2730 & 2734 EAST 23rd Street

Brooklyn, NY 11235Prime Sheepshead Bay Two - 6 Unit Buildings

New Construction

$ 4,800,000

Contact Russ Braginskiy

Exor Asset Management 917-318-0155

BUILDING DETAILS* Two Centrally Located Three Story Walkup Buildings* New Construction with 421A Tax Abatement (12 Years Left)* 12 Total Units: 10 One Bedrooms & 2 Studios.* 6 Parking Spots and 2 Driveways - All Rented Separately.* Oversized Balconies.* Video Intercom Systems.* Granite Counter Tops* Energy Efficient Washers & Dryers Inside All Of The One Bedroom Units.* New Dish Washing Machines Inside All Of The Units.* 11,880 SF Building.* 9,000 SF Lot

Opportunities for Growth * Create Common Roof Deck.* Create Private Rear Yards For First Floor Units.* Increase All Parking Prices (Currently Priced 25% Below Market).

LOCATION DETAILS* 10 Minute Walk to the Local/Express B/Q Trains* 40 Minutes To Manhattan* 2 / 3 Blocks From Restaurants, Supermarkets & Shops

Contact Russ Braginskiy Exor Asset Management 917-318-0155

RECENT REPAIRS* New Stucco on North, South and West Walls in 2018/2019.* New Roof on 2730 East 23rd in 2019.* New Electrical Meters for 2730 & 2734 in March 2019* Installation of Cameras Around Both Properties Planned in June 2019

Building Unit Status Monthly Yearly2730 1B Occupied $1,725 $20,7002730 1F Occupied $1,475 $17,7002730 2B Occupied $1,849 $22,1882730 2F Occupied $1,900 $22,8002730 3B Occupied $1,880 $22,5602730 3F Occupied $1,875 $22,5002730 East 23 Driveway Occupied $200 $2,4002730 Dooley Driveway Occupied $125 $1,5002730 East 23 Space 1 Occupied $150 $1,8002730 Dooley Space 1 Occupied $150 $1,8002734 1B Occupied $1,715 $20,5802734 1F Occupied $1,475 $17,7002734 2B Occupied $1,900 $22,8002734 2F Occupied $1,875 $22,2002734 3B Occupied $1,900 $22,8002734 3F Occupied $1,865 $22,3802734 East 23 Space 1 Occupied $150 $1,8002734 East 23 Space 2 Occupied $150 $1,8002734 Dooley Space 1 Occupied $150 $1,8002734 Dooley Space 2 Occupied $150 $1,800TOTAL $22,659 $271,908

Building Description Monthly Yearly2730 Property Taxes $142.17 $1,706.002734 Property Taxes $142.17 $1,706.002730 Insurance $354.17 $4,250.002734 Insurance $354.17 $4,250.002730 Water & Sewer $250.00 $3,000.002734 Water & Sewer $250.00 $3,000.002730 Common Electric $85.00 $1,020.002734 Common Electric $85.00 $1,020.002730 Super & Maintenance $500.00 $6,000.002734 Super & Maintenance $500.00 $6,000.00TOTAL $2,662.67 $31,952.00

Yearly Gross Income $271,098Yearly Gross Expenses $31,952Net Income $239,956Asking $4,800,000CAP 5%

INCOME

EXPENSES

NET INCOMEContact Russ Braginskiy Exor Asset Management 917-318-0155

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Contact Russ Braginskiy Exor Asset Management 917-318-0155