PowerPoint Presentation · Store Pays 25% of W&S MTM $2,400 $2,800 Suite A Owner occupied and will...

7TOTAL UNITS

$439PRICE /SF

3.7%CAP RATE

25 'FRONTAGE

6,600TOTAL SQUARE FEET

$32,986PROJECTED TAXES

17.5GRM

Q19BUS ACCESS

Peter Von Der AheTel: (212) 430-5114 [email protected]

Shaun RineyTel: (718) [email protected]

Dylan WalshTel: (212) [email protected]

Max BelinskyTel: (718) [email protected]

Andrew Dansker | Financing InquiriesTel: (212) [email protected]

L I S T I N G M E T R I C S

18-2 Astoria BoulevardIs being offered at $2,900,000

F INANCIAL OVERVIEW

1 8 - 2 A s t o r i a B o u l e v a r d _

Peter Von Der AheTel: (212) 430-5114

Andrew DanskerTel: (212) 430-5168

Financing Inquiries:

Shaun RineyTel: (718) 475-4369

Dylan WalshTel: (212) 430-5120

Max BelinskyTel: (718) 475-4327

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. © 2019 Marcus & Millichap

$/SF $439 INCOME CURRENT PRO FORMA$/UNIT $414,286 Gross Potential Residential Rent $74,400 $91,200TOTAL SF 6,600 Gross Potential Commercial Rent $91,200 $96,000TOTAL UNITS 7 Gross Income $165,600 $187,200

CURRENT METRICS Effective Gross Income $163,368 $184,464CAP RATE 3.7% Average Residential Rent/Month/Unit $1,550 $1,900GRM 17.5

PRO FORMA METRICS EXPENSESCAP RATE 4.4% Property Taxes Tax Class: 2A $32,986 $32,986GRM 15.5 Fuel (Tenants pay for heat) $0 $0

Insurance $5,505 $5,505Water and Sewer $2,059 $2,059Repairs and Maintenance $3,500 $3,500

EXPENSE RATIO UPSIDE ANALYSIS Common Electric (PPSF) $2,834 $2,834Super Salary $3,000 $3,000Management Fee $4,901 $5,534Total Expenses $54,785 $55,418Net Operating Income $108,583 $129,046

LEASE STATUS ANALYSISUNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENTTotal Units -- 4 $3,450Total RS Units 0% 0 $0Total RC Units 0% 0 $0Total FM Units 100% 4 $1,550

PROPOSED DEBT Total Commercial -- 3 $2,533Debt Service ($80,962)Debt Coverage Ratio 1.34 UNIT TYPE ANALYSISNet Debt Cash Flow After Debt Service $48,084 TYPE % OF TOTAL TOTAL AVG. RENTLoan Amount $1,400,000 Studio 0% 0 $0Interest Rate 4.00% 1 Bedroom 100% 4 $1,550Amortization 30 2 Bedroom 0% 0 $0

3 Bedroom 0% 0 $04 Bedroom 0% 0 $05 Bedroom 0% 0 $06 Bedroom 0% 0 $0SRO 0% 0 $0

GROSS TOTAL SF

6,600 $439$/SF

OFFERING PRICE

34%

RATIO OFFAIR MARKET UNITS

20% PROPERTY TAXESRATIO

($2,736)($2,232)Vacancy/Collection Loss

$1,900 PRO FORMAAVERAGE MONTHLY RENT

100%

$2,900,000

$0$200$400$600$800

$1,000$1,200$1,400$1,600$1,800$2,000

Current Avg RS UnitsMarket RentsCurrent Avg FM Rents

RENT ROLL


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. © 2019 Marcus & Millichap







UNIT NOTES LEASE START EXPIRATION ACTUAL PRO FORMA

Store Pays 25% of W&S MTM $2,400 $2,800

Suite AOwner occupied and will be delivered vacant

MTM $2,600 $2,600

Suite BOwner occupied and will be delivered vacant

MTM $2,600 $2,600

$7,600 $8,000

RESIDENTIAL RENTUNIT# LEASE STATUS NOTES BEDROOMS ROOMS ACTUAL PRO FORMA

2L FM 1 Bedroom 3 $1,625 $1,9002R FM 1 Bedroom 3 $1,625 $1,9003L FM Super 1 Bedroom 3 $1,325 $1,9003R FM 1 Bedroom 3 $1,625 $1,900MONTHLY RESIDENTIAL REVENUE 4 12 $6,200 $7,600

ANNUAL RESIDENTIAL REVENUE $74,400 $91,200ANNUAL COMMERCIAL REVENUE $91,200 $96,000

ACTUAL PRO FORMATOTAL ANNUAL REVENUE $165,600 $187,200There are currently 0 vacant units in the building. The super lives in a unit.There are 7 total units.***Super is getting a discounted rent and receives $200/month

MONTHLY COMMERCIAL REVENUE

COMMERCIAL RENT

CITY: Queensi

STATE: NYi

BLOCK & LOT: 539 / 22i

LOT DIMENSIONS: 25 ft X 136 fti

LOT SF: 3,300i

BUILDING DIMENSIONS: 25 ft X 50 fti

BUILDING SF: 6,600i

ZONING: R6Bi

MAX FAR: 2i

AVAILABLE AIR RIGHTS: 0i

LANDMARK DISTRICT: Nonei

HISTORIC DISTRICT: Nonei

ANNUAL TAX BILL: __$32,986

TAX CLASS: 2Ai


PROPERTY DESCR IPT ION








SURROUNDING AREA MAP







Q19 Bus

Queens Library at

Astoria


EXTER IORS







www.newyorkmultifamily.com 212 430 5114







PowerPoint Presentation · Store Pays 25% of W&S MTM $2,400 $2,800 Suite A Owner occupied and will...

Documents

Transcript of PowerPoint Presentation · Store Pays 25% of W&S MTM $2,400 $2,800 Suite A Owner occupied and will...