inspection, please contact Exclusive Agents: Aaron Warkov
Michael Amirkhanian
Adam Ecker
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Director of Sales [email protected]
Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 307-6551
Tel: (718) 606-7073
Tel: (718) 606-7049
Tel: (718) 307-6515
Tel: (718) 606-7046
Tel: (718) 606-7037
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.
205 Montague Street • Third Floor • Brooklyn, NY 11201 • 718.238.8999 • Fax 718.238.6091 www.masseyknakal.com THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER
