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Felix McCormick
5 years ago
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1 TOTAL UNITS TOTAL SQUARE FEET PRICE /SF PROJECTED TAXES Tel: (212) CAP RATE GRM FRONTAGE TOTAL AIR RIGHTS

OFFERING PRICE $9,600,000 100% 18% $3,058 RATIO OF FAIR MARKET UNITS PROPERTY TAXES RATIO $/SF $1,043 INCOME CURRENT PRO FORMA $/UNIT $640,000 Gross Potential Residential Rent $442,200 $477,072 TOTAL

2 OFFERING PRICE $9,600, % 18% $3,058 RATIO OF FAIR MARKET UNITS PROPERTY TAXES RATIO $/SF $1,043 INCOME CURRENT PRO FORMA $/UNIT $640,000 Gross Potential Residential Rent $442,200 $477,072 TOTAL SF 9,200 Gross Potential Commercial Rent $84,000 $84,000 TOTAL UNITS 15 Gross Income $526,200 $561,072 Vacancy/Collection Loss ($8,844) ($9,541) CURRENT METRICS Effective Gross Income $517,356 $551,531 CAP RATE 3.8% Average Residential Rent/Month/Unit $2,835 $3,058 GRM 18.2 PRO FORMA METRICS PRO FORMA CAP RATE 4.2% EXPENSES AVERAGE MONTHLY GRM 17.1 Property Taxes Tax Class: 2 $95,573 $95,573 RENT CASH ON CASH 2.67% Fuel - Gas $10,000 $10,000 Insurance $7,500 $7,500 Water and Sewer $5,000 $5,000 EXPENSE RATIO UPSIDE ANALYSIS Repairs and Maintenance $5,000 $5,000 Common Electric (PPSF) $4,000 $1,600 $1,600 $3,500 Super Salary $7,200 $7,200 $3,000 Management Fee $16,092 $16,546 29% $2,500 $2,000 $1,500 $1,000 $500 $0 1 Bedroom 2 Bedroom Total Expenses $147,965 $148,419 Net Operating Income $369,391 $403,112 Current Avg RS Units Market Rents Current Avg FM Rents LEASE STATUS ANALYSIS UNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENT PROPOSED DEBT Total Units $3,373 Debt Service ($280,438) Total RS Units 0% 0 $0 Debt Coverage Ratio 1.32 Total RC Units 0% 0 $0 Net Debt Cash Flow After Debt Service $122,674 Total FM Units 100% 13 $2,835 Loan Amount $5,000,000 Total Commercial -- 2 $3,500 Interest Rate 3.75% Amortization 30 UNIT TYPE ANALYSIS 9,200 $1,043 GROSS TOTAL SF $/SF TYPE % OF TOTAL TOTAL AVG. RENT Studio 0% 0 $0 1 Bedroom 46% 6 $2,442 2 Bedroom 54% 7 $3,171 Peter Von Der Ahe This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & MillichapReal Estate InvestmentServicesis a servicemark of Marcus & MillichapReal Estate InvestmentServices, Inc Marcus & Millichap

3 445 East 78th Street COMMERCIAL RENT UNIT TENANT NAME NOTES LEASE START SF EXPIRATION ACTUAL PRO FORMA $/PSF Store 1 Mens Barbershop 650 Oct-22 $3,500 $3,500 $65 Store 2 Simba Locksmith 650 Oct-22 $3,500 $3,500 $65 MONTHLY COMMERCIAL REVENUE 1,300 $7,000 $7,000 RESIDENTIAL RENT UNIT# LEASE STATUS NOTES BEDROOMS ROOMS SF EXPIRATION ACTUAL PRO FORMA 1C FM Backyard Access 2 Bedroom 4 Mar-18 $3,500 $3,640 2A FM 1 Bedroom 3 Mar-18 $2,500 $2,600 2B FM Vacating in October Bedroom 3 Mar-18 $1,750 $2,600 2C FM 2 Bedroom 4 Mar-18 $3,100 $3,350 3A FM Potential 2BR Conversion 1 Bedroom 3 Mar-18 $2,600 $2,704 3B FM 1 Bedroom 3 Mar-18 $2,600 $2,704 3C FM 2 Bedroom 4 Mar-18 $3,200 $3,350 4A FM Railroad 2 Bedroom 4 Mar-18 $3,100 $3,350 4B FM 1 Bedroom 3 Mar-18 $2,600 $2,704 4C FM 2 Bedroom 4 Mar-18 $3,100 $3,350 5A FM Railroad 2 Bedroom 4 Mar-18 $3,100 $3,350 5B FM 1 Bedroom 3 Mar-18 $2,600 $2,704 5C FM 2 Bedroom 4 Mar-18 $3,100 $3,350 MONTHLY RESIDENTIAL REVENUE $36,850 $39,756 ANNUAL RESIDENTIAL REVENUE $442,200 $477,072 ANNUAL COMMERCIAL REVENUE $84,000 $84,000 ACTUAL PRO FORMA TOTAL ANNUAL REVENUE $526,200 $561,072 There are currently 0 vacant units in the building. The super lives off site. There are 15 total units. Peter Von Der Ahe This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & MillichapReal Estate InvestmentServicesis a servicemark of Marcus & MillichapReal Estate InvestmentServices, Inc Marcus & Millichap

4 CITY: STATE: BLOCK & LOT: New Yorki NYi 1473 / 20i LOT DIMENSIONS: 25 ft X fti LOT SF: 2,554i BUILDING DIMENSIONS: 25 ft X 75 fti BUILDING SF: 9,200i ZONING: R8Bi MAX FAR: 4.00i AVAILABLE AIR RIGHTS: 1,016i LANDMARK DISTRICT: HISTORIC DISTRICT: ANNUAL TAX BILL: Nonei Nonei $95,573i TAX CLASS: 2i Peter Von Der Ahe

5 Peter Von Der Ahe

8 Peter Von Der Ahe

Tel: (212) Tel: (212) Tel: (212)

Tel: (212) Tel: (212) Tel: (212) pvonderahe@mmreis.com jkoicim@mmreis.com TOTAL UNITS TOTAL SQUARE FEET david.lloyd@mmreis.com daniel.handweiler@mmreis.com PRICE /SF PROJECTED TAXES Tel: (212) 430-5168 adansker@marcusmillichap.com CAP