powerpoint presentation · information. references to square footage or age are approximate. buyer...

4TOTAL UNITS

$600PRICE /SF

6.0%CAP RATE

25’ x 100’LOT SIZE

2,625TOTAL SQUARE FEET

$2,432PROJECTED TAXES

14.0GRM

Shaun RineyTel: (718) 475-4369

[email protected]

Michael SalvaticoTel: (718) 475-4358

[email protected]

Andrew Dansker | Financing InquiriesTel: (212) 430-5168

[email protected]

L I S T I N G M E T R I C S

58 Wyckoff AvenueIs being offered at $1,575,000

COVER OPTION1

F I N A N C I A L O V E R V I E W

5 8 W y c k o f f A v e n u e _

Andrew Dansker

Tel: (212) 430-5168

Financing

Inquiries:Shaun Riney

Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

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. © 2019 Marcus & Millichap

$/SF $600 INCOME CURRENT PRO FORMA

$/UNIT $393,750 Gross Potent ial Resident ial Rent $112,800 $112,800

TOTAL SF 2,625 Gross Potent ial Commercial Rent $0 $0

TOTAL UNITS 4 Gross Income $112,800 $112,800

CURRENT METRICS Other Income $0 $0

CAP RATE 6.0% Effect ive Gross Income $109,416 $109,416

GRM 14.0 Average Residential Rent/Month/Unit $2,350 $2,350

PRO FORMA METRICS

CAP RATE 6.0% EXPENSES

GRM 14.0 Property Taxes Tax Class: 1 $2,432 $2,432

CASH ON CASH 6.73% Fuel Pass-Thru $0 $0

Insurance Estimate $2,200 $2,200

Water and Sewer Estimate $2,000 $2,000

EXPENSE RATIO UPSIDE ANALYSIS Repairs and Maintenance Estimate $2,000 $2,000

Common Electric (PPSF) $394 $394

Super Salary Estimate $1,200 $1,200

Management Fee Estimate $4,377 $4,377

Total Expenses $14,602 $14,602

Net Operat ing Income $94,814 $94,814

LEASE STATUS ANALYSIS

UNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENT

Total Units -- 4 $2,350

Total RS Units 0% 0 $0

Total RC Units 0% 0 $0

Total FM Units 100% 4 $2,350

PROPOSED DEBT Total Commercial -- 0 $0

Debt Service ($56,088)

Debt Coverage Rat io 1.69 UNIT TYPE ANALYSIS

Net Debt Cash Flow After Debt Service $38,726 TYPE % OF TOTAL TOTAL AVG. RENT

Loan Amount $1,000,000 Studio 0% 0 $0

Interest Rate 3.75% 1 Bedroom 100% 4 $2,350

Amort izat ion 30 2 Bedroom 0% 0 $0

3 Bedroom 0% 0 $0

4 Bedroom 0% 0 $0

5 Bedroom 0% 0 $0

6 Bedroom 0% 0 $0

SRO 0% 0 $0

GROSS TOTAL SF

2,625 $600$/SF

OFFERING PRICE

13%

RATIO OF

FAIR MARKET UNITS

2% PROPERTY TAXES

RATIO

100%

$1,575,000

($3,384)($3,384)Vacancy/Collect ion Loss

$2,350 PRO FORMA

AVERAGE MONTHLY

RENT

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

Current Avg RS Units

Market Rents

Current Avg FM Rents

R E N T R O L L


Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

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. © 2019 Marcus & Millichap

RESIDENTIAL RENT

UNIT# LEASE STATUS NOTES BEDROOMS SF ACTUAL PRO FORMA $/PSF

1L FM Renovated/Duplex 1 Bedroom 557 $2,600 $2,600 $56

1R FM Renovated/Duplex 1 Bedroom 557 $2,600 $2,600 $56

2L FM Renovated 1 Bedroom 393 $2,100 $2,100 $64

2R FM Renovated 1 Bedroom 393 $2,100 $2,100 $64

MONTHLY RESIDENTIAL REVENUE 4 1,900 $9,400 $9,400

ANNUAL RESIDENTIAL REVENUE $112,800 $112,800

ANNUAL COMMERCIAL REVENUE $0 $0

ACTUAL PRO FORMA

TOTAL ANNUAL REVENUE $112,800 $112,800

The building is currently vacant.

There are 4 total units.

* Subject property is three floors. Property is fully vacant with approved plans and 90% of renovations complete. Contact broker.

** Each unit has separated HVAC units with tenant paying for electric heat, air conditioning and cooking.

*** The building is built 25' x 35' across three floors.

**** The property is located in a proposed rezoning area. Click link below. Page 66 and 72.

***** Under Bushwick Neighborhood Rezoning Plan, 58 Wyckoff located in proposed M3/R7 zone, allowing for up to 4.2 FAR of Residential, or

10,200 BSF.

CITY: Brooklyni

STATE: NYi

BLOCK & LOT:3210 / 34i

LOT DIMENSIONS: 25' x 99'i

LOT SF: 2,475i

BUILDING DIMENSIONS: 25' x 35'i

BUILDING SF: 2,625i

ZONING: m1i

MAX FAR: 1.00i

AVAILABLE AIR RIGHTS: 0i

LANDMARK DISTRICT: Nonei

HISTORIC DISTRICT: Nonei

ANNUAL TAX BILL:__$2,432i

TAX CLASS: 1i


P R O P E R T Y D E S C R I P T I O N

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358


M a r i a H e r n a n d e z P a r k


B U S H W I C K N E I G H B O R H O O D R E Z O N I N G P L A N

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

215 Moore Street

N O T A B L E D E V E L O P M E N T S

71 White Street – 7-story, 80,000 sf mixed-use hotel 215

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10 Montieth Street – 4 0 0 , 0 0 0 sf rental w/ 4 0 0 units

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95 Evergreen – 170,000 sf retail/office building

6 0 0 Bushwick Avenue – 4-story, 64-unit rental 16

Charles Place – 5-story 39-unit rental

668 Bushwick Avenue – 54,000 sf mixed-use building

101 Varick Avenue – 280,000 sf retail/office building The

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The Paper Mill – 58,000 sf retail/office building 1127

Willoughby Avenue – 9-story, 32-unit rental

338 Evergreen Avenue – 5-story, 180-unit rental building

Rh e in g o ld Brew ery

10 Montieth Street

71 W h i te Street

9 5 E v ergreen

101 V a r i ck A v en u e

T h e Jefferson

T h e P a p er Mill

6 6 8 Bu s h w ick A ven u e

371 S tockh o lm Street

6 0 0 Bu s h w ick A v en u e

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371 Stockholm Street – 8-story, 28-unit rental building 176

Woodward Avenue – 5-story, 130-unit rental building 475

Woodward Avenue – 4-story, 7-unit rental building 455

Onderdonk Avenue – 5-story, 15-unit rental building 1728 Himrod

Street – 4-story, 7-unit rental building

18-14/18 Gates Avenue – 4-story, 14-unit rental building

3-31 St. Nicholas Avenue – 5-story, 18-unit rental building 16-

14/16 Madison Street – 7-story, 90-unit rental building

803-805 Wyckoff Avenue – 5-story 54-unit rental building 1732

Hancock Street – 5-story, 11-unit mixed-use building 976 Cypress

Avenue – 108,000 sf storage facility

16-61/71 Summerfield Street – 5-story, 56-unit building 1519

Decatur Street – 68,000 sf commercial conversion

1127 W i l lo u g h b y A v en u e

8 0 3 - 8 0 5 W y c k o f f A v en u e

4 5 5 O n d e rd o n k A v en u e

16 Char les P la c e

176 W o o d w a r d A v en u e

1728 H im ro d Street

16-61/71 Summerf ie ld Street

1519 Decatur Street

3-31 St. Nicholas A v en u e

4 7 5 W o o d w a r dA v en u e

18-14/18 GatesA v en u e

9 7 6 C yp res s A v en u e

1732 H a n co ckStreet16-14/16 Madison Street

S U B J E C TP R O P E R T Y

L M

M

L

L

LL

M

M

M

J

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R I D G E W O O D / B U S H W I C K D E V E L O P M E N T A C T I V I T Y


Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358


I N T E R I O R S

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358


E X T E R I O R S

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

T h e B u s h w i c k C o l l e c t i v e

M a r i a H e r n a n d e z P a r k


B U S H W I C K P H O T O S

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

R o b e r t a ’ s P i z z a

T h e N a r r o w s B a r

M i c r o s c o p e G a l l e r y

S a r d i n e G a l l e r y


B U S H W I C K P H O T O S

Andrew Dansker

Tel: (212) 430-5168

Financing


Tel: (718) 475-4369

Michael Salvatico

Tel: (718) 475-4358

www.newyorkmultifamily.com 212 430 5114

Andrew DanskerTel: (212) 430-5168

Financing

Inquiries:

Shaun RineyTel: (718) 475-4369

Michael SalvaticoTel: (718) 475-4358

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