155 HOPE STREET WILLIAMSBURG, BROOKLYN, NY

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1 155 HOPE STREET WILLIAMSBURG, BROOKLYN, NY

2 155 Hope Street Williamsburg, Brooklyn, NY Delivered Partially Vacant FOR SALE LOFT FOR SALE BUILDING OPPORTUNITY ZONE Property Information Location Block & Lot 2375 / 29 Lot Size 25' x 100' Lot SF 2,500 Building Size 25' x 85' Stories 5 Building SF 10,625 Total Units 10 Zoning MX-8 / R6A / M1-2 FAR 3.00 Buildable SF 7,500 North side of Hope Street between Keap Street and Union Avenue. Assessment ('18/'19) $148,062 Tax Class 2C DAMP Exemption ($10,856) R.E. Taxes ('18/'19) $7,976 Information presented herein is subject to change and should be individually verified All measurements and square footage estimates are approximate G L B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 155 Hope Street in the Williamsburg neighborhood of Brooklyn. The subject property is a 5-story loft building located on the north side of Hope Street between Keap Street and Union Avenue, in Prime Williamsburg. The building is 25 x 85 and comprises of approximately 10,625 Gross SF, including 9 loft units (front and back layouts) and ground floor retail. Property benefits from a DAMP (Division of Alternative Management Program) tax exemption until June 2029, saving over $10,000 annually. The property falls within the Opportunity Zone, presenting an amazing opportunity for investors and business alike, looking to defer capital gains. Multiple transportation options are available with the G L subway located 3 blocks away at the Metropolitan Lorimer station, the J M Z subway located within close proximity at Hewes Street station and NYC Ferry service into Manhattan located along Kent Avenue. The location offers some of the best retail and amenities in Brooklyn, with countless restaurants, food markets, and entertainment options. J M Z Asking Price $5,750,000

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4 155 Hope Street Williamsburg, Brooklyn, NY Projected Revenue Unit Type Net SF $ / SF Rent / Mo. Annual Rent 1F Retail 600 $70 $3,500 $42,000 1R Loft 1,000 $39 $3,250 $39,000 2F Loft 900 $43 $3,250 $39,000 2R Loft 1,000 $39 $3,250 $39,000 3F Loft 900 $43 $3,250 $39,000 3R Loft 1,000 $39 $3,250 $39,000 4F Loft 900 $43 $3,250 $39,000 4R Loft 1,000 $39 $3,250 $39,000 5F Loft 900 $43 $3,250 $39,000 5R Loft 1,000 $39 $3,250 $39,000 TOTAL 9,200 $43 $32,750 $393,000 Potential Uses (Partial List) Residential Conversion Artists Lofts / Offices / Flex Space Corporate Headquarters - Tech / Creative Space Hotel Conversion Nightclub / Restaurant Medical Space Event Space Light Manufacturing / Storage Estimated Expenses B6 Metrics Real Estate Taxes (18/19) DOF Tax Bill $7,976 Insurance $500 / Unit $5,000 Water & Sewer $1.00 / GSF $10,625 Heating Fuel Pass Though -- Electric (Common) $0.15 / GSF $1,594 Repairs & Maintenance 3.0% of EGI $11,436 Superintendent $250 / Month $3,000 Management 4.0% of EGI $15,248 TOTAL Exp. Ratio: 14.40% $54,879 Gross Annual Income $393,000 Vacancy & Credit 3% $11,790 Effective Gross Income $381,210 Less Total Expenses $54,879 Projected Net Operating Income $326,331

5 1040 Avenue of the Americas, 8th Floor, New York, NY 10018