737 EAST 219 TH STREET

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1 TEM SHPIRO 737 EST 29 TH STREET 3 STORY, UNIT PRTMENT BUILDING

2 737 EST 29 TH STREET - PROPERTY OVERVIEW TX MP RETIL MP East 220nd Street White Plains Road Barnes venue 2 East 29th Street HIGHLIGHTS Three stories plus basement, units 2 pproximately,90 Gross Square Feet Many recent building improvements Same block as the 29th Street PROPERTY DESCRIPTION 2 subway station 737 East 29th Street is a three story, unit rent stabilized apartment building located between Barnes venue and White Plains Road in the Wakefield section of the Bronx. ll apartments enjoy lot lying windows in addition to windows in the front and back of the building. Tenants benefit from the property s close proximity to the main retail corridor of White Plains Road which include national retail tenants such as Rite id, Domino s Pizza, Foot Locker, Subway, and Chase Bank. Transportation is readily available less than a block away via the 29th Street 2 Subway station. 737 EST 29 TH STREET EST 29 TH STREET // 2

3 737 EST 29 TH STREET - PROPERTY FETURES PROPERTY FETURES: FINNCIL SUMMRY: Location: Located on the north side of E 29 th Street between Barnes ve & White Plains Road SKING PRICE: $,20,000 Block - Lot: 7-3 GROSS NNUL REVENUE: $9,0 Lot Dimensions: Lot Square Footage: 0' x.2',73 sq ft (approx.) VCNCY LOSS & EXPENSES: ($39,) NET OPERTING INCOME: $,89 Building Dimensions: 33' x 0' Stories: 3 Residential Units: PRICE PER SQURE FOOT: $22 PRICE PER UNIT: $208,333 CPITLIZTION RTE:.3% Gross Square Footage: Net Square Footage: vg. Net Unit Size: Zoning:,90 sq ft (approx.),208 sq ft (approx.) less % loss factor 70 sq ft (approx.) R GROSS RENT MULTIPLE: 2.2x Residential FR:.2 Total Buildable Sq. Ft.: Minus Existing Structure: vailable ir Rights: 7, sq ft (approx.),90 sq ft (approx.) 2,9 sq ft (approx.) ssessment (/7): $90,8 Taxes (/7): $, EST 29 TH STREET // 3

4 737 EST 29 TH STREET - REVENUE, EXPENSES & INVESTMENT VLUE UNIT MONTHLY RENT PROJECTED REVENUE NNUL RENT pt $,08 pt 2 $,38 pt 3 $,8 pt $,22 pt $,00 pt $,0 Gross Monthly Residential Rent: $8,2 Gross nnual Residential Rent: $99,08 verage Rent Per Unit: $2,382 Residential Rent Per Net SF: $23. Gross nnual Residential Revenue $99,08 Vacancy % of Gross nnual Revenue ($,93) Effective Gross nnual Revenue $9,0 EXPENSES (ESTIMTED) djusted Taxes (7/8) ctual $,72 Water/Sewer (MCP) ctual $,08 $00 / Unit $2,00 23 ST man St YON K 0 St St Spuyten Duyvil 7 St SHINGTON HEIGHTS TRNSPORTTION MP INDEPENDENCE V 9 St THE BRO Van Cortlandt Park 29 St 0 22 St VN Woodlawn CORTLNDT min to Penn Station via 2 RIVERDLE PRK Williams Gun Hill Rd Bridge Mosholu Pkwy Norwood 238 St 20 St KINGS D Burke v 2 min to Grand 23 St Central via Bedford Pk Blvd Bedford Pk Blvd Lehman College B D Marble Marble Hill llerton v Hill 2 22 St Botanical Garden Kingsbridge Rd Kingsbridge Rd Pelham Pkwy 2 HENRY HUDSON INWOOD HILL PRK Inwood 207 St FORT WSHINGTON V min Dyckman St southbound only 8 St ST NICHOLS V MSTERDM V HENRY HUDSON PKWY 8 St 2 St 207 St to Grand Central via Metro North IRWIN V HIGH PRK UNIVERSITY HTS BR VN CORTLNDT University Heights HMILTON Morris Heights WSHINGTON 22 ST PRK SO Fordham Rd 83 St Burnside v FORDHM RD Yanke MOSHOLU 7 St 7 St PKWY JEROME V GRND CONCOURSE Mt Eden v rush 70 St hours HIGH- Fordham Rd Fordham FORDHM Sts Tremont v Tremont TREMONT 7 7 Sts 70 St 7 St BIN 80 ST WEBSTER V Wakefield Woodlawn THIRD V Nereid v 233 St 2 22 St West Farms Sq E Tremont v Wakefield 2 St 2 BRONX ZOO TREMONT V 7 St Freeman St MORRISNI Simpson St BYCHESTER V 222 ST WHITE PLINS RD Bronx Park East ress E 80 St ST BURKE V ESPLNDE ELDER V Eastchester Dyre v Baychester v Gun Hill Rd Pelham Pkwy Morris Park WHITE PLINS RD ST LWRENCE V ESTCHESTER LLERTON V Morrison v Soundview Elder v Whitlock v SOUNDVIEW Fuel $.00 / GSF $,0 PRK $0. / GSF $833 Repairs & $0 / Unit $3,300 CO-OP CITY BYCHESTER $00 / Month $,000 THE Key E TREMONT V PRKCHESTER / EGR $3,7 Total Expenses: $39, Middletown Rd Effective Gross nnual Commercial Revenue $9,0 Less Zerega Expenses: v THROGS % ($39,) NECK This map depicts weekday service. Castle Hill v On weekends and late nights, these Net Operating Income: Weekends$,89 St Lawrence v SOUNDVIEW V Pelham Bay Park Parkchester PELHM PKWY Buhre v WESTCHESTER V CROSS BRONX EXPWY WHITE PLINS RD BRONX Westchester Sq East Tremont v ZEREG V CSTLE HILL V MIDDLETOWN RD HUTCHINSON PKWY BRUCKNER EXPWY PELHM BY BRONX-WHITESTONE W PRS ORCHRD BECH CITY ISLND New York City with bus and railroad connec The subway operates 2 hours a day, but not all lines operate at all times. Call our Travel Information Center at for more information in English or Spanish (2 hours) or ask an agent for help in all other languages (M to 0PM). visit To show service more clearly, geography on this map has been modified. No serviceuse C D Q Delancey St/ Essex St Metropolitan v Late nights (midnight to am, daily) Bus or IRTRIN to airpor Police Full time servic Part time service 737 EST 29 TH STREET // uburndale 7 St/7 v Coney Island Rush e ccessible station Dyr Bowlin

5 For more information contact: Jonathan Squires Director (22) jonathan.squires@cushwake.com Michael Fioravanti Senior ssociate (22) 89 9 michael.fioravanti@cushwake.com Robert M. Shapiro Executive Managing Director (22) robert.shapiro@cushwake.com 27 Madison ve, 3rd Fl, New York, NY 00 phone: nyinvestmentsales.com Cushman & Wakefield Copyright 20. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). s applicable, we make no representation as to the condition of the property (or properties) in question.