Bedford Stuyvesant Multi-Family Home for Sale / 144 Ralph Avenue, Brooklyn, NY

www.CBRCD.com

Prepared by

For Sale

Multi-Family Property For Sale Bedford Stuyvesant 144 Ralph Avenue | Brooklyn, NY 11233 - $2,350,000

Joseph T. Hamdan, NYS Licensed Broker(718)921-3100 [email protected]

Harun Sharif Henry(718)921-3100 [email protected]

Coldwell Banker Reliable

(718)921-3100

Table of Contents

Property Description

Real Estate Investment Details

Executive Summary

Pro Forma Income/Expense

Cash Flow Analysis

Detailed General Expenses

Property Resale Analysis

Annual Property Operating Data per Sq. Ft.

Gross Income Vs. Operating Expenses

Demographics

Confidentiality

Property Description

Multi-Family With Development Opportunity Bedford Stuyvesant144 Ralph Avenue, Brooklyn, NY

Coldwell Banker Reliable Commercial Divisionis pleased to offer for sale 144 Ralph Avenue inthe Bedford Stuyvesant section of Brooklyn. Theproperty a four unit residential building consistsof 4,875 SF with a building size of 25 x 65situated on a 25 x 100 lot. The property zonedC2-4/R6A allows for a maximum buildable of7,500 SF an opportunity to potentially build anadditional 2,625 SF of livable space. Pleasereview our offering memorandum for a scheduleof projected income and expenses. Foradditional information or to schedule a property

tour please contact Exclusive Broker Coldwell Banker Reliable Commercial Division.

Bedford–Stuyvesant is bordered by Flushing Avenue to the north bordering Williamsburg),Classon Avenue to the west (bordering Clinton Hill), Broadway to the east (bordering Bushwick),and Atlantic Avenue to the south (bordering Crown Heights and Brownsville.

Real Estate Investment Details

ANALYSIS

Analysis Date August 2015

PROPERTY

PropertyProperty Address

Year Built

Multi-Family Property For Sale144 Ralph AvenueBrooklyn, NY 112331910

FINANCIAL INFORMATION

All Cash

PURCHASE INFORMATION

Property Type MultiFamilyPurchase Price $2,350,000Units 4Total Rentable Sq. Ft. 4,875Resale Valuation 5.6% (capitalization of noi)

LOANS

Debt Term Amortization Rate Payment LO CostsAll Cash

INCOME & EXPENSES

Gross Operating Income $150,000Monthly GOI $12,500Total Annual Expenses ($17,700)Monthly Expenses ($1,475)

CONTACT INFORMATION

Joseph T. Hamdan, NYS Licensed Broker (718)921-3100 [email protected]

Harun Sharif Henry, NYS Associate Broker(718)921-3100 [email protected]

Executive Summary

ACQUISITION COSTS

Purchase Price, Points and Closing Costs $2,350,000Investment - Cash $0

INVESTMENT INFORMATION

Purchase Price $2,350,000Price per Unit $587,500Price per Sq. Ft. $482.05Income per Unit $37,500Expenses per Unit ($4,425)

INCOME, EXPENSES & CASH FLOW

Gross Scheduled Income $150,000Total Vacancy and Credits $0Operating Expenses ($17,700)Net Operating Income $132,300Debt Service $0Cash Flow Before Taxes $132,300

FINANCIAL INDICATORS

Debt Coverage Ratio N/ACapitalization Rate 5.63%Gross Rent Multiplier 15.67Gross Income / Square Feet $30.77Gross Expenses / Square Feet ($3.63)Operating Expense Ratio 11.80%


INCOME

Actual Per Unit Market Per Unit

Gross Potential Rent $150,000 $37,500 ($48) ($12)

Less: Vacancy $0 $0 $0 $0

Effective Gross Income $150,000 $37,500 ($48) ($12)

OPERATING EXPENSES

Actual Per Unit Market Per Unit

Building Insurance $3,000 $750 $3,000 $750

Taxes - Real Estate $3,600 $900 $3,600 $900

Common- Electricity $600 $150 $600 $150

Utility - Heating $6,500 $1,625 $6,500 $1,625

Utility - Water & Sewer $4,000 $1,000 $4,000 $1,000

Total Expenses ($17,700) ($4,425) ($17,700) ($4,425)

Net Operating Income $132,300 $33,075 ($17,748) ($4,437)


UNIT MIX & ANNUAL SCHEDULED INCOME

Type Units Actual Total Market Total

Three Bedroom Duplex 1 $42,000 $42,000 ($12) ($12)

Four Bedroom 1 $48,000 $48,000 ($12) ($12)

Two Bedroom 1 $30,000 $30,000 ($12) ($12)

Two Bedroom 1 $30,000 $30,000 ($12) ($12)

TOTALS 4 $150,000 ($48)

ANNUALIZED INCOMEActual Market

Gross Potential Rent $150,000 ($48)Less: Vacancy $0 $0Effective Gross Income $150,000 ($48)

Less: Expenses ($17,700) ($17,700)Net Operating Income $132,300 ($17,748)

ANNUALIZED EXPENSES

Actual MarketBuilding Insurance $3,000 $3,000Taxes - Real Estate $3,600 $3,600Common- Electricity $600 $600Utility - Heating $6,500 $6,500Utility - Water & Sewer $4,000 $4,000

Total Expenses $17,700 $17,700

Expenses Per RSF $3.63 $3.63

Expenses Per Unit $4,425 $4,425

INVESTMENT SUMMARYPrice: $2,350,000

1910

4

$587,500

4,875

$482.05

2,500 sf

3

5.63%

Year Built:

Units:

Price/Unit:

RSF:

Price/RSF:

Lot Size:

Floors:

Cap Rate: :

Cash Flow Analysis

Description Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10

GROSS SCHEDULED INCOME $150,000 $154,500 $159,135 $163,909 $168,826 $173,891 $179,108 $184,481 $190,016 $195,716

Total Operating Expenses ($17,700) ($17,966) ($18,235) ($18,509) ($18,786) ($19,068) ($19,354) ($19,644) ($19,939) ($20,238)

NET OPERATING INCOME $132,300 $136,535 $140,900 $145,401 $150,040 $154,823 $159,754 $164,837 $170,077 $175,478

Loan Payment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

NET CASH FLOW (b/t) $132,300 $136,535 $140,900 $145,401 $150,040 $154,823 $159,754 $164,837 $170,077 $175,478

Cash On Cash Return b/t N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Footnotes: b/t = before taxes;a/t = after taxes

Cash Flow Analysis


GROSS SCHEDULED INCOME $201,587 $207,635 $213,864 $220,280 $226,888 $233,695 $240,706 $247,927 $255,365 $263,026

Total Operating Expenses ($20,542) ($20,850) ($21,162) ($21,480) ($21,802) ($22,129) ($22,461) ($22,798) ($23,140) ($23,487)

NET OPERATING INCOME $181,046 $186,785 $192,702 $198,800 $205,086 $211,566 $218,245 $225,129 $232,225 $239,539

Loan Payment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

NET CASH FLOW (b/t) $181,046 $186,785 $192,702 $198,800 $205,086 $211,566 $218,245 $225,129 $232,225 $239,539

Cash On Cash Return b/t N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Footnotes: b/t = before taxes;a/t = after taxes



Total Expenses ($17,700) ($17,966) ($18,235) ($18,509) ($18,786) ($19,068) ($19,354) ($19,644) ($19,939) ($20,238)

Speed Analysis Expenses ($17,700) ($17,966) ($18,235) ($18,509) ($18,786) ($19,068) ($19,354) ($19,644) ($19,939) ($20,238)



Total Expenses ($20,542) ($20,850) ($21,162) ($21,480) ($21,802) ($22,129) ($22,461) ($22,798) ($23,140) ($23,487)

Speed Analysis Expenses ($20,542) ($20,850) ($21,162) ($21,480) ($21,802) ($22,129) ($22,461) ($22,798) ($23,140) ($23,487)



Projected Property Value $2,362,500 $2,438,116 $2,516,072 $2,596,438 $2,679,289 $2,764,700 $2,852,748 $2,943,515 $3,037,082 $3,133,535

Resale Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Proceeds b/f Debt Payoff $2,362,500 $2,438,116 $2,516,072 $2,596,438 $2,679,289 $2,764,700 $2,852,748 $2,943,515 $3,037,082 $3,133,535

Basis at Acquisition $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000

Depreciation ($81,874) ($167,320) ($252,766) ($338,212) ($423,658) ($509,104) ($594,550) ($679,996) ($765,442) ($850,888)

Adjusted Tax Basis $2,268,126 $2,182,680 $2,097,234 $2,011,788 $1,926,342 $1,840,896 $1,755,450 $1,670,004 $1,584,558 $1,499,112

Resale Tax Gain (Loss) $94,374 $255,436 $418,838 $584,650 $752,947 $923,804 $1,097,298 $1,273,511 $1,452,524 $1,634,423

Resale Tax Benefit (Cost) ($20,469) ($41,830) ($63,192) ($84,553) ($105,915) ($127,276) ($148,638) ($169,999) ($191,361) ($212,722)

Loan Principal Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Resale Proceeds $2,342,032 $2,396,286 $2,452,880 $2,511,885 $2,573,375 $2,637,424 $2,704,111 $2,773,516 $2,845,722 $2,920,813

Footnotes: b/f = before



Projected Property Value $3,232,962 $3,335,453 $3,441,102 $3,550,003 $3,662,257 $3,777,964 $3,897,231 $4,020,164 $4,146,876 $4,277,480

Resale Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Proceeds b/f Debt Payoff $3,232,962 $3,335,453 $3,441,102 $3,550,003 $3,662,257 $3,777,964 $3,897,231 $4,020,164 $4,146,876 $4,277,480

Basis at Acquisition $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000 $2,350,000

Depreciation ($936,334) ($1,021,780) ($1,107,226) ($1,192,672) ($1,278,118) ($1,363,564) ($1,449,010) ($1,534,456) ($1,619,902) ($1,701,776)

Adjusted Tax Basis $1,413,666 $1,328,220 $1,242,774 $1,157,328 $1,071,882 $986,436 $900,990 $815,544 $730,098 $648,224

Resale Tax Gain (Loss) $1,819,296 $2,007,233 $2,198,328 $2,392,675 $2,590,375 $2,791,528 $2,996,241 $3,204,620 $3,416,778 $3,629,256

Resale Tax Benefit (Cost) ($234,084) ($255,445) ($276,807) ($298,168) ($319,530) ($340,891) ($362,253) ($383,614) ($404,976) ($425,444)

Loan Principal Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Net Resale Proceeds $2,998,879 $3,080,008 $3,164,295 $3,251,835 $3,342,727 $3,437,073 $3,534,978 $3,636,550 $3,741,900 $3,852,036

Footnotes: b/f = before



Rental Income $30.77 $31.69 $32.64 $33.62 $34.63 $35.67 $36.74 $37.84 $38.98 $40.15

Miscellaneous Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

GROSS SCHEDULED INCOME $30.77 $31.69 $32.64 $33.62 $34.63 $35.67 $36.74 $37.84 $38.98 $40.15

GROSS OPERATING INCOME $30.77 $31.69 $32.64 $33.62 $34.63 $35.67 $36.74 $37.84 $38.98 $40.15

Expenses Speed Analysis Expenses ($3.63) ($3.69) ($3.74) ($3.80) ($3.85) ($3.91) ($3.97) ($4.03) ($4.09) ($4.15)

TOTAL OPERATING ($3.63) ($3.69) ($3.74) ($3.80) ($3.85) ($3.91) ($3.97) ($4.03) ($4.09) ($4.15)

NET OPERATING INCOME $27.14 $28.01 $28.90 $29.83 $30.78 $31.76 $32.77 $33.81 $34.89 $36.00



Rental Income $41.35 $42.59 $43.87 $45.19 $46.54 $47.94 $49.38 $50.86 $52.38 $53.95

Miscellaneous Income $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

GROSS SCHEDULED INCOME $41.35 $42.59 $43.87 $45.19 $46.54 $47.94 $49.38 $50.86 $52.38 $53.95

GROSS OPERATING INCOME $41.35 $42.59 $43.87 $45.19 $46.54 $47.94 $49.38 $50.86 $52.38 $53.95

Expenses Speed Analysis Expenses ($4.21) ($4.28) ($4.34) ($4.41) ($4.47) ($4.54) ($4.61) ($4.68) ($4.75) ($4.82)

TOTAL OPERATING ($4.21) ($4.28) ($4.34) ($4.41) ($4.47) ($4.54) ($4.61) ($4.68) ($4.75) ($4.82)

NET OPERATING INCOME $37.14 $38.31 $39.53 $40.78 $42.07 $43.40 $44.77 $46.18 $47.64 $49.14

Gross Income Vs. Operating Expenses

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

$27,000

$54,000

$81,000

$108,000

$135,000

$162,000

$189,000

$216,000

$243,000

$270,000

Legend

GROSS SCHEDULED INCOME Total Operating Expenses

Demographic and Income Profile144 Ralph Ave, Brooklyn, New York, 11233Ring: 1 mile radius

Latitude: 40.68499 Longitude: -73.92317

Summary Census 2010 2015 2020Population 165,926 173,520 182,641Households 60,901 64,152 67,755Families 38,174 40,152 42,391Average Household Size 2.69 2.67 2.66Owner Occupied Housing Units 11,902 12,458 13,212Renter Occupied Housing Units 48,999 51,694 54,542Median Age 32.1 33.2 34.9

Trends: 2015 - 2020 Annual Rate Area State NationalPopulation 1.03% 0.42% 0.75%Households 1.10% 0.46% 0.77%Families 1.09% 0.39% 0.69%Owner HHs 1.18% 0.19% 0.70%Median Household Income 1.88% 2.84% 2.66%

2015 2020 Households by Income Number Percent Number Percent

<$15,000 17,017 26.5% 16,710 24.7%$15,000 - $24,999 7,890 12.3% 6,780 10.0%$25,000 - $34,999 7,210 11.2% 7,604 11.2%$35,000 - $49,999 9,398 14.6% 9,736 14.4%$50,000 - $74,999 9,216 14.4% 9,675 14.3%$75,000 - $99,999 5,228 8.1% 6,377 9.4%$100,000 - $149,999 5,666 8.8% 7,477 11.0%$150,000 - $199,999 1,765 2.8% 2,383 3.5%$200,000+ 763 1.2% 1,013 1.5%

Median Household Income $34,927 $38,344Average Household Income $48,667 $55,549Per Capita Income $18,129 $20,738

Census 2010 2015 2020 Population by Age Number Percent Number Percent Number Percent

0 - 4 11,892 7.2% 11,975 6.9% 12,517 6.9%5 - 9 11,451 6.9% 12,017 6.9% 11,211 6.1%10 - 14 12,073 7.3% 12,087 7.0% 11,936 6.5%15 - 19 13,559 8.2% 12,092 7.0% 11,526 6.3%20 - 24 14,387 8.7% 14,435 8.3% 12,984 7.1%25 - 34 26,996 16.3% 29,373 16.9% 31,392 17.2%35 - 44 23,004 13.9% 23,339 13.5% 26,628 14.6%45 - 54 22,365 13.5% 22,632 13.0% 22,817 12.5%55 - 64 15,137 9.1% 18,020 10.4% 20,806 11.4%65 - 74 8,894 5.4% 10,830 6.2% 12,911 7.1%75 - 84 4,624 2.8% 5,003 2.9% 6,002 3.3%

85+ 1,544 0.9% 1,717 1.0% 1,912 1.0%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 20,563 12.4% 22,519 13.0% 25,044 13.7%Black Alone 111,694 67.3% 113,369 65.3% 115,746 63.4%American Indian Alone 1,458 0.9% 1,488 0.9% 1,590 0.9%Asian Alone 2,849 1.7% 3,784 2.2% 5,039 2.8%Pacific Islander Alone 122 0.1% 138 0.1% 143 0.1%Some Other Race Alone 23,145 13.9% 25,046 14.4% 26,896 14.7%Two or More Races 6,095 3.7% 7,176 4.1% 8,182 4.5%

Hispanic Origin (Any Race) 50,511 30.4% 54,253 31.3% 58,706 32.1%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1.



AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual Rat

e (i

n pe

rcen

t) 2.5

2

1.5

1

0.5

0Population Households Families Owner HHs Median HH Income

20152020

Population by AgePopulation by Age

Perc

ent

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2015 Household Income 2015 Household Income

<$15K26.5%

$15K - $24K12.3%

$25K - $34K11.2%

$35K - $49K14.6%

$50K - $74K14.4%

$75K - $99K8.1%

$100K - $149K8.8%

$150K - $199K2.8%

$200K+1.2%

2015 Population by Race2015 Population by Race

Perc

ent

65605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+

2015 Percent Hispanic Origin: 31.3%




Summary Census 2010 2015 2020Population 1,151,405 1,204,159 1,265,843Households 420,682 443,468 468,470Families 258,230 270,668 285,057Average Household Size 2.69 2.67 2.66Owner Occupied Housing Units 86,862 89,722 93,809Renter Occupied Housing Units 333,820 353,746 374,661Median Age 32.4 33.3 34.5



<$15,000 97,348 22.0% 95,451 20.4%$15,000 - $24,999 53,448 12.1% 44,558 9.5%$25,000 - $34,999 49,416 11.1% 50,093 10.7%$35,000 - $49,999 59,655 13.5% 62,089 13.3%$50,000 - $74,999 70,438 15.9% 72,621 15.5%$75,000 - $99,999 40,708 9.2% 50,522 10.8%$100,000 - $149,999 42,763 9.6% 53,816 11.5%$150,000 - $199,999 17,642 4.0% 23,782 5.1%$200,000+ 12,026 2.7% 15,513 3.3%



0 - 4 83,415 7.2% 83,924 7.0% 88,182 7.0%5 - 9 75,381 6.5% 79,907 6.6% 76,171 6.0%10 - 14 75,772 6.6% 76,750 6.4% 77,232 6.1%15 - 19 84,290 7.3% 77,528 6.4% 74,562 5.9%20 - 24 98,608 8.6% 98,730 8.2% 91,738 7.2%25 - 34 209,021 18.2% 222,459 18.5% 236,575 18.7%35 - 44 159,067 13.8% 165,754 13.8% 185,321 14.6%45 - 54 146,753 12.7% 145,020 12.0% 147,271 11.6%55 - 64 108,907 9.5% 125,717 10.4% 137,566 10.9%65 - 74 63,912 5.6% 78,034 6.5% 92,091 7.3%75 - 84 34,056 3.0% 36,867 3.1% 44,055 3.5%

85+ 12,221 1.1% 13,467 1.1% 15,077 1.2%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 342,572 29.8% 365,752 30.4% 391,954 31.0%Black Alone 578,634 50.3% 580,306 48.2% 586,443 46.3%American Indian Alone 7,926 0.7% 7,982 0.7% 8,426 0.7%Asian Alone 39,276 3.4% 49,558 4.1% 62,701 5.0%Pacific Islander Alone 736 0.1% 818 0.1% 880 0.1%Some Other Race Alone 140,516 12.2% 150,944 12.5% 160,755 12.7%Two or More Races 41,744 3.6% 48,799 4.1% 54,684 4.3%





AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual Rat

e (i

n pe

rcen

t) 2.5

2

1.5

1

0.5


20152020


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K22.0%

$15K - $24K12.1%

$25K - $34K11.1%

$35K - $49K13.5%

$50K - $74K15.9% $75K - $99K

9.2%

$100K - $149K9.6%

$150K - $199K4.0%

$200K+2.7%


Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+





Summary Census 2010 2015 2020Population 2,750,334 2,853,838 2,981,025Households 1,040,596 1,085,461 1,138,050Families 610,585 632,561 660,879Average Household Size 2.59 2.58 2.57Owner Occupied Housing Units 279,172 285,182 294,982Renter Occupied Housing Units 761,424 800,279 843,068Median Age 34.2 35.0 36.2



<$15,000 186,697 17.2% 178,517 15.7%$15,000 - $24,999 114,654 10.6% 91,074 8.0%$25,000 - $34,999 106,449 9.8% 104,134 9.2%$35,000 - $49,999 133,799 12.3% 139,008 12.2%$50,000 - $74,999 177,426 16.3% 176,043 15.5%$75,000 - $99,999 112,575 10.4% 133,460 11.7%$100,000 - $149,999 128,051 11.8% 156,653 13.8%$150,000 - $199,999 62,839 5.8% 81,880 7.2%$200,000+ 62,921 5.8% 77,229 6.8%



0 - 4 178,427 6.5% 177,104 6.2% 184,588 6.2%5 - 9 159,963 5.8% 168,084 5.9% 161,056 5.4%10 - 14 157,820 5.7% 162,774 5.7% 162,109 5.4%15 - 19 179,775 6.5% 168,625 5.9% 162,634 5.5%20 - 24 226,419 8.2% 222,885 7.8% 210,263 7.1%25 - 34 509,885 18.5% 525,810 18.4% 552,986 18.6%35 - 44 395,208 14.4% 407,790 14.3% 439,858 14.8%45 - 54 359,163 13.1% 356,398 12.5% 359,966 12.1%55 - 64 284,431 10.3% 317,517 11.1% 339,597 11.4%65 - 74 164,581 6.0% 203,823 7.1% 241,877 8.1%75 - 84 95,111 3.5% 100,211 3.5% 119,465 4.0%

85+ 39,550 1.4% 42,816 1.5% 46,626 1.6%Census 2010 2015 2020

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 1,112,363 40.4% 1,145,672 40.1% 1,188,162 39.9%Black Alone 889,286 32.3% 884,267 31.0% 886,566 29.7%American Indian Alone 16,857 0.6% 16,887 0.6% 17,649 0.6%Asian Alone 337,782 12.3% 380,377 13.3% 434,320 14.6%Pacific Islander Alone 1,541 0.1% 1,688 0.1% 1,798 0.1%Some Other Race Alone 290,203 10.6% 308,261 10.8% 325,076 10.9%Two or More Races 102,301 3.7% 116,688 4.1% 127,454 4.3%





AreaStateUSA

Trends 2015-2020Trends 2015-2020

Ann

ual Rat

e (i

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rcen

t) 2.5

2

1.5

1

0.5


20152020


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K17.2%

$15K - $24K10.6%$25K - $34K

9.8%

$35K - $49K12.3%

$50K - $74K16.3%

$75K - $99K10.4%

$100K - $149K11.8%

$150K - $199K5.8%

$200K+5.8%


Perc

ent

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+



Site Map144 Ralph Ave, Brooklyn, New York, 11233Rings: 1, 3, 5 mile radii


Traffic Count Profile144 Ralph Ave, Brooklyn, New York, 11233Rings: 1, 3, 5 mile radii


Distance: Street: Closest Cross-street: Year of Count: Count:

0.09 Halsey St Patchen Ave (0.08 miles W) 2010 3,860

0.17 Putnam Ave Ralph Ave (0.08 miles E) 2005 3,300

0.20 Howard Ave Decatur St (0.02 miles S) 2002 4,900

0.21 Macon St Howard Ave (0.06 miles W) 2002 2,400

0.24 Putnam Ave Broadway (0.05 miles NE) 2010 2,494

0.27 Monroe St Patchen Ave (0.06 miles W) 2003 2,500

0.28 Patchen Ave Madison St (0.02 miles S) 1999 4,905

0.29 Saratoga Ave Macon St (0.02 miles S) 1998 5,451

0.29 Patchen Ave Chauncey St (0.02 miles S) 1995 5,360

0.29 Ralph Ave Marion St (0.02 miles S) 2003 10,655

0.32 Patchen Ave Monroe St (0.02 miles S) 1999 4,715

0.32 Marion St Ralph Ave (0.07 miles W) 2003 1,070

0.33 Reid Ave Hancock St (0.02 miles S) 1992 10,343

0.35 Ralph Ave Sumpter St (0.02 miles S) 2003 10,085

0.35 Monroe St Patchen Ave (0.08 miles E) 1992 2,343

0.36 Chauncey St Reid Ave (0.08 miles W) 1995 1,889

0.37 Howard Ave Sumpter St (0.02 miles S) 1999 5,052

0.37 Hancock St Reid Ave (0.04 miles E) 1992 2,250

0.38 Marion St Howard Ave (0.06 miles W) 1999 1,514

0.41 Reid Ave Chauncey St (0.02 miles S) 1992 12,257

0.41 Saratoga Ave Marion St (0.02 miles S) 2000 8,374

0.42 Reid Ave Monroe St (0.02 miles S) 2010 11,370

0.42 Sumpter St Howard Ave (0.07 miles W) 2003 1,373

0.44 Decatur St Stuyvesant Ave (0.08 miles W) 2006 2,100

0.45 Marion St Saratoga Ave (0.03 miles W) 2000 1,850

0.45 Saratoga Ave Sumpter St (0.02 miles S) 2003 8,575

0.45 Ralph Ave Macdougal St (0.03 miles N) 2010 10,580

0.46 Howard Ave Macdougal St (0.02 miles N) 2010 2,736

0.46 Chauncey St Reid Ave (0.05 miles E) 1992 1,697

0.46 Fulton St Rochester Ave (0.01 miles E) 2010 14,349

Data Note:The Traffic Profile displays up to 30 of the closest available traffic counts within the largest radius around your site. The years of the counts in the database range from 2014 to 1963.

Financial Expenditures144 Ralph Ave, Brooklyn, New York, 11233Ring: 1 mile radius


Demographic Summary 2015 2020Population 173,520 182,641Households 64,152 67,755Families 40,152 42,391Median Age 33.2 34.9Median Household Income $34,927 $38,344

Spending Potential Average AmountIndex Spent Total

AssetsMarket Value

Checking Accounts 60 $6,347.05 $407,175,799Savings Accounts 54 $6,142.74 $394,068,986U.S. Savings Bonds 100 $344.30 $22,087,424Stocks, Bonds & Mutual Funds 54 $18,249.44 $1,170,738,264

Annual ChangesChecking Accounts -5 -$4.77 -$306,021Savings Accounts -3 -$8.48 -$543,889U.S. Savings Bonds 60 -$20.62 -$1,322,931

EarningsDividends, Royalties, Estates, Trusts 51 $442.15 $28,364,699Interest from Savings Accounts or Bonds 52 $363.46 $23,316,835

Retirement Plan Contributions 50 $731.90 $46,952,829

LiabilitiesOriginal Mortgage Amount 44 $6,224.86 $399,337,466Vehicle Loan Amount 1 54 $1,224.57 $78,558,808Amount Paid: Interest

Home Mortgage 49 $2,011.80 $129,060,803Lump Sum Home Equity Loan 67 $52.21 $3,349,429New Car/Truck/Van Loan 55 $78.71 $5,049,715Used Car/Truck/Van Loan 55 $80.65 $5,174,160

Amount Paid: PrincipalHome Mortgage 50 $1,081.56 $69,383,931Lump Sum Home Equity Loan 63 $65.91 $4,228,109New Car/Truck/Van Loan 54 $505.31 $32,416,823Used Car/Truck/Van Loan 52 $399.14 $25,605,341

Checking Account and Banking Service Charges 79 $24.50 $1,571,816Finance Charges, excluding Mortgage/Vehicle 72 $164.11 $10,527,682

Data Note: The Spending Potential Index (SPI) is household-based, and represents the amount spent for a product or service relative to a national average of 100. Detail may not sum to totals due to rounding. Annual change may be negative. 1 Vehicle Loan Amount is the amount of a loan for a car, truck, van, boat, camper, motorcycle, motor scooter, or moped, excluding interest.Source: Consumer Spending data are derived from the 2011 and 2012 Consumer Expenditure Surveys, Bureau of Labor Statistics.



Demographic Summary 2015 2020Population 1,204,159 1,265,843Households 443,468 468,470Families 270,668 285,057Median Age 33.3 34.5Median Household Income $39,359 $44,667


AssetsMarket Value

Checking Accounts 71 $7,519.92 $3,334,844,762Savings Accounts 65 $7,336.94 $3,253,699,929U.S. Savings Bonds 110 $380.48 $168,732,243Stocks, Bonds & Mutual Funds 65 $21,942.79 $9,730,923,764

Annual ChangesChecking Accounts 25 $25.23 $11,186,535Savings Accounts 13 $37.11 $16,455,160U.S. Savings Bonds 80 -$27.61 -$12,245,976


Retirement Plan Contributions 62 $905.17 $401,414,951

LiabilitiesOriginal Mortgage Amount 55 $7,814.02 $3,465,268,109Vehicle Loan Amount 1 65 $1,480.67 $656,631,732Amount Paid: Interest

Home Mortgage 59 $2,429.31 $1,077,322,264Lump Sum Home Equity Loan 74 $57.89 $25,672,571New Car/Truck/Van Loan 64 $92.56 $41,045,505Used Car/Truck/Van Loan 67 $97.31 $43,155,647

Amount Paid: PrincipalHome Mortgage 59 $1,279.08 $567,230,108Lump Sum Home Equity Loan 69 $72.56 $32,179,963New Car/Truck/Van Loan 64 $595.66 $264,154,999Used Car/Truck/Van Loan 63 $481.77 $213,649,238





Demographic Summary 2015 2020Population 2,853,838 2,981,025Households 1,085,461 1,138,050Families 632,561 660,879Median Age 35.0 36.2Median Household Income $50,105 $56,129


AssetsMarket Value

Checking Accounts 93 $9,869.90 $10,713,390,647Savings Accounts 86 $9,724.69 $10,555,766,611U.S. Savings Bonds 138 $474.48 $515,025,125Stocks, Bonds & Mutual Funds 87 $29,457.81 $31,975,307,941

Annual ChangesChecking Accounts 58 $57.65 $62,580,456Savings Accounts 35 $102.93 $111,731,668U.S. Savings Bonds 111 -$38.30 -$41,571,978


Retirement Plan Contributions 84 $1,228.90 $1,333,925,966

LiabilitiesOriginal Mortgage Amount 76 $10,670.25 $11,582,136,193Vehicle Loan Amount 1 84 $1,911.43 $2,074,784,312Amount Paid: Interest

Home Mortgage 79 $3,232.47 $3,508,718,144Lump Sum Home Equity Loan 94 $73.43 $79,705,546New Car/Truck/Van Loan 83 $118.71 $128,859,528Used Car/Truck/Van Loan 85 $123.59 $134,153,149

Amount Paid: PrincipalHome Mortgage 78 $1,692.97 $1,837,651,924Lump Sum Home Equity Loan 88 $91.59 $99,412,745New Car/Truck/Van Loan 82 $766.60 $832,114,252Used Car/Truck/Van Loan 81 $612.86 $665,234,540



Business Summary144 Ralph Ave, Brooklyn, New York, 11233Rings: 1, 3, 5 mile radii


Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 5,236 39,762 114,704Total Employees: 64,845 410,771 1,304,948Total Residential Population: 173,520 1,204,159 2,853,838Employee/Residential Population Ratio: 0.37:1 0.34:1 0.46:1

Employees Employees Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 10 0.2% 34 0.1% 137 0.3% 691 0.2% 480 0.4% 3,107 0.2%Construction 173 3.3% 1,447 2.2% 1,867 4.7% 12,402 3.0% 5,861 5.1% 44,797 3.4%Manufacturing 113 2.2% 2,132 3.3% 1,212 3.0% 20,451 5.0% 3,310 2.9% 59,167 4.5%Transportation 105 2.0% 1,103 1.7% 1,006 2.5% 11,254 2.7% 3,019 2.6% 41,677 3.2%Communication 38 0.7% 376 0.6% 379 1.0% 6,304 1.5% 1,218 1.1% 15,409 1.2%Utility 3 0.1% 53 0.1% 63 0.2% 1,621 0.4% 184 0.2% 7,803 0.6%Wholesale Trade 180 3.4% 1,528 2.4% 1,868 4.7% 17,648 4.3% 4,646 4.1% 43,643 3.3%

Retail Trade Summary 1,382 26.4% 10,336 15.9% 11,468 28.8% 74,720 18.2% 31,724 27.7% 247,598 19.0%Home Improvement 30 0.6% 361 0.6% 360 0.9% 2,813 0.7% 940 0.8% 7,985 0.6%General Merchandise Stores 50 1.0% 243 0.4% 496 1.2% 3,292 0.8% 1,068 0.9% 11,740 0.9%Food Stores 225 4.3% 1,012 1.6% 1,904 4.8% 11,678 2.8% 4,364 3.8% 32,462 2.5%Auto Dealers, Gas Stations, Auto Aftermarket 26 0.5% 113 0.2% 382 1.0% 1,800 0.4% 993 0.9% 8,030 0.6%Apparel & Accessory Stores 179 3.4% 2,082 3.2% 1,208 3.0% 8,157 2.0% 3,626 3.2% 29,544 2.3%Furniture & Home Furnishings 87 1.7% 596 0.9% 832 2.1% 5,167 1.3% 2,630 2.3% 20,113 1.5%Eating & Drinking Places 436 8.3% 4,133 6.4% 3,840 9.7% 29,771 7.2% 10,791 9.4% 95,328 7.3%Miscellaneous Retail 351 6.7% 1,795 2.8% 2,445 6.1% 12,040 2.9% 7,311 6.4% 42,396 3.2%

Finance, Insurance, Real Estate Summary 727 13.9% 6,271 9.7% 4,217 10.6% 47,400 11.5% 12,864 11.2% 164,171 12.6%Banks, Savings & Lending Institutions 156 3.0% 922 1.4% 1,070 2.7% 6,160 1.5% 3,019 2.6% 23,258 1.8%Securities Brokers 228 4.4% 2,915 4.5% 672 1.7% 16,429 4.0% 1,975 1.7% 43,765 3.4%Insurance Carriers & Agents 39 0.7% 282 0.4% 325 0.8% 7,854 1.9% 1,427 1.2% 46,194 3.5%Real Estate, Holding, Other Investment Offices 303 5.8% 2,152 3.3% 2,151 5.4% 16,956 4.1% 6,444 5.6% 50,955 3.9%

Services Summary 2,156 41.2% 39,423 60.8% 15,069 37.9% 201,898 49.2% 44,161 38.5% 585,883 44.9%Hotels & Lodging 17 0.3% 355 0.5% 119 0.3% 2,900 0.7% 420 0.4% 12,322 0.9%Automotive Services 93 1.8% 354 0.5% 1,062 2.7% 3,810 0.9% 2,890 2.5% 13,116 1.0%Motion Pictures & Amusements 120 2.3% 2,725 4.2% 774 1.9% 7,053 1.7% 2,579 2.2% 25,814 2.0%Health Services 183 3.5% 3,663 5.6% 1,486 3.7% 45,672 11.1% 4,975 4.3% 121,654 9.3%Legal Services 166 3.2% 3,126 4.8% 753 1.9% 11,816 2.9% 3,507 3.1% 39,152 3.0%Education Institutions & Libraries 133 2.5% 6,224 9.6% 1,071 2.7% 43,398 10.6% 2,862 2.5% 111,091 8.5%Other Services 1,444 27.6% 22,975 35.4% 9,803 24.7% 87,249 21.2% 26,928 23.5% 262,734 20.1%

Government 35 0.7% 1,668 2.6% 275 0.7% 12,936 3.1% 1,116 1.0% 80,550 6.2%

Unclassified Establishments 315 6.0% 475 0.7% 2,201 5.5% 3,446 0.8% 6,120 5.3% 11,142 0.9%

Totals 5,236 100.0% 64,845 100.0% 39,762 100.0% 410,771 100.0% 114,704 100.0% 1,304,948 100.0%Source: Copyright 2015 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2015.

Business Summary144 Ralph Ave, Brooklyn, New York, 11233Rings: 1, 3, 5 mile radii


Businesses Employees Businesses Employees Businesses Employeesby NAICS Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture, Forestry, Fishing & Hunting 3 0.1% 12 0.0% 27 0.1% 110 0.0% 76 0.1% 283 0.0%Mining 0 0.0% 0 0.0% 18 0.0% 69 0.0% 36 0.0% 208 0.0%Utilities 2 0.0% 49 0.1% 14 0.0% 584 0.1% 78 0.1% 6,347 0.5%Construction 192 3.7% 1,605 2.5% 2,029 5.1% 15,644 3.8% 6,273 5.5% 50,779 3.9%Manufacturing 97 1.9% 759 1.2% 1,332 3.3% 16,865 4.1% 3,461 3.0% 46,657 3.6%Wholesale Trade 173 3.3% 1,515 2.3% 1,771 4.5% 17,003 4.1% 4,436 3.9% 42,369 3.2%Retail Trade 917 17.5% 6,017 9.3% 7,316 18.4% 42,900 10.4% 19,993 17.4% 145,417 11.1%

Motor Vehicle & Parts Dealers 20 0.4% 97 0.1% 274 0.7% 1,341 0.3% 717 0.6% 6,937 0.5%Furniture & Home Furnishings Stores 36 0.7% 243 0.4% 394 1.0% 2,203 0.5% 1,147 1.0% 7,077 0.5%Electronics & Appliance Stores 55 1.1% 345 0.5% 420 1.1% 2,948 0.7% 1,375 1.2% 12,853 1.0%Bldg Material & Garden Equipment & Supplies Dealers 30 0.6% 361 0.6% 360 0.9% 2,813 0.7% 940 0.8% 7,985 0.6%Food & Beverage Stores 221 4.2% 914 1.4% 1,781 4.5% 9,973 2.4% 3,888 3.4% 27,160 2.1%Health & Personal Care Stores 88 1.7% 635 1.0% 698 1.8% 4,138 1.0% 1,916 1.7% 13,071 1.0%Gasoline Stations 6 0.1% 16 0.0% 108 0.3% 459 0.1% 277 0.2% 1,093 0.1%Clothing & Clothing Accessories Stores 245 4.7% 2,520 3.9% 1,451 3.6% 9,645 2.3% 4,604 4.0% 34,569 2.6%Sport Goods, Hobby, Book, & Music Stores 32 0.6% 173 0.3% 307 0.8% 1,691 0.4% 952 0.8% 6,754 0.5%General Merchandise Stores 50 1.0% 243 0.4% 496 1.2% 3,292 0.8% 1,068 0.9% 11,740 0.9%Miscellaneous Store Retailers 126 2.4% 427 0.7% 911 2.3% 3,746 0.9% 2,771 2.4% 12,714 1.0%Nonstore Retailers 9 0.2% 43 0.1% 116 0.3% 650 0.2% 339 0.3% 3,466 0.3%

Transportation & Warehousing 78 1.5% 878 1.4% 794 2.0% 9,865 2.4% 2,306 2.0% 35,433 2.7%Information 131 2.5% 4,215 6.5% 960 2.4% 18,645 4.5% 3,277 2.9% 50,482 3.9%Finance & Insurance 445 8.5% 4,375 6.7% 2,167 5.4% 31,237 7.6% 6,616 5.8% 115,575 8.9%

Central Bank/Credit Intermediation & Related Activities 160 3.1% 918 1.4% 1,100 2.8% 6,222 1.5% 3,059 2.7% 23,175 1.8%Securities, Commodity Contracts & Other Financial Investments & Other Related Activities

241 4.6% 3,156 4.9% 729 1.8% 16,961 4.1% 2,103 1.8% 44,849 3.4%Insurance Carriers & Related Activities; Funds, Trusts & Other Financial Vehicles

43 0.8% 301 0.5% 338 0.9% 8,054 2.0% 1,454 1.3% 47,551 3.6%Real Estate, Rental & Leasing 296 5.7% 1,863 2.9% 2,194 5.5% 14,217 3.5% 6,714 5.9% 46,173 3.5%Professional, Scientific & Tech Services 520 9.9% 18,719 28.9% 3,071 7.7% 47,081 11.5% 11,430 10.0% 149,706 11.5%

Legal Services 171 3.3% 3,434 5.3% 783 2.0% 12,344 3.0% 3,647 3.2% 40,464 3.1%Management of Companies & Enterprises 19 0.4% 127 0.2% 82 0.2% 2,808 0.7% 198 0.2% 5,764 0.4%Administrative & Support & Waste Management & Remediation Services

167 3.2% 1,126 1.7% 1,401 3.5% 9,721 2.4% 4,522 3.9% 35,415 2.7%Educational Services 142 2.7% 5,972 9.2% 1,156 2.9% 42,587 10.4% 3,204 2.8% 110,500 8.5%Health Care & Social Assistance 374 7.1% 5,794 8.9% 2,587 6.5% 60,467 14.7% 7,451 6.5% 165,604 12.7%Arts, Entertainment & Recreation 89 1.7% 854 1.3% 552 1.4% 5,210 1.3% 1,802 1.6% 19,961 1.5%Accommodation & Food Services 463 8.8% 4,552 7.0% 4,051 10.2% 33,448 8.1% 11,507 10.0% 110,523 8.5%

Accommodation 17 0.3% 355 0.5% 119 0.3% 2,900 0.7% 420 0.4% 12,322 0.9%Food Services & Drinking Places 445 8.5% 4,197 6.5% 3,932 9.9% 30,548 7.4% 11,087 9.7% 98,201 7.5%

Other Services (except Public Administration) 780 14.9% 4,268 6.6% 5,754 14.5% 25,843 6.3% 14,049 12.2% 75,392 5.8%Automotive Repair & Maintenance 64 1.2% 240 0.4% 730 1.8% 2,222 0.5% 1,823 1.6% 7,987 0.6%

Public Administration 35 0.7% 1,668 2.6% 276 0.7% 12,942 3.2% 1,128 1.0% 80,903 6.2%

Unclassified Establishments 315 6.0% 478 0.7% 2,211 5.6% 3,525 0.9% 6,148 5.4% 11,455 0.9%

Total 5,236 100.0% 64,845 100.0% 39,762 100.0% 410,771 100.0% 114,704 100.0% 1,304,948 100.0%Source: Copyright 2015 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2015.

7428 Fifth Avenue, Brooklyn, NY 11209 (718)921-3100 www.cbrcd.com

This offering has been prepared solely for informational purposes. It is designed to assist a potential tenant in determining whether it wishes to proceed with an in- depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Reliable Commercial Division or by Ownership.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of Coldwell Banker Reliable Commercial Division or the property Ownership.

Interested lessees should be aware that the lessor is leasing the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to lease, as appropriate, lessee will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the lessee’s choosing.

The Owner reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to lease or purchase must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in aformal written contract to lease or purchase and prepared by the Owner or theirrepresentatives and executed by both parties; and (iii) approved by the Owner andsuch other parties who may have an interest in the Property. Neither theprospective tenant or purchaser nor Owner shall be bound until execution of aformal lease or contract of sale, which contract shall supersede prior discussionsand writings and shall constitute the sole agreement of the parties.

Prospective tenants or purchasers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.

Bedford Stuyvesant Multi-Family Home for Sale / 144 Ralph Avenue, Brooklyn, NY

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Transcript of Bedford Stuyvesant Multi-Family Home for Sale / 144 Ralph Avenue, Brooklyn, NY