BUSHWICK TOWNHOUSE LIVING 7 Gut Renovated Townhouses 50 Bedrooms For Sale

Transcription

1 BUSHWICK TOWNHOUSE LIVING 7 Gut Renovated Townhouses 50 Bedrooms For Sale Investment highlights Verus Real Estate presents a unique opportunity to own seven (7) two- and three-family townhouses in prime locations of the trendy Bushwick in Northern Brooklyn. These properties are fully tenanted with long-term leases and carefully managed by a professional service provider. All are located in close proximity to the subway, providing an easy connection to Manhattan. Such income-producing investment portfolio presents an upside potential in a dynamically expanding neighborhood. Each building boasts an opportunity to expand (Max FAR=2.43). The L train closure is not expected to have a large impact on these geographic locations (J, M, Z trains in relatively close proximity to most of the townhouses). 79A Cooper 1239 Putnam 1310 Putnam 1111 Jefferson 752 Bushwick 106 Harman 132 Cornelia Block/Lot 03433/ / / / / / /0018 Class Two-family Two-family Two-family Two-family Two-family Two-family Three-family Bedrooms # Size (sq. ft.) 2,160 2,364 2,700 2,700 2,508 2,880 2,565 Footprint 16x x45 20x45 20x45 20x36 20x48 19x45 Lot size 16x100 20x100 20x100 20x100 20x74 20x100 19x100 Current FAR Add l Resi. FAR Asking Price $1,400,000 $1,400,000 $1,650,000 $1,599,000 $1,699,000 $1,699,000 $1,750,000 79A Total Cooper Putnam Putnam Jefferson Bushwick Harman Cornelia Portfolio Gross Income $88,800 $82,200 $110,400 $102,000 $115,200 $104,400 $102,000 $705,000 Real Estate Taxes $3,908 $2,062 $3,730 $2,659 $4,091 $2,209 $3,104 $21,763 Insurance $2,593 $2,115 $2,460 $2,920 $2,593 $2,257 $2,539 $17,477 Total Current Expenses* $31,411 $25,418 $32,955 $31,089 $35,770 $32,346 $26,740 $221,043 Net Operating Income $57,389 $56,782 $77,445 $70,911 $79,430 $72,054 $75,260 $483,957 * Most management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

2 1310 Putnam Ave This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,700 sq. ft. property consists of two units: a 5-bedroom / 3-bathrooms duplex, a 2-bedroom floorthrough apartment and a finished basement. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, central a/c, a deck, a backyard, as well as a washer/dryer in each unit. The rooms have high ceilings and large windows Putnam Block/Lot 03376/0032 Class Two-family Bedrooms # 7 Size (sq. ft.) 2,700 Footprint 20x45 Lot size 20x100 Current FAR 1.35 Add l Resi. FAR 1.08 Asking Price $1,650,000 Leases per month and expiration: First floor - $3,100 (07/31/2019); Top duplex - $6,100 (12/31/2018) 1310 Putnam Gross Income $110,400 Real Estate Taxes $3,730 Insurance $2,460 Total Current Expenses* $32,955 Net Operating Income $77,445 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

3 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

4 1239 Putnam St This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,364 sq. ft. property consists of two units: a 3-bedroom / 3-bathrooms duplex and a 2-bedroom floor-through apartment. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, central a/c, a deck, a large backyard, as well as a washer/dryer in each unit. The rooms have high ceilings and large windows Putnam Block/Lot Class Bedrooms # Size (sq. ft.) Footprint Lot size Current FAR Add l Resi. FAR Asking Price 03368/0047 Two-family 5 2, x45 20x $1,400,000 Leases per month and expiration: First floor - $2,500 (11/30/2018); Top duplex - $4,350 (11/30/2018) Gross Income Real Estate Taxes Insurance Total Current Expenses* Net Operating Income 1239 Putnam $82,200 $2,062 $2,115 $25,418 $56,782 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

5 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

6 106 Harman St This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,880 sq. ft. property consists of two units: a 5-bedroom / 3-bathrooms duplex and a 2-bedroom floor-through apartment. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, central a/c, a deck, a large backyard, as well as a washer/dryer in each unit. The rooms have high ceilings and large windows. 106 Harman Block/Lot 03285/0041 Class Two-family Bedrooms # 7 Size (sq. ft.) 2,880 Footprint 20x48 Lot size 20x100 Current FAR 1.44 Add l Resi. FAR 0.99 Asking Price $1,699,000 Leases per month and expiration: First floor - $2,700 (12/31/2018+want to extend); Top duplex - $6,000 (12/31/2018) 106 Harman Gross Income $104,400 Real Estate Taxes $2,209 Insurance $2,257 Total Current Expenses* $32,346 Net Operating Income $72,054 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

7 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

8 1111 Jefferson Ave This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,700 sq. ft. property boasts 7 bedrooms and 3 bathrooms, full ceiling height cellar, a terrace and garden. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, a large backyard, as well as a washer/dryer. The rooms have high ceilings and large windows Jefferson Block/Lot 03381/0056 Class Two-family Bedrooms # 7 Size (sq. ft.) 2,700 Footprint 20x45 Lot size 20x100 Current FAR 1.35 Add l Resi. FAR 1.08 Asking Price $1,599,000 Leases per month and expiration: 1 st floor - $2,800 (10/31/2019); 2 nd - $2,700 (11/15/2018); 3 rd - $3,000 (02/28/2019) 1111 Jefferson Gross Income $102,000 Real Estate Taxes $2,659 Insurance $2,920 Total Current Expenses* $31,089 Net Operating Income $70,911 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

9 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

10 752 Bushwick Ave This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,501 sq. ft. property consists of two units: a 6-bedroom / 4-bathrooms duplex and a 2-bedroom / 2bathrooms floor-through apartment with a finished basement. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, a large backyard, as well as a washer/dryer. The rooms have high ceilings and large windows. 752 Bushwick Block/Lot Class Bedrooms # Size (sq. ft.) Footprint Lot size Current FAR Add l Resi. FAR Asking Price 03229/0022 Two-family 8 2,508 20x36 20x $1,699,000 Leases per month and expiration: First floor - $2,800 (07/31/2019); Top duplex - $6,800 (12/31/2018) Gross Income Real Estate Taxes Insurance Total Current Expenses* Net Operating Income 752 Bushwick $115,200 $4,091 $2,593 $35,770 $79,430 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

11 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

12 79A Cooper St This fully renovated two-family townhouse comes fully equipped with brand new plumbing, electrical, and luxury finishes. The 2,160 sq. ft. property consists of two units: a 4-bedroom / 2-bathrooms duplex, a 2-bedroom floorthrough apartment and a finished basement. Tenants will enjoy all the comforts of home, including hard wood floors, a brand new open kitchen, modern bathrooms, central a/c, a deck, a backyard, as well as a washer/dryer in each unit. The rooms have high ceilings and large windows. 79A Cooper Block/Lot Class Bedrooms # Size (sq. ft.) Footprint Lot size Current FAR Add l Resi. FAR Asking Price 03433/0053 Two-family 6 2,160 16x45 16x $1,400,000 Leases per month and expiration: First floor - $2,800 (11/15/2018, want to extend); Top duplex - $4,600 (02/28/2019) Gross Income Real Estate Taxes Insurance Total Current Expenses* Net Operating Income 79A Cooper $88,800 $3,908 $2,593 $31,411 $57,389 * Management, maintenance, water, electric and gas fees currently paid by the owner to secure high all-inclusive rent Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

13 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)

14 132 Cornelia St This three-family 2,565 sq. ft. property consists of three 3-bedroom / 1-bathroom units and a renovated basement with washer/dryer. Tenants will enjoy all the comforts of home, including hard wood floors, open kitchen, and a large backyard. 132 Cornelia Block/Lot Class Bedrooms # Size (sq. ft.) Footprint Lot size Current FAR Add l Resi. FAR Asking Price 03382/0018 Three-family 10 2,565 19x45 19x $1,750,000 st nd rd Leases per month and expiration: 1 floor - $3,000 (09/30/2019); 2 - $2,650 (12/31/2018); 3 - $2,850 (07/31/2019) Gross Income Real Estate Taxes Insurance Total Current Expenses* Net Operating Income 132 Cornelia $102,000 $3,104 $2,539 $26,740 $75,260 * Management, maintenance, water and gas fees currently paid by the owner to secure high all-inclusive rent, electric is covered 25% by owner Anya Levitov Licensed Real Estate Broker (646) anya@ Vicky Bokk Licensed Real Estate Salesperson (917) vicky@

15 Anya Levitov Licensed Real Estate Broker (646) Vicky Bokk Licensed Real Estate Salesperson (917)