3-STORY MIXED-USE BUILDING part of 28 West Park Place The Century Portfolio Morristown, NJ 0 7 9 6 0 On the south side of Washington Street between Bank Street and Market Street, directly adjacent to the Morristown Green Park 3 23.72 x 95.18 (Approx.) (Irr.) 2,258 SF (Approx.) Location: Stories: Lot Dimensions: Lot area: BUILDING DIMENSIONS: gross sf 23.72' x 95.18' (Irr.) 23.72' x 80.18' 23.72' x 40.0' ground floor SF: second floor sf: third floor SF: total gross sf: taxes (11/12): 2 $13,176 ASKING PRICE : $1,200,000 commercial units: 2,127 1,902 949 4,978 All square foot calculations must be independently verified. Property Description: The subject property is a 3-story, approximately 4,978 square foot mixed-use building located in the center of the retail corridor and financial district of Morristown, New Jersey. The building is currently configured as commercial space on the ground floor with office space above. The ground floor is approximately 2,127 square feet and was recently leased to a restaurant. The tenant just finished gut renovating the space and is currently paying $5,500 per month. The upper floors are currently vacant and in move in condition for an office tenant. Each floor is separately metered for gas and electric. The property benefits from a high volume of pedestrian and street traffic as it is located less than a mile from the Morristown NJ Transit train station as well as the local hospital, municipality buildings and hotels such as the Hyatt. F o r f u rt h e r i n f o r m at i o n o r i n s pe c t i o n, p l e a s e c o n tac t E xc lu s i v e Ag e n t s : ANDREW HEL F S T Ro b e rt K n a k a l KOBI LEI F ER J o n at h a n H ag e m a n E ly s a B e r l i n Chairman Director of Sales Sales Team Manager Director of Sales Associate rknakal@masseyknakal.com kleifer@masseyknakal.com jhageman@masseyknakal.com eberlin@masseyknakal.com ahelfst@masseyknakal.com 212.696.2500 x7777 201.426.2202 212.696.2500 x7773 212.696.2500 x7764 201.426.2220 All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel 275 Madison Avenue Third Floor 212.696.2500 Fax 212.696.0333 w w w. m a s s e y k n a k a l. c o m THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Property Overview Realty Services Location: Legal Address: Block & Lot: 246 / 25 Zoning: Lot Size: 22 x 75 Lot Area: Gross SF: 5,482 # of Residential Units: 9 # of Commercial Units: 1 Asking Price: $2,850,000 1100 Washington Street, Hoboken, NJ 07030 Page 4 On the northwest corner of Washington Street and Eleventh Street 1100 Washington Street R-1 H (Residential Conservation CBD Overlay/Sub-District) 1,650 SF (Approx) Total Assessment: $438,100 (2011) R.E Taxes: $20,787 (2011) The subject property is located on the corner of Washington and Eleventh Street in Hoboken, NJ. The ground floor retail space is currently occupied by a wine store that has been in business since 1993. The wine store also uses the entire basement for storage. In addition to the wine store, there is a studio apartment on the ground floor with a private entrance on Eleventh Street, which can be converted to retail use, as of right. The second, third and fourth floors each contain 2 one-bedroom apartment units. The property is standing where first base stood on the historic Elysian Fields which is believed to be the site of the first organized baseball game, giving Hoboken a strong claim to be the birthplace of baseball. The property is just a block from Elysian Park and the waterfront, and only a fifteen minute commute to Manhattan via bus on the 126 line. This property is in an excellent location in prime Hoboken, and a tremendous investment opportunity for an investor or an owner/user as the commercial unit can be delivered vacant, at an extra cost.
19,400 SF Block-Front Commercial Building AVAILABLE FOR SALE 870 Cypress Avenue, Ridgewood, NY 11385 PROPERTY INDICATORS Block: 3548 Lot: 60 Lot Dimensions: 200 x 100 (approx.) Lot Sq Ft: 20,000 SF (approx.) Building Dimensions: 200 x 100 (approx.) Building Sq. Ft.: 19,400 SF (approx.) Building Class: K9 (Store Building - Misc.) Zoning: C4-3A F.A.R. 3.0 Available Air Rights: 40,600 SF (approx.) Year Built: 1958 Assessment ( 11/ 12): $665,460 Taxes ( 11/ 12): $68,622 (approx.) PROPERTY HIGHLIGHTS Entire block-front with approx. 200 of frontage on Cypress Avenue Close proximity to the Myrtle-Wyckoff Avenue M & L subway stations Commercial & residential development potential As of right development potential of approx. 60,000 SF Approx. 40,600 SF of available air rights Fully operational catering hall facility Seller financing may be available PROPERTY DESCRIPTION A 200 wide, single-story, 19,400 SF (approx.) commercial building encompassing the entire block front of the south side of Cypress Avenue between Hancock Street and Jefferson Avenue in Ridgewood, NY. The property is situated in a C4-3A zoning district, allowing for an as of right commercial and residential development potential of approx. 60,000 SF. The entire property will be delivered vacant upon closing, offering an ideal opportunity for a user, investor or developer. Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091 Tommy Lin Director of Sales tlin@masseyknakal.com 718-512-2609 275 Madison Avenue, 3rd Floor T: 212-696-2500 / F: 212-696-0333 A S K I N G P R I C E : $ 3, 6 5 0, 0 0 0 For further information or inspection, please contact Exclusive Agents: Thomas A. Donovan Managing Director, Partner tdonovan@masseyknakal.com 718-512-2626 118-35 Queens Boulevard, 14 th Floor T: 718-275-3400 / F: 718-275-5478 Eugene Kim Director of Sales ekim@masseyknakal.com 718-512-2618 118-35 Queens Blvd. 14 th Floor 718.275.3400 Fax 718.275.5478 THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
CORNER PROPERTY FOR SALE Service Station / Development Site 73 Cedar Swamp Road, Glen Cove, NY 11542 Section Block & Lots: Zoning: Combined Lot Size: Combined Lot Foot Print: R.E Taxes Combined: Building S.F.: 22 / 20 / 6 & 7 Commercial 118 x 130 15,265 S.F. $25,000 (Approx.) 3,000 S.F. The subject property is a corner lot measuring 118 x 130 for a total of 15,265 SF directly in front of a stop light. It consists of a 3,000 SF cement block truck service station with 20 ceilings along with parking lots in the front and rear of the property. Ideally located on the corner of Cedar Swamp Road and Frost Pond Road (Fourth Street) at the main entry into the Gold Coast City of Glen Cove where Glen Cove Road splits. Directly across from the Land Rover dealership next to the Volvo dealership with surrounding tenancy including CVS, 7-Eleven, Astoria Bank, Bank of America, Dunkin Donuts, Wendy s, Radio Shack, McDonalds, Burger King and many other nationals. This is an excellent opportunity for a user as current ownership will be leaving the site, or a developer / investor with a prime corner site which can be used as a retail redevelopment ideal for a bank, fast food or similar tenant. Survey is available upon request. Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091 NEW Asking Price: $725,000 275 Madison Avenue, 3rd Floor T: 212-696-2500 / F: 212-696-0333 118-35 Queens Boulevard, 14 th Floor T: 718-275-3400 / F: 718-275-5478 For further information or inspection, contact Exclusive Agents: Lev Kimyagarov lev@masseyknakal.com (212) 660-7729 Stephen R. Preuss spreuss@masseyknakal.com (718) 512-2118 275 Madison Avenue 3 rd Floor 212.696.2500 Fax 212.696.0333 THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Gas Station / Development Site For Sale 105-02 Rockaway Boulevard Ozone Park, NY 11417 Location: Southeast corner of Rockaway Boulevard and Centreville Street Block: 11480 11480 Lot: 51 57 Lot Dimensions (Approx.): 149' x 99' Irr. 61' x 98' Irr. Lot Sq. Ft. (Approx.): 14,831 6,137 Total Lot Sq. Ft. (Approx.): 20,968 Building Dimensions (Approx.): 62' x 28' Irr. N/A Stories: 1 N/A Building Sq. Ft. (Approx.): 1,736 N/A Building Class: G3 G7 Zoning: R4 / C1-2 R4 / C1-2 Residential F.A.R.: 0.9 0.9 Commercial F.A.R.: 1.0 1.0 Year Built: 1971 N/A Assessment (11/12)(Approx.): $232,653 $82,350 Taxes (11/12)(Approx.): $23,619 $8,360 Description: The subject property is a full service gas station with convenience store and repair shop located on the southeast corner of Rockaway Boulevard and Centreville Street in Ozone Park, Queens. The property will be delivered vacant and also has strong development potential. Located on heavily trafficked Rockaway Boulevard and easily accessible from the A, J & Z subway lines, the Jackie Robinson and Belt Parkways and the Van Wyck Expressway, the site is ideal for an investor, owner/user or developer. The neighborhood has tremendous upside, primarily due to the newly constructed Resorts World Casino which is already attracting huge crowds of visitors since opening its doors at the end of October 2011. The Casino's entrance is just three blocks from the property. Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091 Development Breakdown Total Lot Sq. Ft. Zoning F.A.R. Buildable Sq. Ft. Residential 20,968 R4 0.9 18,871 Commercial 275 Madison Avenue, 3rd 20,968 Floor C1-2 118-35 Queens 1.0 Boulevard, 20,968 14 th Floor T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / F: 718-275-5478 Asking Price: $2,850,000 For further information or inspection, please contact Exclusive Agent: Brian J. Sarath Director of Sales / Licensed Salesperson bsarath@masseyknakal.com (718) 275-3400 x 2616 118-35 Queens Blvd. 14 th Floor 718.275.3400 Fax 718.275.5478 THE BRONX BROOKLYN MANHATTAN NASSAU QUEENS STATEN ISLAND WESTCHESTER
Fully Leased Mixed-Use Building For Sale 55-45 Myrtle Avenue, Ridgewood, NY 11385 ASKING PRICE: $1,100,000 For further information or inspection, please contact Exclusive Agents: Brooklyn, Thomas NY 11201 A. Donovan T: 718-238-8999 Managing / F: 718-238-6091 Director, Partner tdonovan@masseyknakal.com 718-275-3400 x2626 Stephen Preuss Director Of Sales spreuss@masseyknakal.com 718-275-3400 x2118 PROPERTY INDICATORS Alternate Address: Block / Lot: Lot Size: Lot SF: Building Size: Stories: Building SF: Zoning: Assessment (12/13): R.E. Taxes (12/13): 1689 Putnam Avenue 3451 / 26 20 x 100.34 (Approx) 2,007 SF (Approx) 20 x 60 (Approx) 3 4,400 SF (Approx) C4-3A $130,950 (Approx) $13,294 (Approx) PROPERTY DESCRIPTION The subject property is a three story, all brick, approximately 4,400 Sq. Ft. mixed-use building, located on the west side of Putnam Avenue between Cypress and Myrtle Avenues in Ridgewood, Queens. The ground floor is currently leased to a beauty supply store with 6 years remaining on the lease, and there are two 3-bedroom apartments above on one year leases. Located on the main retail corridor in Ridgewood, the property enjoys a tremendous amount of foot traffic. This is a great opportunity for an investor with a 1031 tax exchange. REVENUE (As of 8/6/2012) Unit Type LXP S.F. P.P.S.F. Monthly Rent Annual Rent Beauty Supply Retail 12/31/18 2,000 $34 $5,625 $67,500 2nd Floor 3-BR 03/31/13 1,200 $10 $1,250 $15,000 3rd Floor 3-BR 02/05/13 1,200 $10 $1,250 $15,000 Totals 4,400 $8,125 $97,500 EXPENSES (As of 8/6/2012) Real Estate Taxes (12/13): $13,294 Insurance: projected @ $1.00 / SF $4,400 Heat: Paid by Tenants 275 Madison Water/Sewer: Avenue, 3rd Floor 118-35 Queens Boulevard, Paid 14 by th Tenants Floor Electric (Common Area): $400 T: 212-696-2500 / F: 212-696-0333 T: 718-275-3400 / F: 718-275-5478 Total Expenses: $18,094 Gross Annual Income: $97,500 Less Expenses: $18,094 Net Operating Income: $79,406 118-35 Queens Blvd. 14 th Floor 718.275.3400 Fax 718.275.5478 THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Newly-Built Community Facility Building 149-34 35 th Avenue Flushing, NY 11354 -Available For Sale or Lease- Block & Lots: Zoning: Lot Size: Lot SF: Building Size: Building SF: Stories: Assessed Value: R.E Taxes: 5007 / 19 R3-2 60 x 100 6,000 44 x 72 9,000 3 $1,011,600 $104,073 ASKING PRICE: $3,500,000 Available For Lease: $29 per SF NNN 275 Madison Avenue, 3rd Floor Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091 T: 212-696-2500 / F: 212-696-0333 Please contact Exclusive Agent: Stephen R. Preuss First Vice President Direct: 718-512-2118 spreuss@masseyknakal.com The subject property is a three-story building, with a finished cellar, previously operated as a preschool and day care center, which had a capacity for approximately 200 children. The property has been extensively developed with the highest quality construction completed in 2009 by an experienced developer. Such improvements include state of the art mechanics, new elevator, and high end finishes. It is currently configured with 12 classrooms, two offices, and a playground 118-35 Queens Boulevard, 14 th Floor T: 718-275-3400 / F: 718-275-5478 located on the roof. A parking area is located in front of the building suitable for several cars. Building is ideal for a school, religious facility, day care, medical building, office building, or any other community facility. Ideally located one block north of Northern Boulevard between 149 th Place and 150th Street in the heart of Flushing, Queens. 118-35 Queens Blvd. 14 th Floor 718.275.3400 Fax 718.275.5478 THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Newly-Built Community Facility Building 149-34 35 th Avenue Flushing, NY 11354 -Available For Sale or Lease- Brooklyn, NY 11201 T: 718-238-8999 / F: 718-238-6091 Asking Price: $3,500,000 Available For Lease: $29 per SF NNN 275 Madison Avenue, 3rd Floor T: Please 212-696-2500 contact / Exclusive F: 212-696-0333 Agent: Stephen R. Preuss First Vice President Direct: 718-512-2118 spreuss@masseyknakal.com 118-35 Queens Boulevard, 14 th Floor T: 718-275-3400 / F: 718-275-5478 118-35 Queens Blvd. 14 th Floor 718.275.3400 Fax 718.275.5478 THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Address: 28 West Park Place Buyer: Abdul Maqsudi Seller: Zuri Sultan Date: 1/11/2013 Price: $1,220,000 Price Per SF: $245.08 Cap Rate: 5.98% GRM: 12.32 Address: 870 Cypress Avenue Ridgewood, NY 11385 Date: 2/01/2013 Price: $4,200,000 Price Per SF: $216.49 Cap Rate: n/a GRM: n/a Address: 84-02 143 rd Street Briarwood, NY 11435 Date: 2/21/2013 Price: $ 2,950,000 Price Per SF: $199.82 Cap Rate: 7.41% (Actual) GRM: 10.82 (Actual) Set-up: n/a Address: 55-45 Myrtle Avenue Ridgewood, NY 11385 Date: 3/7/2013 Price: $ 1,025,000 Price Per SF: $ 232.95 Cap Rate: 7.75% GRM: 10.51 Address: 1100 Washington Street Hoboken, NJ Buyer: Tony LoConte Seller: Lal Akadhavi Inc. Date: 1/17/2013 Price: $2,225,000 Terms: Financing Contingency Price Per SF: $405.87 Cap Rate: 6.15% GRM: 12.38 Address: 73 Cedar Swamp Rd Glen Cove,NY 11542 Date: 2/13/2013 Price: $540,000 Price Per SF: $216 Cap Rate: n/a GRM: n/a Address: 105-02/105-12 Rockaway Blvd Ozone Park, NY 11417 Date: 2/27/2013 Price: $2,600,000 Price Per SF: $124 Cap Rate: n/a GRM: n/a Address: 149-3435 th Avenue Flushing, NY 11354 Date: 3/20/2013 Price: $ 3,100,000 Price Per SF: $ n/a Cap Rate: n/a GRM: n/a
Address: 96-25 Rockaway Blvd Jamaica, NY 11417 Date: 03/21/2013 Price: $ 1,450,000 Price Per SF: n/a Cap Rate: n/a GRM: n/a