gfi realty exclusive offering 1876A , NY newly renovatEd mixed-use asset located on the fulton street commercial corridor appx 6,480 sf of air rights available located on a major commercial corridor avg traffic counts 10,000-25,000 vehicles per day TRANSACTION OVERVIEW 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

FI Realty Services is pleased to present the exclusive offering of 1876A Fulton Street, Ga (2)-story mixed-use asset comprised of two residential units and a ground floor commercial space, located in the Bedford-Stuyvesant section of Brooklyn between Buffalo and Ralh Avenues. The property was constructed in 1925 and totals 1,920 square-feet. The units are configured as a studio and a (2)-bedroom apartment. The commercial unit is occupied by a restaurant. There are approximately 6,480 square- feet of air rights available.

The property was recently gut renovated; the units are completed with modern finishes and hardwood floors.

The restaurant has a five-year lease in-place; started 2018 and expires 2023.

The property is located on a major commercial corridor surrounded by countless national and local retailers. The traffic counts average between 10,000-25,000 vehicles per day.

Bedford-Stuyvesant is an area that continues to attract new residents and investors. Additionally, new eateries and boutiques are opening up all along all the major commercial corridors.

The property is easily accessible to via the A & C subway lines located just a block away.

Layout: 1/2; 1/4 = 6 Total Rooms

Block/Lot: 1704/6

Assessment: $11,493

Year Built: 1925

Lot Size: 16 x 125

Built Size: 16 x 60 (approx. 1,920 sf)

Zoning: R7D, R6B, C2-4

FAR: 4.2

FAR As Built: 0.96

Tax Class: 1

Mortgage: Delivered free and clear.

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 3 |transaction overview without notice PROPERTY PHOTOS 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

 Modern Finishes

 Stainless Steel Appliances

 Hardwood Flooring Throughout

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 4 |transaction overview without notice AERIAL 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 5 |transaction overview without notice 5 TAX LOT MAP 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 6 |transaction overview without notice FINANCIALS 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT income & Expenses rent roll

Income Unit Rent Size LXP Apartments $ 37,800 1 $ 1,400.00 2 Commercial $ 42,960 2 $ 1,750.00 4 Comm. $ 3,580.00 2023 Effective Gross Income $ 80,760 Total Mthly Inc. $ 6,730.00 Estimated Expenses Total Yrly Inc. $ 80,760.00 Real Estate Taxes (19/20) $ 2,404 Water/Sewer $ 800 Fuel (Gas) $ 2,000 Electric Paid By Tenant Insurance $ 2,500 Payroll $ 850 Repairs, Maintenance & Misc. $ 1 ,200

Total Expenses $ 9,754

NOI $ 71,006

Asking Price: $1,375,000

Apartments: 2 Rooms: 6 Avg. Rent Per Apt. $ 1,575 Avg. Rent Per Room $ 525 Price Per SF: $ 716 GRM: 17.0 x RR CAP Rate: 5.2%

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 7 |financial summary without notice 7 MARKETPLACE OVERVIEW 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

edford–Stuyvesant (colloquially known as Bed– frieze and cornice banding. Many would-be home Stuy) is a neighborhood in the north-central B buyers from other parts of Brooklyn and New York portion of the borough of Brooklyn. City, priced out of other brownstone Brooklyn Bedford–Stuyvesant is bordered by Flushing neighborhoods, have found incredible values in Avenue to the north (bordering Williamsburg), turn-of-the-20th-century brownstones in Bedford- Classon Avenue to the west (bordering Clinton Hill), Stuyvesant. to the east (bordering Bushwick and East New York), and Atlantic Avenue to the south Bedford–Stuyvesant is served by several bus routes (bordering Crown Heights and Brownsville). The operated by MTA Regional Bus Operations. The B7, main shopping street, Fulton Street runs east–west , B43, , B44 SBS, , B46 SBS, B47, B48 and the length of the neighborhood and intersects B60 routes run primarily north to south through the high-traffic north-south streets including Bedford neighborhood, while the B25, B26, B38, B52 and B54 Avenue, Nostrand Avenue, and Stuyvesant run primarily west to east, and the Q24, B46, and B47 Avenue. Bedford–Stuyvesant contains four smaller run northwest to southeast on Broadway.[99] neighborhoods: Bedford, Stuyvesant Heights, Ocean Hill, and Weeksville (also part of Crown It is served by the IND Fulton Heights). Part of Clinton Hill was once considered Street Line (A and ​C trains), which opened in 1936. part of Bedford–Stuyvesant. This underground line replaced the earlier, elevated BMT Fulton Street Line on May 31, 1940. The IND Bedford–Stuyvesant is renowned for its collection of Crosstown Line (G train), running underneath intact and largely untouched Victorian architecture, Lafayette Avenue and Marcy Avenue, opened the largest in the country, with roughly 8,800 buildings for service in 1937. The elevated BMT Jamaica Line built before 1900. Its building stock includes many (J, M, and Z ​ trains), the city’s oldest subway line historic brownstones. These homes were developed because of its having opened in 1885, also serves for the expanding middle- to upper-middle class the neighborhood, running alongside its northern from the 1890s to the late 1910s. They contain highly boundaries at Broadway. Bedford–Stuyvesant is ornamental detailing throughout their interiors also served by the Nostrand Avenue and East New and have classical architectural elements, such York stations of the . as brackets, quoins, fluting, finials, and elaborate

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 8 |marketplace overview without notice 8 NEW EATERIES & BOUTIQUES ARE OPENING ON ALL OF THE MAJOR COMMERICAL CORRIDORS IN BEDFORD-STUYVESANT DEMOGRAPHICS 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

1 MILE 3 MILE 5 MILE

Total Population 179,065 1,291,842 2,812,285

2010 Population 166,831 1,206,484 2,610,113

2024 Population 181,551 1,309,881 2,858,126

Employees 25,985 258,325 894,675

Total Businesses 3,290 31,014 89,739

Average Household Income $57,223 $72,443 $87,158

Median Household Income $38,408 $50,905 $61,930

Total Consumer Spending $1.2B $9.6B $24.3B

Median Age 33.3 33.9 35.3

Households 65,728 465,827 1,048,114

Percent College Degree or Above 11% 16% 20%

Average Housing Unit Value $720,080 $671,001 $693,391

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 10 |marketplace overview without notice RETAIL MAP 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 11 |marketplace overview without notice TRANSIT MAP 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

edford- Stuyvesant is served primarily by the IND BFulton Street Line (A & C trains) as well as the G, J, M & Z subway lines. 

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 12 |marketplace overview without notice ZONING OVERVIEW 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

7D districts promote new contextual development along Rtransit corridors. Portions of Fulton Street and the Special Coney Island District in Brooklyn are mapped as R7D districts. Blocks that are mapped C4-5D have an R7D residential district equivalent.

The floor area ratio (FAR) of 4.2 ­allows greater residential density than R7A districts and less than R7X districts. In a C4‑5D district or when a commercial overlay is mapped in an R7D district, the ground floor of a building must be reserved for retail uses, such as shops and services, to maintain the vitality of the street.  Quality Housing bulk regulations, mandatory in R7D districts, produce ten-story buildings set at or near the street line. The base height of a new building must be 60 to 85 feet before setback, rising to a maximum building height of 100 feet, or 105 feet if providing a qualifying ground floor. In order to maintain the continuity of the street wall, a new building can be no closer to the street line than any adjacent street wall but need not be farther than 10 feet. Interior amenities for building residents pursuant to the Quality Housing Program are required.

Higher maximum FAR and heights are available for buildings participating in the Inclusionary Housing Program or that provide certain senior facilities.

Off-street parking is generally required for 50 percent of a building’s dwelling units, but requirements are lower for income- restricted housing units (IRHU) and are further modified in certain areas, such as within the Transit Zone and the Manhattan Core, or for lots 10,000 square feet or less. Off-street parking requirements can be waived if 15 or fewer parking spaces are required.

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 13 |marketplace overview without notice PROPERTY MAP 1876A FULTON STREET | BROOKLYN, NY | BEDFORD-STUYVESANT

1876A Fulton Street

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal Page 14 |marketplace overview without notice