58-07-09-11_32nd_avenue_-_set-up
TRANSCRIPT
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7/27/2019 58-07-09-11_32nd_Avenue_-_set-up
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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantAll zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, ifThe value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal coushould evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14th FlooForest Hills, NY 11375
T: 718-275-3400 / F: 718-275-5478
275 Madison Avenue, 3rd FloorNew York, NY 10016
T: 212-696-2500 / F: 212-696-0333
205 Montague Street, 3rd FloorBrooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHEST
Three Walk-Up Apartment Buildings
FOR SALE- 8 UNITS
58-07/09/11 32nd Avenue, Woodside, NY 11377
PROPERTY DESCRIPTION
Located on the north side of 32nd Avenue between 58th and 60
Streets, the offering consists of three newly constructed, contiguothree-story plus basement walk-up buildings. 58-07 and 58-
consists of a 3-bedroom duplex apartment on the ground floor a
basement, a 2-bedroom apartment on the second floor and a
bedroom apartment on the third floor. 58-11 consist of a 3-bedroo
duplex apartment on the ground floor and basement and a
bedroom duplex apartment on the second and third floor. There a
2 parking spaces in front of the properties and 3 parking spac
located in the rear. The properties are fully occupied on a month
month basis.
PROPERTY INDICATORS
Block:
Lots:
Lot Dimensions:
Lot SF:
Combined Building Size:
Units:
Stories:
Combined Building SF:
Zoning:
RE Taxes (12/13):
1135
64 & 65
75 x 100 (approx.)
7,500 SF (approx.)
75 x 42 Cellar & 1st Flr (approx.
75 x 45 2nd & 3rd Flrs (approx.)
8
3
9,900 SF (approx.)
R5
$23,351 (approx.)
For further information or inspection, please contact Exclusive Agents:
Thomas A. DonovanPartner
A S K I N G P R I C E : $ 2 , 3 0 0 , 0 0 0
James NelsonPartner
Tommy LinDirector of Sales
Robert RappaAssociate
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7/27/2019 58-07-09-11_32nd_Avenue_-_set-up
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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantAll zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, ifThe value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal coushould evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14th FlooForest Hills, NY 11375
T: 718-275-3400 / F: 718-275-5478
275 Madison Avenue, 3rd FloorNew York, NY 10016
T: 212-696-2500 / F: 212-696-0333
205 Montague Street, 3rd FloorBrooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHEST
(3) Three-Family Apartment Buildings
FOR SALE
58-07/09/11 32nd Avenue, Woodside, NY 11377
For further information or inspection, please contact Exclusive Agents:
Thomas A. DonovanPartner
A S K I N G P R I C E : $ 2 , 3 0 0 , 0 0 0
James NelsonPartner
REVENUE:
Gross Monthly Income 16,300$
Gross Annual Income 195,600$
Less Vacancy @ 5% 9,780$
Effective Gross Income 185,820$
EXPENSES: (ESTIMATED)
Real Estate Taxes (12/13) 23,351$
Water & Sewer 4,800$
Insurance 5,100$
Electric 1,200$
Heat 6,000$
Super 4,800$
Management 5,575$
Total: 50,826$
Effective Gross Income: 185,820$
Less Expenses: (50,826)$
Net Operating Income: 134,994$
Projected
Actual
BASIS
Projected
Projected
Projected
Projected
Projected
Tommy LinDirector of Sales
Robert RappaAssociate
RENT ROLL
UNIT SIZE MONTHLY RENT ANNUAL RENT
Ground Floor 3BR $2,000 $24,000
Second Floor 2BR $1,650 $19,800
Third Floor 3BR $2,000 $24,000
008,76$056,5$emocnIylhtnoM
TNERLAUNNATNERYLHTNOMTINU
Ground Floor 3BR $2,400 $28,800
Second Floor 2BR $1,600 $19,200
Third Floor 3BR $1,750 $21,000
000,96$057,5$emocnIylhtnoM
TNERLAUNNATNERYLHTNOMTINU
Ground Floor 3BR $1,900 $22,800
Second Floor 2BR $2,500 $30,000
008,25$004,4$emocnIylhtnoM
008,51$emocnIylhtnoMdenibmoC
Combined Monthly Parking Income $500 $6,000
006,591$emocnIlaunnAdenibmoC
58-09 32nd Avenue
58-11 32nd Avenue
58-07 32nd Avenue