Multifamily Building For Sale
Multifamily Building For Sale 468 Ralph Avenue Crown Heights, Brooklyn, NY 11221 PROPERTY DETAILS: Location Block & Lot Zoning FAR Lot Size Lot Sq. Ft. Building Size Stories Building Sq. Ft. Units Assessment Taxes
West side of Ralph Ave. between Saint Marks Ave. and Prospect Pl. 1363 / 52 R6 2.20 30.29' X 100'
(Approx.)
3,029
(Approx.)
30.29' X 56.25'
(Approx.)
3 + Basement 4,901
(Approx.)
6 $21,643
('14/'15)
$2,845
('14/'15)
PROVIDED/PROJECTED EXPENSES: Expense MK Metrics Real Estate Taxes:
DOF Bill
$2,845
$400 / Unit
$2,400
$1.00 / Sq. Ft.
$4,901
$1.50
$7,352
Common Electric:
$.15 / Sq. Ft.
$735
Repairs & Maintenance:
$400 / Unit
$2,400
Insurance: Water/Sewer:
Property Description:
The subject property is a 30 foot wide, brick multifamily building located in northeast Crown Heights. The building contains six three bedroom units, collecting roughly $30 per foot on average. Public transportation is available nearby, with the C train seven blocks away and the 3, 4, 5, L, & J trains all within walking distance, offering access to Williamsburg, Downtown Brooklyn, and Manhattan within 20 minutes. Take advantage of this opportunity to own a cash flowing investment property in one of Brooklyn’s most rapidly growing neighborhoods.
Projected
Gas Heat:
Vacancy & Management: 7% Gross Income
$9,255
Total: Exp Ratio: 22.61%
$29,888
Gross Income:
$132,216
Less Expenses:
$29,888
Net Operating Income:
$102,328
ASKING PRICE: $1,695,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
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
QUEENS
STATEN ISLAND
WESTCHESTER
Multifamily Building For Sale 468 Ralph Avenue Crown Heights, Brooklyn, NY 11221 ACTUAL INCOME Unit
Type
Bed/Bath
Size*
$ / SF
Monthly
Annual
1L
Occupied
3 Bed / 1 Bath
725
$31.58
$1,908
$22,896
1R
Occupied
3 Bed / 1 Bath
725
$29.05
$1,755
$21,060
2L
Occupied
3 Bed / 1 Bath
725
$30.37
$1,835
$22,020
2R
Occupied
3 Bed / 1 Bath
725
$31.46
$1,901
$22,812
3L
Occupied
3 Bed / 1 Bath
725
$27.31
$1,650
$19,800
3R
Occupied
3 Bed / 1 Bath
725
$32.59
$1,969
$23,628
4,350
$30.39
$11,018
$132,216
Total: * Estimated Net Square Feet
J
A C
L
C
A C
C
LIRR
L
468 Ralph Avenue
3 4 5
L
ASKING PRICE: $1,695,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
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
QUEENS
STATEN ISLAND
WESTCHESTER
West side of Ralph Ave. between Saint Marks Ave. and Prospect Pl. 1363 / 52 R6 2.20 30.29' X 100'
(Approx.)
3,029
(Approx.)
30.29' X 56.25'
(Approx.)
3 + Basement 4,901
(Approx.)
6 $21,643
('14/'15)
$2,845
('14/'15)
PROVIDED/PROJECTED EXPENSES: Expense MK Metrics Real Estate Taxes:
DOF Bill
$2,845
$400 / Unit
$2,400
$1.00 / Sq. Ft.
$4,901
$1.50
$7,352
Common Electric:
$.15 / Sq. Ft.
$735
Repairs & Maintenance:
$400 / Unit
$2,400
Insurance: Water/Sewer:
Property Description:
The subject property is a 30 foot wide, brick multifamily building located in northeast Crown Heights. The building contains six three bedroom units, collecting roughly $30 per foot on average. Public transportation is available nearby, with the C train seven blocks away and the 3, 4, 5, L, & J trains all within walking distance, offering access to Williamsburg, Downtown Brooklyn, and Manhattan within 20 minutes. Take advantage of this opportunity to own a cash flowing investment property in one of Brooklyn’s most rapidly growing neighborhoods.
Projected
Gas Heat:
Vacancy & Management: 7% Gross Income
$9,255
Total: Exp Ratio: 22.61%
$29,888
Gross Income:
$132,216
Less Expenses:
$29,888
Net Operating Income:
$102,328
ASKING PRICE: $1,695,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
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
QUEENS
STATEN ISLAND
WESTCHESTER
Multifamily Building For Sale 468 Ralph Avenue Crown Heights, Brooklyn, NY 11221 ACTUAL INCOME Unit
Type
Bed/Bath
Size*
$ / SF
Monthly
Annual
1L
Occupied
3 Bed / 1 Bath
725
$31.58
$1,908
$22,896
1R
Occupied
3 Bed / 1 Bath
725
$29.05
$1,755
$21,060
2L
Occupied
3 Bed / 1 Bath
725
$30.37
$1,835
$22,020
2R
Occupied
3 Bed / 1 Bath
725
$31.46
$1,901
$22,812
3L
Occupied
3 Bed / 1 Bath
725
$27.31
$1,650
$19,800
3R
Occupied
3 Bed / 1 Bath
725
$32.59
$1,969
$23,628
4,350
$30.39
$11,018
$132,216
Total: * Estimated Net Square Feet
J
A C
L
C
A C
C
LIRR
L
468 Ralph Avenue
3 4 5
L
ASKING PRICE: $1,695,000 For complete offering information or inspection, please contact Exclusive Agents: Michael Amirkhanian
DJ Johnston
Robert Moore
William Cheng
Director of Sales [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Senior Associate [email protected]
Tel: (718) 606-7073
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
QUEENS
STATEN ISLAND
WESTCHESTER
