FOR SALE EXCLUSIVE LISTING EMH Commercial Realty

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1 FOR SALE EXCLUSIVE LISTING EMH Commercial Realty 2993 Fulton St, Brooklyn, NY Exclusive Agent: Baruch Edelkopf 1

2 Description: EMH Commercial Realty has been retained on an exclusive bases to arrange the sale of 2993 Fulton St. The subject property is a mixed-use building located in the Cypress Hills section of Brooklyn. The building recently underwent major capital improvements and currently consists of two commercial units and five residential units. Out of a total of five residential units there is one vacancy. There are strong retail leases in place bearing 3% escalations Fulton St is located on the busy Fulton St retail corridor and is steps away from the Cleveland St J train and a couple of blocks from the Norwood Av J and Z lines. Investment Highlights Asking Price $1,600,000 Price/Buildable $236 Cap Rate 6.29% Neighborhood Cypress Hills Property Type Mixed-Use Building Commercial Units 2 Residential Units 5 Description Company and Investment Overview Highlights 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 Property Information Address 2993 Fulton St City State Zip Brooklyn, NY Cross Streets Elton St & Linwood St Neighborhood Cypress Hills Block & Lot Lot Dimensions x Lot SF 2,263 Zoning R6A, C2-4, EC-6 F.A.R Building Information Building Class S5 Building Dimensions 25.5 x 63.5 Building SF 4,761 Total Lot FAR 6,789 Unused FAR 2,028 Stories 3 Residential Units 5 Commercial Units 2 Total Units 7 Tax assessor's market value $658, Taxes 2018 $8, Tax Class 2A Property Company Information Overview 3

4 Commercial Rent Roll Unit Escalations LXP Monthly Rent Annual Base Rent Salon 3% 7/30/2022 $1,776 $21,311 Café 3% 5/31/2022 $1,571 $18,851 2 $3,347 $40,163 Unit Bedrooms Rooms Status Residential Rent Roll Rent Type LXP Monthly Rent Annual Rent 1A 1 3 Actual FM MTM $1,070 $12,840 2L 2 4 Projected FM VACANT $1,650 $19,800 2R 2 4 Actual FM 8/31/2018 $1,650 $19,800 3L 2 4 Actual FM MTM $1,650 $19,800 3R 2 4 Actual FM MTM $1,650 $19, $7,670 $92,040 Company Rent Roll Overview 4

5 Investment Analysis Revenue Commercial Monthly Revenue $3,347 Commercial Yearly Base Revenue $40,163 Residential Monthly Revenue $7,670 Residential Yearly Revenue $92,040 Average Monthly Rent per Unit $1,534 Average Monthly Rent per Room $404 Total Gross Monthly Income $11,017 Total Gross Annual Income $132,203 Vacancy Loss ($3,966) Effective Gross Annual Income $128,236 Estimated Operating Expenses Water/Sewer $4,000 Heat $2,619 Utilities $1,190 Insurance $4,500 Real Estate Taxes $8,667 Repairs & Maintenance $2,750 Management $3,847 Total Operating Expenses $27,573 Financial Analysis Net Operating Income: $100,664 Asking Price $1,600,000 Capitalization Rate 6.29% GRM Price per Unit $228,571 Price per Built SF $336 Price per Buildable SF $236 5 Investment Company Analysis Overview

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7 Cypress Hills is the easternmost neighborhood in Brooklyn. Local grassroot organizations are continuously working to improve their neighborhood through such community renewal efforts as community gardens, public murals, and youth outreach. The hills that hugs Highland Park north Jamaica Avenue offers a panoramic view of Brooklyn Queens as distant as far Rockaway. In the last half of the 19th century Cypress Hills grew from a quiet rural community into a thriving suburban development. Neighborhood Company Highlights Overview 7

8 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 8

9 109 South 5 th Street Suite 3100 Brooklyn NY Baruch Edelkopf Desk: (718) baruch@emhcr.com 9Exclusive Agent Contact Company Overview