Bushwick Apartment Building 787 Hart Street, Brooklyn, NY 11237

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1 Bushwick Apartment Building 787 Hart Street, Brooklyn, NY Asking Price: $1,975,000 For more information please contact Epic Commercial Realty (212)

2 Executive Summary Executive Summary: A 3-story walk-up residential building consisting of 6 apartments. Three of the apartments are box styles and the other three rail road styles. Half of the units are free market and have been gut renovated. Common area and basement was also totally redone. The property is located one block from Maria Hernandez Park. Asking Price: $1,975,000 2

3 Property Description Address 787 Hart Street Brooklyn, NY Lot Dimensions 25 X 100 Lot SF 2,500 SF Built Dimensions 25 X 57 Built SF Zoning 4,275 SF R6 FAR 2.2 Block/Lot 3219/39 Layout 5/4, 1/5 (6 Apartments, 25 Rooms) Assessment $85,694 Taxes (18/19) $10,899 3

4 Financials Overview INCOME Actual Residential Income Act. $131,940 Effective Gross Income $131,940 EXPENSES Property Taxes (18/19) $10,899 Water and Sewer $4,080 Insurance $3,300 Fuel $6,840 Utilities $4,200 Repairs & Maintenance $3,000 Management Fees $5,119 Total Expenses $37,438 Net Operating Income $94,502 Cap Rate 4.8% RENT ROLL Unit Rooms Status Rent/Mo Rent/Yr 1L 4 FM $2,300 $27,600 1R 4 FM $2,350 $28,200 2L 4 RS $2,325 $27,900 2R 4 RS $613 $7,356 3L 5 FM $2,750 $33,000 3R 4 RS $657 $7,884 Total 25 $10,995 $131,940 4

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6 Neighborhood With Williamsburg becoming one of the most expensive neighborhoods in New York City, Bushwick has undergone a massive investment and development process over the past few years, particularly around the Jefferson and Dekalb [L] train stations. With new retail shops, restaurants and nightlife areas continuously opening up around the neighborhood, Bushwick has become one of the most desirable areas of Brooklyn. 6

7 About the Company EPIC Commercial Realty prides itself on providing quality and excellence to all our clients, specializing in investment sales in the bustling New York metropolitan area. We provide the highest level of professionalism, comprehensive and innovative real estate solutions to investors, property owners, and corporations to ensure optimum, fast, and smooth transactions. Based in Soho, NY our clients include storefront owners, retail chains, institutional landlords and real estate developers. EPIC is dedicated to continuously developing dynamic relationships resulting in increased capital beyond the expectation of our clients. Through such principles as integrity and hard work, we strive to develop into an esteemed commercial investment resource for property owners, investors, and corporations worldwide. The measure of our successes is determined by the quality of business relationships we forge. A multi-tier approach allows every aspect of our service to manage transactions for each client with specialized attention to maintaining our focus on timing and the market place. Collectively, EPIC professionals bring nearly 70 years of commercial real estate experience to your portfolio. Not surprisingly, such teamwork produces results beyond expectations as we consistently deliver full consultation services based on detailed research and evaluation. Our talented and accomplished professionals perform well beyond the industry standard for commercial real estate firms, producing with distinction and providing expert brokerage services. EPIC continues to expand and share it s expertise of commercial real estate investments with valued customers throughout the Greater New York Metropolitan Area. 7

8 Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY Tel: (212)