338 METROPOLITAN AVENUEBROOKLYN, NY

For further information please contact:

Zach Zimmerman212.579.7000 ext. 106zz@hudsonre.com

Louis Meltzer212.579.7000 ext. 103lm@hudsonre.com

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

$2,600,000

PROPERTY INFORMATION:

WILLIAMSBURG / REDEVELOPMENT OPPORTUNITY

338 METROPOLITAN AVENUE

For further information please contact:

Zach Zimmerman212.579.7000 ext. 106zz@hudsonre.com

Louis Meltzer212.579.7000 ext. 103lm@hudsonre.com

25 E 21 ST, 9 FL NY, NY 10010212.579.7000

www.hudsonre.com

BROOKLYN, NYWILLIAMSBURG 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 14, 2017Best and Final: September 22, 2017

OFFERING TIMELINE:

Residential & Retail Inc:Total Monthly Income:

Gross Annual Income:

$8,000$8,000

$96,000

$19,300$19,300

$231,600

FINANCIAL INFORMATION:Current Pro Forma

Price:CAPEX:Per SF:Per Unit:GRM:CAP Rate:

$2,600,000$0$1,364$2,600,00027.083.50%

$2,600,000$950,000$4,856$2,600,00011.235.90%

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

$231,600$7,087 $224,513 $206,982

$2,600,000

338 METROPOLITAN AVENUE

For further information please contact:

Zach Zimmerman212.579.7000 ext. 106zz@hudsonre.com

Louis Meltzer212.579.7000 ext. 103lm@hudsonre.com

25 E 21 ST, 9 FL NY, NY 10010212.579.7000

www.hudsonre.com

WILLIAMSBURG SINGLE FAMILY / REDEVELOPMENT OPPORTUNITY

BROOKLYN, NY

$2,600,000