338 metropolitan avenue · 2017. 8. 18. · 338 metropolitan avenue for further information please...
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338 METROPOLITAN AVENUEBROOKLYN, NY
For further information please contact:
Zach Zimmerman212.579.7000 ext. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
25 E 21 ST, 9 FL NY, NY 10010212.579.7000
www.hudsonre.com
Block / Lot:Lot Dimensions:
Lot Size (SF):Building Dimensions:
Building Size (SF):Stories:
Units:Zoning:
FAR (Floor Area Ratio):Total Buildable (SF):
Tax Class:Real Estate Taxes (16/17):
2368-001516.33’ x 90’1,44016.33’ x 50’2,01621M1-2/R6A34,3201$4,009
CALL FOR PRICING
PROPERTY INFORMATION:
WILLIAMSBURG / REDEVELOPMENT OPPORTUNITY
338 METROPOLITAN AVENUE
For further information please contact:
Zach Zimmerman212.579.7000 ext. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
25 E 21 ST, 9 FL NY, NY 10010212.579.7000
www.hudsonre.com
Offering Price: $3,000,000 Offering Price: $3,000,000
BROOKLYN, NY
WILLIAMSBURG SINGLE FAMILY / REDEVELOPMENT OPPORTUNITY
Block / Lot:Lot Dimensions:Lot Size (SF):Building Dimensions:Building Size (SF):Stories:Units:Zoning:FAR (Floor Area Ratio):Total Buildable (SF):Tax Class:Real Estate Taxes (16/17):
2368-001516.33’ x 90’1,44016.33’ x 50’2,01621M1-2/R6A34,3201$4,009
PROPERTY INFORMATION:
Ownership has set the following targets in order to effect a sale by year end:
Call for Offers: September 15, 2017Best and Final: September 21, 2017Purchase & Sale Agreement: late September 2017Due Dilligence Period: October 1, 2017Close of Escrow: December 1, 2017 or sooner
OFFERING TIMELINE:
Residential & Retail Inc:Total Monthly Income:
Gross Annual Income:
$8,000$8,000
$96,000
$23,150$23,150
$277,800
FINANCIAL INFORMATION:Current Pro Forma
Price:CAPEX:Per SF:Per Unit:GRM:CAP Rate:
$3,000,000$0$1,488$3,000,00031.252.97%
$3,000,000$950,000$1,959$3,950,00014.226.38%
Current Pro Forma
*Assumes $950K for redevelopment & conversion
Real Estate Taxes:Gas/Oil:Insurance:Water and Sewer:Repairs and Maintenance:Common Electric (PSF):Legal & Miscellaneous:
$4,009$1,125$960$900$0$0$0
$7,461$750$4,320$900$2,000$600$1,500
EXPENSES:Current Pro Forma
Total Annual Expenses: $6,995 $17,531
Gross Annual Income: Vacancy Allowance: Gross Effective Income: Net Operating Income:
$96,000 $0 $96,000 $89,006
$277,800 $8,228 $269,572 $252,041
338 METROPOLITAN AVENUE
For further information please contact:
Zach Zimmerman212.579.7000 ext. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
25 E 21 ST, 9 FL NY, NY 10010212.579.7000
www.hudsonre.com
Offering Price: $3,000,000
WILLIAMSBURG SINGLE FAMILY / REDEVELOPMENT OPPORTUNITY
BROOKLYN, NY