total units price /sf cap rate frontage total square feet projected taxes ...
Tel: (212) 430-5114 [email protected] Tel: (212) 430-5137 [email protected]
TOTAL UNITS
TOTAL SQUARE FEET
Tel: (212) 430-5136 [email protected] Tel: (212) 430-6146 [email protected]
Tel: (212) 430-5168 [email protected]
PRICE /SF
PROJECTED TAXES
CAP RATE
GRM
FRONTAGE
TOTAL AIR RIGHTS
OFFERING PRICE
$/SF
$3,900,000
$833
$/UNIT
$557,143
TOTAL SF
4,684
TOTAL UNITS
7
100%
RATIO OF
CURRENT METRICS
FAIR MARKET UNITS
CAP RATE
8%
PROPERTY TAXES
GRM
RATIO
PRO FORMA METRICS
$2,057
PRO FORMA
CAP RATE
AVERAGE MONTHLY
GRM
RENT
CASH ON CASH
CURRENT
PRO FORMA
Gross Potential Residential Rent
$150,300
$172,800
Gross Income
$150,300
$172,800
Vacancy/Collection Loss
($4,509)
($5,184)
Effective Gross Income
$145,791
$167,616
Average Residential Rent/Month/Unit
$1,789
$2,057
25.9 3.2% 22.6
EXPENSES $11,142
$11,142
Fuel - Gas
$6,300
$6,300
Insurance
$3,150
$3,150
Water and Sewer
$3,200
$3,200
UPSIDE ANALYSIS
Repairs and Maintenance
$5,250
$5,250
$3,000
Common Electric (PPSF)
$1,075
$1,075
$2,500
Super Salary
$4,000
$4,000
$2,000
Management Fee
$7,290
$8,381
$1,500
Total Expenses
$41,407
$42,498
$1,000
Net Operating Income
$104,384
$125,118
EXPENSE RATIO
28%
2.7%
INCOME
2.18%
Property Taxes
Tax Class: 2B
$500 $0 Studio 1 Bedroom 2 Bedroom
LEASE STATUS ANALYSIS Current Avg RS Units Market Rents Current Avg FM Rents
PROPOSED DEBT
UNIT BREAKDOWN
% OF TOTAL
TOTAL
AVG. RENT
Total Units
--
7
$1,789
Total RS Units
0%
0
$0
Total RC Units
0%
0
$0
Debt Service
($68,486)
Total FM Units
100%
7
$1,789
Debt Coverage Ratio
1.52
Total Commercial
--
0
$0
Net Debt Cash Flow After Debt Service
$56,632
Loan Amount
$1,300,000
Interest Rate
3.25%
UNIT TYPE ANALYSIS
Amortization
30
TYPE
% OF TOTAL
TOTAL
AVG. RENT
Studio
29%
2
$1,500
1 Bedroom
29%
2
$1,588
2 Bedroom
43%
3
$2,117
4,684
$833
GROSS TOTAL SF
Peter Von Der Ahe Tel: (212) 430-5114
$/SF
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
RESIDENTIAL RENT UNIT#
LEASE STATUS
NOTES
BEDROOMS
ROOMS
EXPIRATION
ACTUAL
PRO FORMA
1
FM
Renovated
2 Bedroom
4
Aug-17
$2,250
$2,500
2
FM
Renovated
2 Bedroom
4
Sep-17
$2,100
$2,500
3R
FM
1 Bedroom
3
Sep-17
$1,575
$1,850
3F
FM
Studio
2
$1,600
$1,600
4R
FM
1 Bedroom
3
Jun-17
$1,600
$1,850
4F
FM
Studio
2
Jun-17
$1,400
$1,600
5
FM
2 Bedroom
4
Sep-17
$2,000
$2,500
10
22
$12,525
$14,400
ACTUAL
PRO FORMA
$150,300
$172,800
Vacant
Floor-Through, Roof Deck
MONTHLY RESIDENTIAL REVENUE
TOTAL ANNUAL REVENUE There is currently 1 vacant unit in the building. The super lives off site.
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
CITY:
New Yorki
STATE:
NYi
BLOCK & LOT:
2135 / 30i
LOT DIMENSIONS:
32 x 46i
LOT SF:
1,296i
BUILDING DIMENSIONS:
26 x 45i
BUILDING SF:
4,300i
ZONING:
R8i
MAX FAR:
6.02i
AVAILABLE AIR RIGHTS:
4,866i
LANDMARK DISTRICT:
Nonei
HISTORIC DISTRICT:
Nonei
ANNUAL TAX BILL:
__$11,142
TAX CLASS:
Peter Von Der Ahe Tel: (212) 430-5114
2Bi
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein
Tel: (212) 430-5137
Seth Glasser
Tel: (212) 430-5136
Rafi Moskowitz
Tel: (212) 430-6146
Financing Andrew Dansker Inquiries: Tel: (212) 430-5168
TOTAL UNITS
TOTAL SQUARE FEET
Tel: (212) 430-5136 [email protected] Tel: (212) 430-6146 [email protected]
Tel: (212) 430-5168 [email protected]
PRICE /SF
PROJECTED TAXES
CAP RATE
GRM
FRONTAGE
TOTAL AIR RIGHTS
OFFERING PRICE
$/SF
$3,900,000
$833
$/UNIT
$557,143
TOTAL SF
4,684
TOTAL UNITS
7
100%
RATIO OF
CURRENT METRICS
FAIR MARKET UNITS
CAP RATE
8%
PROPERTY TAXES
GRM
RATIO
PRO FORMA METRICS
$2,057
PRO FORMA
CAP RATE
AVERAGE MONTHLY
GRM
RENT
CASH ON CASH
CURRENT
PRO FORMA
Gross Potential Residential Rent
$150,300
$172,800
Gross Income
$150,300
$172,800
Vacancy/Collection Loss
($4,509)
($5,184)
Effective Gross Income
$145,791
$167,616
Average Residential Rent/Month/Unit
$1,789
$2,057
25.9 3.2% 22.6
EXPENSES $11,142
$11,142
Fuel - Gas
$6,300
$6,300
Insurance
$3,150
$3,150
Water and Sewer
$3,200
$3,200
UPSIDE ANALYSIS
Repairs and Maintenance
$5,250
$5,250
$3,000
Common Electric (PPSF)
$1,075
$1,075
$2,500
Super Salary
$4,000
$4,000
$2,000
Management Fee
$7,290
$8,381
$1,500
Total Expenses
$41,407
$42,498
$1,000
Net Operating Income
$104,384
$125,118
EXPENSE RATIO
28%
2.7%
INCOME
2.18%
Property Taxes
Tax Class: 2B
$500 $0 Studio 1 Bedroom 2 Bedroom
LEASE STATUS ANALYSIS Current Avg RS Units Market Rents Current Avg FM Rents
PROPOSED DEBT
UNIT BREAKDOWN
% OF TOTAL
TOTAL
AVG. RENT
Total Units
--
7
$1,789
Total RS Units
0%
0
$0
Total RC Units
0%
0
$0
Debt Service
($68,486)
Total FM Units
100%
7
$1,789
Debt Coverage Ratio
1.52
Total Commercial
--
0
$0
Net Debt Cash Flow After Debt Service
$56,632
Loan Amount
$1,300,000
Interest Rate
3.25%
UNIT TYPE ANALYSIS
Amortization
30
TYPE
% OF TOTAL
TOTAL
AVG. RENT
Studio
29%
2
$1,500
1 Bedroom
29%
2
$1,588
2 Bedroom
43%
3
$2,117
4,684
$833
GROSS TOTAL SF
Peter Von Der Ahe Tel: (212) 430-5114
$/SF
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
RESIDENTIAL RENT UNIT#
LEASE STATUS
NOTES
BEDROOMS
ROOMS
EXPIRATION
ACTUAL
PRO FORMA
1
FM
Renovated
2 Bedroom
4
Aug-17
$2,250
$2,500
2
FM
Renovated
2 Bedroom
4
Sep-17
$2,100
$2,500
3R
FM
1 Bedroom
3
Sep-17
$1,575
$1,850
3F
FM
Studio
2
$1,600
$1,600
4R
FM
1 Bedroom
3
Jun-17
$1,600
$1,850
4F
FM
Studio
2
Jun-17
$1,400
$1,600
5
FM
2 Bedroom
4
Sep-17
$2,000
$2,500
10
22
$12,525
$14,400
ACTUAL
PRO FORMA
$150,300
$172,800
Vacant
Floor-Through, Roof Deck
MONTHLY RESIDENTIAL REVENUE
TOTAL ANNUAL REVENUE There is currently 1 vacant unit in the building. The super lives off site.
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap
CITY:
New Yorki
STATE:
NYi
BLOCK & LOT:
2135 / 30i
LOT DIMENSIONS:
32 x 46i
LOT SF:
1,296i
BUILDING DIMENSIONS:
26 x 45i
BUILDING SF:
4,300i
ZONING:
R8i
MAX FAR:
6.02i
AVAILABLE AIR RIGHTS:
4,866i
LANDMARK DISTRICT:
Nonei
HISTORIC DISTRICT:
Nonei
ANNUAL TAX BILL:
__$11,142
TAX CLASS:
Peter Von Der Ahe Tel: (212) 430-5114
2Bi
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein Tel: (212) 430-5137
Seth Glasser Tel: (212) 430-5136
Rafi Moskowitz Tel: (212) 430-6146
Andrew Dansker Financing Inquiries: Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Scott Edelstein
Tel: (212) 430-5137
Seth Glasser
Tel: (212) 430-5136
Rafi Moskowitz
Tel: (212) 430-6146
Financing Andrew Dansker Inquiries: Tel: (212) 430-5168
