362-364 PARKSIDE AVENUE - Amazon Web Services Park… · Parkside Avenue, a renovated 4-family...
Transcript of 362-364 PARKSIDE AVENUE - Amazon Web Services Park… · Parkside Avenue, a renovated 4-family...
![Page 1: 362-364 PARKSIDE AVENUE - Amazon Web Services Park… · Parkside Avenue, a renovated 4-family apartment building in Prospect – Lefferts Gardens, Brooklyn. Built 20 ft x 50 ft,](https://reader034.fdocuments.us/reader034/viewer/2022042913/5f4c113692bdb949322904cf/html5/thumbnails/1.jpg)
Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com
ADDRESS 362-364 Parkside Avenue
CITY, STATE, ZIP Brooklyn, NY 11226
NEIGHBORHOOD Prospect-Lefferts Gardens
BLOCK/LOT 5055 / 40
LOT SIZE 20 ft x 121.75 ft
LOT SF ±2,435 SF
BUILDING SIZE 20 ft x 50 ft
BUILDING SF ±4,000 SF
STORIES 4
ZONING R6
FAR AS BUILT 1.64
MAX FAR 2.43
RE TAXES $17,629
DESCRIPTIONWestbridge Realty Group is pleased to offer for sale 362-364 Parkside Avenue, a renovated 4-family apartment building in Prospect – Lefferts Gardens, Brooklyn. Built 20 ft x 50 ft, the building spans 4,000 SF and contains four apartment units. All of the units are vacant but newly renovated. The property also has 1,357 SF of unused air-rights. The building is conveniently located within walking distance to a the Winthrop Street subway station which services the 2 and 5 trains.
PROPERTY INFORMATION
ASKING PRICE: $2,500,000CAP: 6.00%GRM: 13.02 x$/UNIT: $500,000$/SF: $625
362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY
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Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com
362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY
![Page 3: 362-364 PARKSIDE AVENUE - Amazon Web Services Park… · Parkside Avenue, a renovated 4-family apartment building in Prospect – Lefferts Gardens, Brooklyn. Built 20 ft x 50 ft,](https://reader034.fdocuments.us/reader034/viewer/2022042913/5f4c113692bdb949322904cf/html5/thumbnails/3.jpg)
Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com
362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY
GROSS INCOMETOTAL ANNUAL PER UNIT
RENTAL INCOME $192,000 $38,400 / Unit
VACANCY & COLLECTION LOSS (4%) -$7,680 -$1,536 / Unit
EFFECTIVE GROSS INCOME $184,320 $36,864 / Unit
GROSS EXPENSESTOTAL ANNUAL PER UNIT
MANAGEMENT FEE (4.0% OF EGI) $7,373 $1,475 / Unit
UTILITES (TENANTS PAY) $0 $0 / Unit
WATER & SEWER $3,375 $675 / Unit
REPAIRS & MAINTENANCE $3,125 $625 / Unit
INSURANCE $2,875 $575 / Unit
REAL ESTATE TAXES $17,629 $5,876 / Unit
EFFECTIVE GROSS EXPENSES $34,377 $6,875 / Unit
NET OPERATING INCOMENET OPERATING INCOME $149,943
ASKING PRICE $2,500,000 $500,000 / Unit
CAP RATE 13.02x $625 / SF
GRM 6.00%
![Page 4: 362-364 PARKSIDE AVENUE - Amazon Web Services Park… · Parkside Avenue, a renovated 4-family apartment building in Prospect – Lefferts Gardens, Brooklyn. Built 20 ft x 50 ft,](https://reader034.fdocuments.us/reader034/viewer/2022042913/5f4c113692bdb949322904cf/html5/thumbnails/4.jpg)
Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.
152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com
362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY
PLOT PLAN
RENT ROLL
UNIT STATUS BEDROOMS MONTHLY RENT
ANNUAL RENT
1 Vacant/ Projected 5-BR $4,000 $48,000
2 Vacant/ Projected 5-BR $4,000 $48,000
3 Vacant/ Projected 5-BR $4,000 $48,000
4 Vacant/ Projected 5-BR $4,000 $48,000
TOTAL $16,000 $192,000