267 brooklyn avenue - amazon web services · 1040 avenue of the americas, 8th floor, new york, ny...
TRANSCRIPT
For further information, please contact exclusive agents:
B6 Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make norepresentation as to the condition of the property (or properties) in question.
B6 REAL ESTATE ADVISORS1040 Avenue of the Americas, 8th Floor, New York, NY 10018
B6RealEstateAdvisors.com
DJ JohnstonPartner, Senior Managing Director(646) [email protected]
Michael Murphy Senior Associate(646) [email protected]
Bobby LawrenceDirector(646) [email protected]
Ben Rechler Associate(646) 933-2657 [email protected]
267 BROOKLYN AVENUECROWN HEIGHTS, BROOKLYN, NY 11213
For further information, please contact exclusive agents:
B6 Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make norepresentation as to the condition of the property (or properties) in question.
B6 REAL ESTATE ADVISORS1040 Avenue of the Americas, 8th Floor, New York, NY 10018
B6RealEstateAdvisors.com
DJ JohnstonPartner, Senior Managing Director(646) [email protected]
Michael Murphy Senior Associate(646) [email protected]
Bobby LawrenceDirector(646) [email protected]
Ben Rechler Associate(646) 933-2657 [email protected]
Property Features
LocationNortheast corner of Lincoln Place and BrooklynAvenue
Block & Lot 1257 / 1
Lot Dimension 20’ x 75'
Lot SF 1,500
Building Dimensions 20’ x 74'
Upper Floors Dimensions 20’ x 55’
Stories 3
Gross Building SF 3,680
Residential Units 2
Commercial Units 1
Total Units 3
Zoning R6
FAR 2.2
Air Rights 280
Assessment ('18/'19) $31,443 Tax Class 1
R.E. Taxes ('18/'19) $6, 578
Information presented herein is subject to change and should be individually verified. All measurements and square footage estimates are approximate.
FOR SALE
Asking Price
$2,000,000 $543 per sf
FOR SALEMIXED-USE BUILDING
267 Brooklyn AvenueCrown Heights, Brooklyn, NY 11213
2 Residential Units Over Retail | 3,680 SF
B6 Real Estate Advisors has been retained on an exclusive
basis to arrange for the sale of 267 Brooklyn Avenue in the
Crown Heights neighborhood of Brooklyn.
• Three-story brownstone with two residential units above
newly renovated and leased commercial space. Unique
opportunity for users and investors alike.
• Both residential units can be delivered vacant with
opportunity to increase bedroom count
• Amazing location in Crown Heights on the corner of
Lincoln Place and Brooklyn Avenue. Ideal for students
and young professionals.
• Located two blocks away from the Kingston Avenue 3
train providing quick access to Manhattan and
throughout Brooklyn.
-
3
267 Brooklyn Avenue
3
3
52
B6 Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make norepresentation as to the condition of the property (or properties) in question.
B6 REAL ESTATE ADVISORS1040 Avenue of the Americas, 8th Floor, New York, NY 10018
B6RealEstateAdvisors.com
DJ JohnstonPartner, Senior Managing Director(646) [email protected]
Michael Murphy Senior Associate(646) [email protected]
Bobby LawrenceDirector(646) [email protected]
Ben Rechler Associate(646) 933-2657 [email protected]
For further information, please contact exclusive agents:
Gross Annual Income $110,400
Vacancy & Credit Loss @ 3% $3,312
Effective Gross Income $107,088
Less Total Expenses $16,592
Projected Net Operating Income $90,496
267 Brooklyn AvenueCrown Heights, Brooklyn, NY 11213
Estimated Expenses B6 Metrics
Real Estate Taxes (18/19)* DOF Tax Bill $4,406
Insurance $450 / Per Unit $1,350
Water & Sewer $1,000/ Per ResiUnit
$2,000
Heating Fuel** Tenants Pay --
Electric (Common) $0.15 / GSF $552
Repairs & Maintenance $500/ Per ResiUnit
$1,000
Superintendent $250 / Month $3,000
Management 4.0% of EGI $4,284
Total Exp. Ratio: 16% $16,592
*Number includes retail tenant paying 33% of tax bill ** Assuming post-renovations sub-metered of each unit
Rent Roll Current Projected (Post Renovation)
Unit Type Lease Exp. Net SF $ / SF Rent / Mo. Annual Rent $ / SF Rent / Mo. Annual Rent
Ground Floor Retail* Jan-2024 1480 $26 $3,250 $39,000 $26 $3,250 $39,000
2nd Floor 1 BR MTM 1100 $26 $2,350 $28,200 $30 $2,750 $33,000
3rd Floor 1.5 BR MTM 1100 $16 $1,500 $18,000 $35 $3,200 $38,400
Total / Average 3,680 $23 $7,100 $85,200 $30 $9,200 $110,400
* Retail tenant pays its utilities and 33% of real estate taxes
B6 Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make norepresentation as to the condition of the property (or properties) in question.
B6 REAL ESTATE ADVISORS1040 Avenue of the Americas, 8th Floor, New York, NY 10018
B6RealEstateAdvisors.com
For further information, please contact exclusive agents:
DJ JohnstonPartner, Senior Managing Director(646) [email protected]
Michael Murphy Senior Associate(646) [email protected]
Bobby LawrenceDirector(646) [email protected]
Ben Rechler Associate(646) 933-2657 [email protected]