This Mid-Century Bronx Elevator Building Has Been with the Same Family Since It Was Built 71 Years Ago - a 175 Footer with Large Apartments in Bedford Park

Home , Jerome Avenue, Webster Avenue

Exclusively Listed by RM Friedland LLC Page 1 of 6 60 $759K FIRST SALE LEGACY MID-CENTURY $314K Total Gross NOI IN 71 YEARS ASSET ELEVATOR BUILDING Units Income This Mid-Century Bronx Elevator Building Has Been With The Same Family Since It Was Built 71 Years Ago - A 175 Footer With Large Apartments in Bedford Park -

2771 Bainbridge Ave, Bronx, NY 10458 (Parcel #: 03295-0070)

Bedford Park Team Lala of RM Friedland is pleased to present this 175 foot wide mid-century Neighborhood in the elevator building in the Bronx's Bedford Park neighborhood. The property consists of 60 North Bronx residential apartments and is located on the west side of Bainbridge Avenue just south of East 197th Street. Estimated 1,078 Square Foot This stable, dignified and well maintained asset has been in the same family since it Average Unit Size was constructed in 1949. Features include: steel and glass entrance, terrazzo lobby floors, steel and terrazzo Fordham Road Shopping stairs, attractive and clean lobby with fireplace decor, boiler running on #4 oil, a dual & Transportation fuel capable burner, a 5,000 gallon above ground oil tank, sprinklers in compacter and laundry rooms, three washing machines and three dryers. Tenants enjoy a 30 minute commute to midtown Manhattan via the Metro North 30 Minutes to Midtown Fordham Station and there is an MTA D train station located a 5-10 minute walk from Manhattan via Metro North the subject property at Kingsbridge Road and the Grand Concourse. Fordham Road - also a short walk for tenants - is home to the largest shopping hub in the Bronx (NYC's Residential Rents @ third largest). From Webster Avenue to Jerome Avenue, hundreds of stores provide a $343 /month /room variety of goods and services - from mom-and-pop shops to the convenience of big box $1,070 /month /unit stores.

------CONTACT EXCLUSIVE AGENTS ------

Marco Lala • 914.380.3806 Jack Lala • 914.363.7903 [email protected] [email protected]

Dave Raciti • 914.775.7322 Michelle Lala • 914.861.3183 [email protected] [email protected]

TeamLalaCRE.com Exclusively Listed by RM Friedland LLC Page 2 of 6

FINANCIAL 2771 Bainbridge Ave, Bronx, NY 10458 SUMMARY (Parcel #: 03295-0070)

BUILDING DETAILS BUILDING SQUARE FEET 60 Total Units 73,500 Gross SF 60 Residential Apts, No Retail Spaces No Est. Retail SF Dimensions: 175 ft x 70 ft 1,078 SF Avg. Res. Apt. 1 Buildings, 6 Stories, 1949 est. 12% common area loss Elevator Apartment, Semi-fireproof without Stores, (D1)

PARCEL SIZE ZONING For Pricing Guidance Call Marco 17,500 Square Feet R7B, R6B Zone Lala @ 914-380-3806 175 ft x 100 ft 3.0 Max FAR

$759K INCOME Current Gross Scheduled Income (GSI) 759,488 Gross Income less 3% Vacancy Allowance (22,785) Gross Operating Income (GOI) 736,704 $314K less expenses (423,106) NOI Net Operating Income 313,598 Capitalization Rate #VALUE! 73,500 Total SF ESTIMATED ANNUALIZED EXPENSES 60 RE Tax $2,035 / unit (122,079) Total Units Water & Sewer $975 / res. u (58,500) Insurance $600 / res. u (36,000) Residential Rents @ Heat $1,083 / res. u #4 Oil (65,000) $343 /month /room Utilities $0.25 / sq. ft. (18,375) $1,070 /month /unit Repairs/Maintenance $550 / unit (33,000) Payroll $950 / res. u Union (57,000) FINANCING SCENARIO Year 1 Legal, Reserves & Misc. 1.5% of GOI (11,051) *Illustration only, without appreciation Management 3.0% of GOI (22,101) Interest Rate 3.750% Total Expenses 56% of GSI or $5.76/SF or $7,052/u (423,106) Amortization 30 years #VALUE! #VALUE! #VALUE! #VALUE! UNIT MIX CURRENT MONTHLY INCOME Annual Debt Service #VALUE! TYPE COUNT /ROOM /UNIT MIN MAX TOTAL DSCR #VALUE! Cash Flow #VALUE! 2.0 rm 5 529 1,059 771 1,264 5,294 Principal Recapture #VALUE! 3.0 rm 42 353 1,060 721 1,500 44,507 4.0 rm 12 278 1,112 686 1,585 13,340 CASH ON CASH RETUR Year 1 Super 1 0 Typical Return #VALUE! Laundry 150 Self Mgmt. & 100% Occupied #VALUE!

TOTAL RETURN Year 1 Typical Return #VALUE! Total Units 60 Total Monthly Income $63,291 Self Mgmt. & 100% Occupied #VALUE! Residential Rents @ $343 /room, $1,070 /unit

------CONTACT EXCLUSIVE AGENTS ------Marco Lala • 914.380.3806 Jack Lala • 914.363.7903 [email protected] [email protected]

Dave Raciti • 914.775.7322 Michelle Lala • 914.861.3183 [email protected] [email protected]

TeamLalaCRE.com 2771 Bainbridge Avenue - Offering Summary Images, Maps Page 3 of 6

RMFriedland LLC Investment Sales 2771 Bainbridge Avenue - Offering Summary Images, Maps Page 4 of 6

RMFriedland LLC Investment Sales 2771 Bainbridge Avenue - Offering Summary Images, Maps Page 5 of 6

RMFriedland LLC Investment Sales 2771 Bainbridge Avenue - Offering Summary Rent Roll Page 6 of 6 Unit Legal Rent Scheduled Rent Unit Rent Lease Name Type + Any Charges * P = Projected Size Metrics Expiration Notes 2771 Bainbridge 1A stabilized $1,300.00 $1,300.00 3.0 rms $433/rm/mo Apr-2021 1B stabilized $822.34 $822.34 3.0 rms $274/rm/mo Nov-2020 SCRIE $213.08 1C stabilized $1,228.53 $1,228.53 4.0 rms $307/rm/mo Mar-2020 1D stabilized $1,208.16 $1,208.16 3.5 rms $345/rm/mo Sep-2021 DRIE $52.58 1F stabilized $1,152.60 $1,152.60 3.5 rms $329/rm/mo Sep-2021 SEC8 $1.053.60 1G stabilized $989.78 $989.78 3.5 rms $283/rm/mo Mar-2021 1H stabilized $1,345.24 $1,345.24 4.0 rms $336/rm/mo Oct-2021 Sec8 1,215 1J stabilized $1,440.42 $1,278.24 3.0 rms $426/rm/mo 1K stabilized $1,253.69 $1,253.69 3.0 rms $418/rm/mo 2A stabilized $1,540.32 $1,000.00 3.0 rms $333/rm/mo Aug-2020 2B stabilized $1,160.05 $1,150.29 3.0 rms $383/rm/mo Sep-2020 2C stabilized $686.43 $686.43 4.5 rms $153/rm/mo Jul-2021 2D stabilized $992.82 $992.82 3.5 rms $284/rm/mo Jun-2020 2E stabilized $1,130.46 $1,130.46 2.5 rms $452/rm/mo Aug-2020 2F stabilized $1,309.62 $1,309.62 3.5 rms $374/rm/mo Apr-2021 HASA 2G stabilized $1,039.79 $974.86 3.5 rms $279/rm/mo Feb-2020 2H stabilized $994.33 $994.33 4.0 rms $249/rm/mo Oct-2020 2J stabilized $867.82 $867.82 3.0 rms $289/rm/mo Oct-2021 2K stabilized $1,000.26 $1,000.26 3.0 rms $333/rm/mo Feb-2022 SEC8 $181.26 3A stabilized $816.42 $816.42 3.0 rms $272/rm/mo Feb-2022 SCRIE $31.70 3B stabilized $1,007.16 $1,007.16 3.0 rms $336/rm/mo Oct-2021 3C stabilized $1,184.43 $1,184.43 4.5 rms $263/rm/mo May-2021 SCRIE $43.37 3D stabilized $1,035.98 $1,035.98 3.5 rms $296/rm/mo Oct-2020 SEC8 $492.98 3E stabilized $770.58 $770.58 2.0 rms $385/rm/mo Jul-2020 3F stabilized $1,402.51 $1,251.10 3.5 rms $357/rm/mo Oct-2020 3G stabilized $870.56 $870.56 3.5 rms $249/rm/mo Aug-2020 3H stabilized $951.07 $951.07 4.0 rms $238/rm/mo Oct-2020 3J stabilized $1,037.97 $1,037.97 3.0 rms $346/rm/mo Mar-2020 3K stabilized $954.14 $954.14 3.0 rms $318/rm/mo Jul-2020 SCRIE $450 4A stabilized $1,172.27 $1,172.27 3.0 rms $391/rm/mo Jun-2021 Sec8 $1,001.27 4B stabilized $1,069.03 $1,069.03 3.0 rms $356/rm/mo May-2020 4C stabilized $1,238.21 $1,238.21 4.5 rms $275/rm/mo Nov-2020 4D stabilized $1,063.51 $1,063.51 3.5 rms $304/rm/mo Feb-2021 4E stabilized $1,154.24 $1,154.24 2.0 rms $577/rm/mo Apr-2020 4F stabilized $1,099.44 $1,099.44 3.5 rms $314/rm/mo Oct-2021 4G stabilized $1,068.32 $1,068.32 3.5 rms $305/rm/mo Jan-2022 4H stabilized $1,584.84 $1,584.84 4.0 rms $396/rm/mo Apr-2020 SEC8 4J stabilized $1,125.57 $1,125.57 3.0 rms $375/rm/mo Jul-2020 4K stabilized $833.06 $833.06 3.0 rms $278/rm/mo Apr-2020 5A stabilized $1,154.10 $1,154.10 3.0 rms $385/rm/mo May-2020 5B stabilized $847.63 $847.63 3.0 rms $283/rm/mo Jan-2022 5C stabilized $1,395.59 $1,174.88 4.5 rms $261/rm/mo Jan-2022 5D stabilized $969.42 $969.42 3.5 rms $277/rm/mo Jul-2021 HASA 5E stabilized $1,264.06 $1,264.06 2.0 rms $632/rm/mo Dec-2021 5F stabilized $1,119.53 $1,119.53 3.5 rms $320/rm/mo Oct-2020 5G stabilized $1,064.09 $1,064.09 3.5 rms $304/rm/mo Jul-2020 5H stabilized $983.67 $983.67 4.0 rms $246/rm/mo Apr-2021 5J stabilized $1,287.09 $1,287.09 3.0 rms $429/rm/mo Aug-2021 SEC8 $1,115.09 5K stabilized $1,284.79 $1,284.79 3.0 rms $428/rm/mo Dec-2020 SEC8 $1,281.79 6A stabilized $1,213.89 $1,213.89 3.0 rms $405/rm/mo Oct-2021 SEC8 $1,048.89 6B stabilized $720.50 $720.50 3.0 rms $240/rm/mo Feb-2022 6C stabilized $995.20 $995.20 4.5 rms $221/rm/mo Jan-2022 6D stabilized $999.98 $999.98 3.5 rms $286/rm/mo Mar-2021 6E stabilized $974.40 $974.40 2.0 rms $487/rm/mo Nov-2020 6F stabilized $847.11 $847.11 3.5 rms $242/rm/mo Dec-2020 SEC8 $695.11 6G stabilized $1,068.60 $1,068.60 3.5 rms $305/rm/mo Mar-2020 6H stabilized $972.97 $972.97 4.0 rms $243/rm/mo Jul-2020 6J stabilized $725.42 $725.42 3.0 rms $242/rm/mo Apr-2020 6K stabilized $1,500.00 $1,500.00 3.0 rms $500/rm/mo Oct-2020 Laundry Laundry $150.00 $150.00 Bsmt Super $0.00 4.5 rms Other $0.00 TOTAL 60 Units $64,440.01 $63,290.70 200.5 rms $322/rm/mo Scheduled Annual Rent: $759,488

RMFriedland LLC Investment Sales