338 METROPOLITAN AVENUE - LoopNet · 2017. 10. 7. · 338 METROPOLITAN AVENUE For further...
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338 METROPOLITAN AVENUE BROOKLYN, NY For further information please contact: Zach Zimmerman 212.579.7000 ext. 106 [email protected] Louis Meltzer 212.579.7000 ext. 103 [email protected] 25 E 21 ST, 9 FL NY, NY 10010 212.579.7000 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): 2368-0015 16.33’ x 90’ 1,440 16.33’ x 50’ 2,016 2 1 M1-2/R6A 3 4,320 1 $4,009 $2,600,000 PROPERTY INFORMATION: WILLIAMSBURG / REDEVELOPMENT OPPORTUNITY
Transcript of 338 METROPOLITAN AVENUE - LoopNet · 2017. 10. 7. · 338 METROPOLITAN AVENUE For further...
338 METROPOLITAN AVENUEBROOKLYN, NY
For further information please contact:
Zach Zimmerman212.579.7000 ext. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
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. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
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. [email protected]
Louis Meltzer212.579.7000 ext. [email protected]
25 E 21 ST, 9 FL NY, NY 10010212.579.7000
www.hudsonre.com
WILLIAMSBURG SINGLE FAMILY / REDEVELOPMENT OPPORTUNITY
BROOKLYN, NY
$2,600,000
