OFFERING MEMORANDUM Bronx Multifamily Package BRONX, NY OFFERING MEMORANDUM KW COMMERCIAL 1155 Avenue of the Americas New York, NY 10036 PRESENTED BY: TONY MAZZULLI Associate Broker 0 914.438.1476 C 914.438.1476 tony@kwcommercial.com
OFFERING MEMORANDUM Confidentiality & Disclaimer BRONX, NY All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by NYC - Manhattan in compliance with all applicable fair housing and equal opportunity laws. PRESENTED BY: KW COMMERCIAL 1155 Avenue of the Americas New York, NY 10036 TONY MAZZULLI Associate Broker 0 914.438.1476 C 914.438.1476 tony@kwcommercial.com We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. www.kwcommercial.com 2
OFFERING MEMORANDUM BRONX PROPOSAL MULTIFAMILY FOR COMMERCIAL PACKAGESERVICES PROPERTY INFORMATION 1 PROPERTY INFORMATION BRONX MULTIFAMILY PACKAGE PROPERTY INFORMATION 1 EXECUTIVE SUMMARY PROPERTY DETAILS COMPLETE HIGHLIGHTS www.kwcommercial.com 3
BRONX MULTIFAMILY PACKAGE 1 PROPERTY INFORMATION Executive Summary SALE PRICE: $3,995,000 UNITS: 12 PRICE PER UNIT: $332,917 CAP RATE: 6.3% LOT SIZE: 0.07 Acres PROPERTY OVERVIEW KWC is pleased to present a package deal of six (6) two-family homes in the rapidly growing Bronx county. These well-built properties offer an opportunity to increase rent roll. PROPERTY FEATURES 12 units Garage parking 6.3% CAP BUILDING SIZE: 18,630 SF YEAR BUILT: 2006 ZONING: R4 CROSS STREETS: Grace And Arnow Ave www.kwcommercial.com 4
BRONX MULTIFAMILY PACKAGE Property Details 1 PROPERTY INFORMATION PROPERTY NAME: Bronx Multifamily Package STREET ADDRESS: 2865-2891 Grace Ave CITY, STATE, ZIP: Bronx, NY 10469 LOT SIZE: 0.07 AC BUILDING SIZE: 18,630 SF ZONING: R4 PARKING SPACES: One driveway/garage per building YEAR BUILT: 2006 NUMBER OF STORIES: 3 NUMBER OF UNITS: 12 www.kwcommercial.com 5
BRONX MULTIFAMILY PACKAGE Complete Highlights 1 PROPERTY INFORMATION PROPERTY HIGHLIGHTS 12 units Garage parking 6.3% CAP www.kwcommercial.com 6
OFFERING MEMORANDUM BRONX PROPOSAL MULTIFAMILY FOR COMMERCIAL PACKAGESERVICES LOCATION INFORMATION 2 LOCATION INFORMATION BRONX MULTIFAMILY PACKAGE LOCATION INFORMATION 2 REGIONAL MAP LOCATION MAPS AERIAL MAP
BRONX MULTIFAMILY PACKAGE Regional Map 2 LOCATION INFORMATION 2865-2891 Grace Ave www.kwcommercial.com 8
BRONX MULTIFAMILY PACKAGE Location Maps 2 LOCATION INFORMATION www.kwcommercial.com 9
BRONX MULTIFAMILY PACKAGE 2 LOCATION INFORMATION Aerial Map www.kwcommercial.com 10
OFFERING MEMORANDUM BRONX PROPOSAL MULTIFAMILY FOR COMMERCIAL PACKAGESERVICES FINANCIAL ANALYSIS 3 FINANCIAL ANALYSIS BRONX MULTIFAMILY PACKAGE FINANCIAL ANALYSIS 3 FINANCIAL SUMMARY
BRONX MULTIFAMILY PACKAGE 3 FINANCIAL ANALYSIS Financial Summary INVESTMENT OVERVIEW Price $3,995,000 Price per Unit $332,916 CAP Rate 6.3% OPERATING DATA Gross Scheduled Income $288,000 Operating Expenses $36,000 Net Operating Income $252,000 www.kwcommercial.com 12
OFFERING MEMORANDUM BRONX PROPOSAL MULTIFAMILY FOR COMMERCIAL PACKAGESERVICES DEMOGRAPHICS 4 DEMOGRAPHICS BRONX MULTIFAMILY PACKAGE DEMOGRAPHICS 4 DEMOGRAPHICS MAP
BRONX MULTIFAMILY PACKAGE Demographics Map 4 DEMOGRAPHICS POPULATION 0.5 MILES 1 MILE 1.5 MILES TOTAL POPULATION 18,666 78,294 163,368 MEDIAN AGE 41.1 41.2 38.7 MEDIAN AGE (MALE) 39.4 38.7 36.0 MEDIAN AGE (FEMALE) 42.3 43.0 41.0 HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES TOTAL HOUSEHOLDS 6,908 28,920 58,433 # OF PERSONS PER HH 2.7 2.7 2.8 AVERAGE HH INCOME $62,924 $63,326 $60,813 AVERAGE HOUSE VALUE $275,456 $264,907 $283,233 RACE 0.5 MILES 1 MILE 1.5 MILES % WHITE 21.6% 22.8% 22.5% % BLACK 59.7% 57.4% 55.1% % ASIAN 2.7% 3.6% 3.9% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 0.3% 0.5% 0.5% % OTHER 12.0% 12.4% 14.7% ETHNICITY 0.5 MILES 1 MILE 1.5 MILES % HISPANIC 24.6% 23.8% 25.9% * Demographic data derived from 2010 US Census www.kwcommercial.com 14