721 Henry Street

Property Information:Property Description:

721 Henry Street is an eight unit mixed-use building with a full garage situated on the Northeast corner of Henry Street and West 9th Street in Red Hook immediately adjacent to Carroll Gardens. The property is a 5,694 square foot, four story walk-up building with seven residential apartments; two of the units are renovated free market apartments and the other five units are rent stabilized representing a significant value add opportunity. In addition there is a vacant corner retail space and large garage / work studio. The property is an 8 minute walk from the Smith and 9th Street subway station and provides easy access to the F/G trains. 721 Henry is located on the border of Red Hook and Carroll Gardens and presents the prospective investor a unique investment opportunity in one of the fastest growing Brooklyn submarkets.

Asking Price: $2,995,000

Block / Lot

Stories

Total Number of Units

Residential Units

Retail and Garage

Zoning (FAR)

Lot Size

Lot Dimensions

Building Size

536 / 1

4

9

7

2

R5

2,057 Sq. Ft.

24.25’ x 84.83’

5,694 Sq. Ft.

Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing isfrom sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212.913.9058

7 Residential Units | 1 Retail Store | Large Garage | Red Hook | Brooklyn

Rent Roll / Expenses - 721 Henry Street, Brooklyn, NY

Income

Unit

1F

2R

2L

3R

3L

4R

4L

Garage

Retail

Size

1BR

2BR

2BR

2BR

2BR

2BR

2BR

Rent

$1,700

$2,000

$1,164

$1,173

$2,000

$900

$1,257

$1,236

Vacant

$11,430

Projected/ Legal

$1,700

$2,000

$1,164

$1,173

$2,000

$2,000

$2,311

$1,273

$4,000

Status

FM

FM

RS

RS

FM

RS

RS

Exp Date

8/31/18

12/31/19

12/31/19

8/31/18

Expired

12/31/18

9/30/21

$17,621

Rhiannon Lazzerin rhiannon.lazzerin@compass.com 929.326.4212

Smith - 9th St F/G subway

CTown Supermarkets

Red Hook Food Vendors Market Place

Frankie’s 457

Court Street Grocers

Buttermilk Channel

citibike

721 Henry Street

Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing isfrom sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212.913.9058

Real Estate Taxes

Water & Sewage

InsuranceFuel

Electric

$7,444

$4,000

$6,657

$2,009

$1,200

$21,310

Financials

Expenses

Aaron Mazoraaron.mazor@compass.com 917.696.8772

Current Gross Revenue(with vacancies)

$116,760

$209,052.00

$187,743

Projected GrossRevenue

Projected NOI

--

700SF

n/a

n/a

9/31/19

n/a