Gravesend Vacant Multifamily Property For Sale McDonald Avenue, Brooklyn, NY 11223

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1 Gravesend Vacant Multifamily Property For Sale McDonald Avenue, Brooklyn, NY Prepared by: Richard DiPietro Licensed R.E. Salesperson Office: Mobile: Anthony Bellantuono Licensed R.E. Salesperson Office: x275 Mobile: Phone: (718) Web: Fifth Avenue, Brooklyn, NY Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Commercial Affiliates. Each Office is Independently Owned and Operated.

2 Table of Contents Executive Summary 3 Property Details 4 Financials 5 Maps & Aerials 6 Traffic Count Report 7 Demographic Market Comparison Report 8 9 Demographic Summary Report 10 Daytime Employment Report 11 Consumer Spending Report Contact Information 14 Confidentiality Statement 15

3 Executive Summary The Offering: Coldwell Banker Reliable Commercial Division is pleased to offer McDonald Avenue for sale. A 4 unit multifamily property located in the Gravesend neighborhood of Brooklyn, NY. Investment Highlights: Projections: $103,500 Gross Income / $84,057 Net Income / 4.5% Cap Rate 2 buildings totaling 4,140 SF on a 3,375 SF Lot Building 1: 2,760 SF / 3 stories / 3 units / 3 bedrooms per unit Building 2: 1,380 SF / 1 story duplex including fully finished lower level / 1 unit / 4 bedrooms Potential to convert 1st floor unit into commercial use New plumbing, electric & boiler Property delivered fully vacant Location Highlights: The Property McDonald Avenue, Brooklyn, NY Property Specifications Property Type: Multifamily Class: Four Families (C3) Building Size: 4,140 SF / 35ft x 46ft Short walk to Avenue U, a major retail corridor. Close proximity to public transportation. Nearby N, F & W trains and the B3 Bus. Nearby main streets include Ocean Parkway, Kings Highway & 65th Street. Average residential rents approximately $25 Per SF Per Year (source: CoStar). Lot Size: 3,375 SF / 45ft x 75ft Year Built : 1920 Stories: Zoning: R4A, M1-1 Residential Units 4 For Sale Price Sale Price: $1,850,000 Per SF Price: $447

4 Property Overview Property Address Property Details The Offering: Coldwell Banker Reliable Commercial Division is pleased to offer McDonald Avenue for sale. A 4 unit multifamily property located in the Gravesend neighborhood of Brooklyn, NY McDonald Avenue, Brooklyn, NY Investment Highlights: Projections: $103,500 Gross Income / $84,057 Net Income / 4.5% Cap Rate 2 buildings totaling 4,140 SF on a 3,375 SF Lot Building 1: 2,760 SF / 3 stories / 3 units / 3 bedrooms per unit Building 2: 1,380 SF / 1 story duplex including fully finished lower level / 1 unit / 4 bedrooms Potential to convert 1st floor unit into commercial use New plumbing, electric & boiler Property delivered fully vacant Location Highlights: Short walk to Avenue U, a major retail corridor. Close proximity to public transportation. Nearby N, F & W trains and the B3 Bus. Nearby main streets include Ocean Parkway, Kings Highway & 65th Street. Average residential rents approximately $25 Per SF Per Year (source: CoStar). For Sale Price $1,850,000 / $447PSF Property Specifications Property Type: Multifamily Building Class: Four Family (C3) Building Size: 4,140 Stories 3 +1 Zoning R4A, M-1 Units 4 Location Information Cross Street: Avenue U and Avenue T Metro Market: Brooklyn Submarket: Gravesend County: Kings

5 Financials McDonald Ave, Brooklyn, NY Projected Revenues and Expenses For the 10 Years Ending 2027 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Projected Income: Gross Revenue $103,500 $106,605 $109,803 $113,097 $116,490 $119,985 $123,584 $127,292 $131,111 $135,044 Projected Expenses: Building Insurance 3,105 3,167 3,230 3,295 3,361 3,428 3,497 3,567 3,638 3,711 Real estate taxes 9,611 9,803 9,999 10,199 10,403 10,611 10,824 11,040 11,261 11,486 Water / Sewer 2,846 2,903 2,961 3,020 3,081 3,142 3,205 3,269 3,335 3,402 Heating 3,881 3,959 4,038 4,119 4,201 4,285 4,371 4,458 4,548 4,638 Total expense 19,444 19,832 20,229 20,634 21,046 21,467 21,897 22,334 22,781 23,237 Projected Net Income $84,057 $86,773 $89,574 $92,464 $95,444 $98,518 $101,688 $104,957 $108,330 $111,807 Investment Overview Asking Price $1,850,000 Year 1 Capitalization Rate 4.5% Price Per SF $447 Net Income Multiple 22 Projected Rents Residential (4 Units / $25 Per SF Per Year) Building SF Assumptions to Financial Pro Forma The Financial Pro Forma depicts a ten (10) year cash flow projection. The projection is based upon market rental rates with assumptions regarding the future occupancy of the building as well as current and future market conditions. The following assumptions were used in developing the Financial Pro Forma for the Property: 2% annual expense increases 3% annual expense increases $103,500 4,140

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14 Contact Information Contact Info For more information, please contact: Richard DiPietro, Licensed R.E. Salesperson th Ave. Brooklyn, NY, Phone: Fax: Mobile: Anthony Bellantuono, Licensed R.E. Salesperson th Ave. Brooklyn, NY, Phone: x275 Fax: Mobile: Coldwell Banker Reliable Commercial Division th Ave Brooklyn, NY, Phone: Fax: Website: cbrcd.com

15 Confidentiality Statement Confidentiality Statement This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an indepth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller. The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections. This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent. Interested buyers should be aware that the Seller is selling the Property AS IS CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer s choosing. The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties. Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.