powerpoint presentation · store pays 25% of w&s mtm $2,400 $2,800 suite a owner occupied and...
TRANSCRIPT
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
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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
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
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
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PROPERTY DESCR IPT ION
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
1 8 - 2 A s t o r i a B o u l e v a r d _
SURROUNDING AREA MAP
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
Q19 Bus
Queens Library at
Astoria
1 8 - 2 A s t o r i a B o u l e v a r d _
EXTER IORS
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