552 Grandview Avenue Queens, NY 11385

Asking Price: $1,900,000

RIDGEWOOD MIXED-USE BUILDING FOR SALE

Tax Map Property Facts CROSS STREETS: Corner of Grandview Ave & Bleeker St BLOCK_LOT: 3383_41 LOT DIMENSIONS: 25.02’ x 95.08’ LOT SF: 2,379 SF * FLOORS: 2 BUILDING SF: 3,875 SF * RESIDENTIAL UNITS: 2 COMMERCIAL UNITS: 1 ZONING: R6B COMMERCIAL FAR: 2.0 TOTAL BUILDABLE SF: 4,758 SF * AVAILABLE AIR RIGHTS: 883’ SF * Transportation Map ASSESSMENT (19/20): $261,000 TAXES (19/20): $19,076

*Approximately

Transportation 1 block away from the Q54 bus 5 blocks away from the B13 bus 4 blocks away from the B38 bus Close proximity to the M subway staion

For Further Information, Please Contact Exclusive Sales Team: Sean Sears | 718.687.4227 | [email protected] Dillon Marchello | 718.687.4220 | [email protected]

All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. It is strongly urged that the prospective purchaser/tenant carefully verify each item of size. RE Taxes, permitted legal use, and other information presented herein.

81 WILLOUGHBY STREET, 8TH FLOOR, BROOKLYN, NY 11201 P: 718.935.1800 CPEXRE.COM 552 Grandview Avenue, Queens, NY 11385

Asking Price: $1,900,000

Rent Roll

ACTUAL ACTUAL PROJECTED PROJECTED LEASE ACTUAL PROJECTED FLOOR USE TENTANT BR SF MONTHLY ANNUAL MONTHLY ANNUAL EXPIRATION PPSF PPSF RENT RENT RENT RENT Ground Floor Retail Bar N/A 2,375 2025 $27 $5,464 $65,568 $27 $5,600 $63,600 2nd Floor Residential Apt #1 2 700 2018 $37 $2,150 $25,800 $39 $2,300 $27,600 2nd Floor Residential Apt #2 3* 800 2018 $37 $2,645 $31,740 $42 $2,800 $33,600 3,875 $10,259 $123,108 $124,800

* 3 bedroom can be converted into 4 bedroom

Expenses Location Map

REVENUE Gross Commercial Income $65,568 Gross Residential Income $57,540 Tenant Contributions $19,478 Gross Annual Income $142,586

PROJECTED EXPENSES 552 Grandview Ave Real Estate Taxes (19/20) (*see me below) $19,076 Water/Sewer (*see me below) $1,800 Insurance $4,000 Heat & Hot Water (*see me below) Electric (common area) (*see me below) Repairs & Maintenance $2,500 Total Expenses $27,376 SUMMARY Net Operating Income (NOI) $115,210 Capitalization Rate 6% Projected Per Square Foot $490

* Commercial tenant currently pays 77.5% Real Estate Taxes in addition to 61% of the total Water/Sewer expense. All tenants are separately metered and pay individual Heat & Hot Water expenses, in addition to electric expenses.

For Further Information, Please Contact Exclusive Sales Team: Sean Sears | 718.687.4227 | [email protected] Dillon Marchello | 718.687.4220 | [email protected]

All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. It is strongly urged that the prospective purchaser/tenant carefully verify each item of size. RE Taxes, permitted legal use, and other information presented herein.

81 WILLOUGHBY STREET, 8TH FLOOR, BROOKLYN, NY 11201 P: 718.935.1800 CPEXRE.COM