TOTAL UNITS TOTAL SQUARE FEET PRICE TAXES CAP GRM …€¦ · TOTAL UNITS PRICE /SF CAP RATE...

TOTAL UNITS

PRICE /SF

CAP RATE

FRONTAGE

TOTAL SQUARE FEET

PROJECTED TAXES

GRM

Tel: (212) 430-5114

[email protected]

Tel: (212) 430-5147

[email protected]

Tel: (212) 430-5185

[email protected]

Tel: (212) 430-5162

[email protected]

Tel: (212) 430-5194

[email protected]

Tel: (212) 430-5168

[email protected]

Peter Von Der AheTel: (212) 430-5114

Andrew DanskerTel: (212) 430-5168

Financing Inquiries:

Joe KoicimTel: (212) 430-5147

David LloydTel: (212) 430-5185

Corey IsdanerTel: (212) 430-5162

Logan MarkleyTel: (212) 430-5194

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 accuracyof 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 &Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

$/SF $605 INCOME CURRENT PRO FORMA

$/UNIT $328,125 Gross Potential Residential Rent $281,410 $308,572

TOTAL SF 8,675 Gross Potential Commercial Rent $26,400 $27,720

TOTAL UNITS 16 Gross Income $307,810 $336,292

CURRENT METRICS Other Income- Storage $3,720 $3,720

CAP RATE 4.1% Effective Gross Income $303,088 $330,755

GRM 16.9 Average Residential Rent/Month/Unit $1,563 $1,714

PRO FORMA METRICS

CAP RATE 4.6% EXPENSES

GRM 15.4 Property Taxes Tax Class: 2 $31,571 $31,571

CASH ON CASH 3.17% Fuel - Gas $12,000 $12,000

Insurance $7,500 $7,500

Water and Sewer $8,000 $8,000

EXPENSE RATIO UPSIDE ANALYSIS Repairs and Maintenance $10,000 $10,000

Common Electric (PPSF) $2,169 $2,169

Super Salary $4,000 $4,000

Management Fee $12,124 $13,230

Total Expenses $87,363 $88,470

Net Operating Income $215,724 $242,285

LEASE STATUS ANALYSIS

UNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENT

PROPOSED DEBT Total Units -- 15 $1,710

Debt Service ($167,707) Total RS Units 87% 13 $1,447

Debt Coverage Ratio 1.29 Total RC Units 0% 0 $0

Net Debt Cash Flow After Debt Service $74,577 Total FM Units 13% 2 $2,318

Loan Amount $2,900,000 Total Commercial -- 1 $2,200

Interest Rate 4.00%

Amortization 30 UNIT TYPE ANALYSIS

TYPE % OF TOTAL TOTAL AVG. RENT

Studio 0% 0 $0

1 Bedroom 33% 5 $1,575

2 Bedroom 67% 10 $1,557

GROSS TOTAL SF

8,675 $605$/SF

OFFERING PRICE

29%

RATIO OF

FAIR MARKET UNITS

10%PROPERTY TAXES

RATIO

($9,257)($8,442)

$5,250,000

*Note: MCI’s have not been filled for a new boiler. This will allow an investor to increase the

rent roll $3,500

Vacancy/Collection Loss

$1,714 PRO FORMA

AVERAGE MONTHLY

RENT

13%

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

1 Bedroom 2 Bedroom

Current Avg RS Units

Market Rents

Current Avg FM Rents

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 accuracyof 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 &Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap








UNIT TENANT NAME NOTES LEASE START SF EXPIRATION ACTUAL PRO FORMA

Store Northeast Lobster 5% Annual Increases Nov-17 700 Nov-23 $2,200 $2,310

700 $2,200 $2,310

RESIDENTIAL RENT

UNIT# LEASE STATUS NOTES BEDROOMS ROOMS SF EXPIRATION ACTUAL PRO FORMA

1 FM 2 Bedroom 4 May-18 $2,385 $3,400

2 FM 2 Bedroom 4 Nov-19 $2,250 $3,400

3 RS 1 Bedroom 3 May-19 $1,249 $1,249

4 RS 2 Bedroom 4 Mar-20 $1,699 $1,699

5 RS 2 Bedroom 4 May-19 $1,478 $1,478

6 RS 1 Bedroom 3 Oct-18 $1,277 $1,293

7 RS 2 Bedroom 4 Oct-18 $1,266 $1,281

8 RS 2 Bedroom 4 May-19 $1,364 $1,364

9 RS 1 Bedroom 3 Feb-19 $1,642 $1,663

10 RS 2 Bedroom 4 May-19 $1,200 $1,200

11 RS 2 Bedroom 4 Mar-18 $1,274 $1,290

12 RS 1 Bedroom 3 Feb-19 $1,708 $1,730

13 RS 2 Bedroom 4 May-20 $1,292 $1,292

14 RS SCRIE 2 Bedroom 4 May-17 $1,365 $1,365

15 RS 1 Bedroom 3 Feb-19 $2,000 $2,025

MONTHLY RESIDENTIAL REVENUE 25 55 $23,451 $25,730

ANNUAL RESIDENTIAL REVENUE $281,410 $308,763

ANNUAL COMMERCIAL REVENUE $26,400 $27,720

ACTUAL PRO FORMA

TOTAL ANNUAL REVENUE $307,810 $336,483

There are currently 0 vacant units in the building. The super lives off site.

MONTHLY COMMERCIAL REVENUE

COMMERCIAL RENT

CITY: New Yorki

STATE: NYi

BLOCK & LOT:275 / 1i

LOT DIMENSIONS: 25.42 ft X 100.17 fti

LOT SF: 1,779i

BUILDING DIMENSIONS: 25 ft X 86 fti

BUILDING SF: 8,675i

ZONING: R7-2i

MAX FAR: 3.44i

AVAILABLE AIR RIGHTS: 0i

LANDMARK DISTRICT: Nonei

HISTORIC DISTRICT: Nonei

ANNUAL TAX BILL:__$25,560i

TAX CLASS: 2i








TOTAL UNITS TOTAL SQUARE FEET PRICE TAXES CAP GRM …€¦ · TOTAL UNITS PRICE /SF CAP RATE...

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