Presentation title - Agorafy
301 Columbia Street Brooklyn, NY FOUR-STORY ATTACHED MIXED USE
FOR SALE
Asking Price: $2,450,000 Property Highlights The subject property is a four-story, mixed use building located on the East side of Columbia between Woodhull and Summit Streets in the Columbia Waterfront District of Brooklyn. The building features a ground floor commercial unit and three residential units above. The property is advantageously situated for transit by subway. The F and G trains may be accessed by a short walk to either the Carroll Street or Smith / 9th Street stations. Transportation by car is also available with access to the Hugh L. Carey tunnel (Route 478) and the Brooklyn-Queen’s Expressway (Route 278) two blocks away. Additionally, the property benefits from its proximity to Governors Island, Brooklyn Bridge Park, Carroll Park and Cobble Hill. Just to the North, Brooklyn Bridge Park recently completed Pier 6 which consists of beach volleyball courts, Forino’s wood fired pizza, a ferry to Governors Island, and a dog park. Additionally, the Brooklyn Greenway winds along the shore to Brooklyn Heights in the North and Red Hook to the South. Red Hook remains an artistically and culturally distinct destination neighborhood and it has benefited from the opening of IKEA and Fairway Market in recent years.
Building Features Location
Located on the East side of Columbia between Woodhull and Summit Streets.
Block / Lot
358 / 3
Zoning
R6A / C2-4
FAR
3.00
Lot Size
20’ x 80’
sq. ft. (approx.)
Lot SF
1,600
sq. ft. (approx.)
Units
4
Commercial: 1 Apartments: 3
Building Size (Ground Floor)
20’ x 70’
sq. ft. (approx.)
Building Size (Floors 2-4)
20’ x 50’
sq. ft. (approx.)
Gross Building Area
4,400
sq. ft. (approx.)
Gross Basement Area
1,200
sq. ft. (approx.)
Stories
4
Assessment:(15/16)
$90,221
Taxes (15/16):
$11,598
F G
F G
For More Information, Please Contact: Brock Emmetsberger Executive Director (212) 660 7776 [email protected]
Winfield Clifford Director (718) 606 7054 [email protected]
Billy Simons Senior Associate (212) 660 7794 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Fl. Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
301 Columbia Street Brooklyn, NY FOUR-STORY ATTACHED MIXED USE
FOR SALE Revenue Unit
Status
Lease Expiration*
N.S.F**
Projected Monthly Rent
Projected Annual Rent
COMMERCIAL SPACE
Retail
Month-to-month
1200
$4,000
$48,000
APARTMENT 1
FM
Month-to-month
850
$2,800
$33,600
APARTMENT 2
FM
Month-to-month
850
$2,800
$33,600
APARTMENT 3
FM
Month-to-month
850
$2,800
$33,600
$12,400
$ 148,800
TOTAL
*All tenants are month-to-month and shown figures are projected. **Estimated N.S.F utilizing a 15% loss factor Revenue
Projected
Gross Annual Income
$148,800
Vacancy & Collection
3.00%
Adjusted Gross Annual Income
($4,464) $144,336
Expenses Real Estate Taxes (15/16)
($9,018)
Insurance
Estimated @ $500/unit
($2,000)
Fuel
Estimated @ $1.65/sf
($7,260)
Owner Actual
($720)
Estimated @ $0.65/sf
($2,860)
Owner Actual
($4,330)
Estimated @ 3% / AGR
($4,330)
Electric Water & Sewer Repairs & Maintenance Management Total Annual Expenses
($30,578)
Net Operating Income Effective Gross Annual Income Total Expenses
$144,336 21%
N.O.I.
($30,518) $113,818
For More Information, Please Contact: Brock Emmetsberger Executive Director (212) 660 7776 [email protected]
Winfield Clifford Director (718) 606 7054 [email protected]
Billy Simons Senior Associate (212) 660 7794 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Fl. Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
FOR SALE
Asking Price: $2,450,000 Property Highlights The subject property is a four-story, mixed use building located on the East side of Columbia between Woodhull and Summit Streets in the Columbia Waterfront District of Brooklyn. The building features a ground floor commercial unit and three residential units above. The property is advantageously situated for transit by subway. The F and G trains may be accessed by a short walk to either the Carroll Street or Smith / 9th Street stations. Transportation by car is also available with access to the Hugh L. Carey tunnel (Route 478) and the Brooklyn-Queen’s Expressway (Route 278) two blocks away. Additionally, the property benefits from its proximity to Governors Island, Brooklyn Bridge Park, Carroll Park and Cobble Hill. Just to the North, Brooklyn Bridge Park recently completed Pier 6 which consists of beach volleyball courts, Forino’s wood fired pizza, a ferry to Governors Island, and a dog park. Additionally, the Brooklyn Greenway winds along the shore to Brooklyn Heights in the North and Red Hook to the South. Red Hook remains an artistically and culturally distinct destination neighborhood and it has benefited from the opening of IKEA and Fairway Market in recent years.
Building Features Location
Located on the East side of Columbia between Woodhull and Summit Streets.
Block / Lot
358 / 3
Zoning
R6A / C2-4
FAR
3.00
Lot Size
20’ x 80’
sq. ft. (approx.)
Lot SF
1,600
sq. ft. (approx.)
Units
4
Commercial: 1 Apartments: 3
Building Size (Ground Floor)
20’ x 70’
sq. ft. (approx.)
Building Size (Floors 2-4)
20’ x 50’
sq. ft. (approx.)
Gross Building Area
4,400
sq. ft. (approx.)
Gross Basement Area
1,200
sq. ft. (approx.)
Stories
4
Assessment:(15/16)
$90,221
Taxes (15/16):
$11,598
F G
F G
For More Information, Please Contact: Brock Emmetsberger Executive Director (212) 660 7776 [email protected]
Winfield Clifford Director (718) 606 7054 [email protected]
Billy Simons Senior Associate (212) 660 7794 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Fl. Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
301 Columbia Street Brooklyn, NY FOUR-STORY ATTACHED MIXED USE
FOR SALE Revenue Unit
Status
Lease Expiration*
N.S.F**
Projected Monthly Rent
Projected Annual Rent
COMMERCIAL SPACE
Retail
Month-to-month
1200
$4,000
$48,000
APARTMENT 1
FM
Month-to-month
850
$2,800
$33,600
APARTMENT 2
FM
Month-to-month
850
$2,800
$33,600
APARTMENT 3
FM
Month-to-month
850
$2,800
$33,600
$12,400
$ 148,800
TOTAL
*All tenants are month-to-month and shown figures are projected. **Estimated N.S.F utilizing a 15% loss factor Revenue
Projected
Gross Annual Income
$148,800
Vacancy & Collection
3.00%
Adjusted Gross Annual Income
($4,464) $144,336
Expenses Real Estate Taxes (15/16)
($9,018)
Insurance
Estimated @ $500/unit
($2,000)
Fuel
Estimated @ $1.65/sf
($7,260)
Owner Actual
($720)
Estimated @ $0.65/sf
($2,860)
Owner Actual
($4,330)
Estimated @ 3% / AGR
($4,330)
Electric Water & Sewer Repairs & Maintenance Management Total Annual Expenses
($30,578)
Net Operating Income Effective Gross Annual Income Total Expenses
$144,336 21%
N.O.I.
($30,518) $113,818
For More Information, Please Contact: Brock Emmetsberger Executive Director (212) 660 7776 [email protected]
Winfield Clifford Director (718) 606 7054 [email protected]
Billy Simons Senior Associate (212) 660 7794 [email protected]
William Barrett Associate (718) 606 7047 [email protected]
Cushman & Wakefield 205 Montague Street, 3rd Fl. Brooklyn, NY 11201 phone: +1 718 238 8999 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, Cushman & wakefield copyright 2015. or Noother warranty or representation, express or implied, made thespecial accuracy or completeness of the information containedowner(s). herein, andAs same is submitted to errors, omissions,as change price, omissions, change of price, rental conditions, withdrawal without notice,isand to to any listing conditions imposed by the property applicable, we subject make no representation to theofcondition rental other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. of theorproperty (or properties) in question.
