EMH Commercial Realty Exclusive Listing

Transcription

1 EMH Commercial Realty Exclusive Listing 3324 Tilden Ave, Brooklyn, NY SW Corner of E 34th St & New York Ave Exclusive Agent: Heshie Goldfein & Sadya Liberow 1

2 Investment Highlights: Asking Price: $1,550,000 Neighborhood: East Flatbush Property Type: Mixed-Use Residential Units: 5 Commercial Units: 1 Metrics: Gross Income: $114, Cap Rate: 5.81% Price/Built SF: $517 Property Company Highlights Overview Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 2

3 Description: Fully occupied mixed-use building boasting five free market residential units, one retail unit and a garage. There is an assumable Fannie Mae mortgage of $1,060,000 at 3.87%. ADDRESS: 3324 TILDEN AVE City State Zip Brooklyn, NY Cross Streets E 34th St & New York Ave Neighborhood East Flatbush Block & Lot Lot Dimensions 19.5 ft. x ft. Lot Area SF 1,869 Building Dimensions 19 ft. x 52 ft. Building SF 3,000 Residential Units 5 Commercial Units 1 Total Units 6 Zoning R4 F.A.R Total Buildable SF 3,000 Tax assessor's market value $55,213 Taxes 2018 $7,022 Tax Class 2A Building Class S5 Property Company Description Overview 3

4 Revenue Investment Analysis Gross Monthly Income $9, Gross Annual Income $114, Average Rent per Unit $1, Average Rent per Room $ Estimated Operating Expenses Real Estate Taxes $7, Insurance $3, Water/Sewer $5, Management $3, Utilities * Tenants pay for heat $ Repairs & Maintenance $3, Total Operating Expenses $24, Financial Analysis Net Operating Income: $90, Asking Price $1,550, Capitalization Rate 5.81% Price per Unit $221,429 Price per Built SF $517 Investment Analysis 4

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6 East Flatbush is a series of neighborhoods located in Central Brooklyn. Although most can agree there is no "typical" outer-borough neighborhood, the diverse mix of housing options in this section of Brooklyn makes for an interesting blend of New York's low-rise architecture. East Flatbush apartments can be found in a swath of sizes and buildings, from multi-family units to single-family homes. The most common NY apartment styles in this region are the rowhouse and the duplex. Life around this part of Brooklyn involves the little shops, restaurants, and bakeries that make it unique. Several cafes have a strong Caribbean flavor, while other food stops have a distinctly local atmosphere. 6 Neighborhood Company Highlights Overview

7 EMH Commercial Realty was formed with the sole focus of closing commercial transactions in the smoothest and most efficient way possible. The primary focus of our team will be on the Brooklyn NY markets - a marketplace that our brokers have had much historical success. We utilize the latest in cutting edge technology and foster an open team environment to bring much needed market insight that is critical to each deal that comes across our desks. Our experienced team of motivated brokers work diligently with our base of sellers and investors to enhance and facilitate each transaction. That said, EMH is uniquely poised to be your subject matter expert for all your commercial real estate needs. Company Overview Overview 7

8 109 South 5 th Street Suite 109 Brooklyn NY Heshie Goldfein Cell: (212) Desk: (718) heshie@emhcr.com Sadya Liberow Cell: (347) Desk: (718) sadya@emhcr.com 8Exclusive Agent Contact Company Overview