Tel: (212) 430-5114
[email protected] Tel: (718) 475-4369
[email protected] TOTAL UNITS
TOTAL SQUARE FEET
Tel: (718) 475-4380
[email protected] Tel: (718) 475-4387
[email protected] Tel: (212) 430-5168
[email protected] PRICE /SF
PROFORMA CAP RATE
PROFORMA GRM
PROJECTED TAXES
FRONTAGE
TOTAL AIR RIGHTS
OFFERING PRICE
$/SF
$2,150,000
$384
$/UNIT
$358,333
TOTAL SF
5,600
TOTAL UNITS
6
50%
RATIO OF FAIR MARKET UNITS
CURRENT METRICS
9%
PROPERTY TAXES RATIO
GRM
$1,992
PRO FORMA AVERAGE MONTHLY RENT
CAP RATE
EXPENSE RATIO
CAP RATE
4.6% 15.3
CURRENT $140,328
PRO FORMA $143,400
Gross Potential Commercial Rent
$0
$0
Gross Income Vacancy/Collection Loss
$140,328 ($4,210)
$143,400 ($4,302)
Other Income
$0
$0
Effective Gross Income
$136,118
$139,098
Average Residential Rent/Month/Unit
$1,949
$1,992
Property Taxes Tax Class: 2A Fuel - Gas Insurance Water and Sewer Repairs and Maintenance Common Electric (PPSF) Super Salary Management Fee
$11,679 $6,720 $2,850 $5,400 $3,000 $840 $2,400 $3,694
$11,679 $6,720 $2,850 $5,400 $3,000 $840 $2,400 $5,564
Total Expenses
$36,583
$38,453
Net Operating Income
$99,535
$100,645
LEASE STATUS ANALYSIS UNIT BREAKDOWN % OF TOTAL Total Units -Total RS Units 50% Total RC Units 0% Total FM Units 50% Total Commercial --
TOTAL 6 3 0 3 0
AVG. RENT $1,949 $865 $0 $3,033 $0
UNIT TYPE ANALYSIS TYPE Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom 6 Bedroom
% OF TOTAL 0% 0% 0% 67% 33% 0% 0%
TOTAL 0 0 0 4 2 0 0
AVG. RENT $0 $0 $0 $1,324 $3,200 $0 $0
SRO
0%
0
$0
PRO FORMA METRICS
4.7%
GRM #NUM!
15.0 #NUM!
UPSIDE ANALYSIS $3,500 $3,000 $2,500 $2,000
27%
INCOME Gross Potential Residential Rent
$1,500
$1,000
EXPENSES
$500
$0
Current Avg RS Units Market Rents Current Avg FM Rents
$384 $/SF
5,600 GROSS TOTAL SF
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
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
Andrew Dansker Tel: (212) 430-5168
RESIDENTIAL RENT UNIT# LEASE STATUS NOTES 1L FM Duplexed 1R FM Duplexed 2L RS 2R RS 3L FM 3R RS MONTHLY RESIDENTIAL REVENUE
BEDROOMS 4 Bedroom 4 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 20
ROOMS 6 6 5 5 5 5 32
SF 793 793 793 793 793 793 4,758
ANNUAL RESIDENTIAL REVENUE
TOTAL ANNUAL REVENUE There are currently 0 vacant units in the building. The super lives off site.
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
EXPIRATION Jun-17 Jun-17 Aug-16 Aug-16 Aug-16 Aug-16
ACTUAL $3,200 $3,200 $864 $865 $2,700 $865 $11,694
PRO FORMA $3,328 $3,328 $864 $865 $2,700 $865 $11,950
$140,328
$143,400
ACTUAL $140,328
PRO FORMA $143,400
Financing Inquiries:
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
$/PSF $50 $50 $13 $13 $41 $13
Andrew Dansker Tel: (212) 430-5168
CITY:
Ridgewoodi
STATE:
NYi
BLOCK & LOT:
3459 / 35i
LOT DIMENSIONS:
27.25 X 100i
LOT SF:
2,725i
BUILDING DIMENSIONS:
27.25 X 69i
BUILDING SF:
5,600i
ZONING:
R6Bi
MAX FAR:
2.00i
AVAILABLE AIR RIGHTS:
0i
LANDMARK DISTRICT: HISTORIC DISTRICT:
Nonei Ridgewood Southi
ANNUAL TAX BILL:
__$11,679i
TAX CLASS:
Peter Von Der Ahe Tel: (212) 430-5114
2Ai
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja Tel: (718) 475-4387
Financing Inquiries:
Andrew Dansker Tel: (212) 430-5168
Peter Von Der Ahe Tel: (212) 430-5114
Shaun Riney
Tel: (718) 475-4369
Thomas Shihadeh Tel: (718) 475-4380
George Koncilja
Tel: (718) 475-4387
Financing Andrew Dansker Inquiries: Tel: (212) 430-5168