721 Henry Street Red Hook Brooklyn, Ny

721 HENRY STREET RED HOOK BROOKLYN, NY

CORNER FOUR-STORY MIXED-USE BUILDING BRICK CORNER FOUR-STORY EIGHT-UNIT MIXED-USE BUILDING WITH GARAGE PARKING 721 HENRY STREET RED HOOK, BROOKLYN NY

ASKING PRICE: $2,795,000

INQUIRE WITHIN FOR ADDITIONAL INFORMATION

PROPERTY DESCRIPTION Cushman & Wakefield has been retained on an exclusive basis for the sale of 721 Henry Street in Red Hook, Brooklyn. It is located on the northeast corner of Henry Street and W 9th Street.

PROPERTY HIGHLIGHTS 721 Henry Street is a four-story mixed-use building with eigh units consist-ing of one retail unit and seven residential units, plus on-site BLOCK / LOT 536 / 01 garage parking with two covered spaces. LOT DIMENSIONS 24.45’ X 84.87’ approx. LOT SQUARE FOOTAGE (SQ. FT.) 2,057 sq. ft., approx. Six of the seven units are leased and under rent stabilization guidlines with one vacant unit. All units are two-bedroom apartments. The retail BUILDING DIMENSIONS 23’ X 84.83’ approx. space is currently vacant and is approximately 472 square feet (net). It BUILDING SQ. FT. 5,309 approx. was previ-ously operating as a convenience store. GARAGE / COMMERCIAL SQ. FT. 1,284 sq. ft., approx. Red Hook has been getting a lot of attention as a potential vessel RESIDENTIAL SQ. FT. 4,025 sq. ft., approx. for new transportation services including ferry service, possible subway COMMERCIAL UNITS 1 line extension from lower Manhattan, and a streetcar service. AECOM’S 7 RESIDENTIAL UNITS proposal has also been in the works for a revamp of the Red Hook PARKING GARAGE UNITS 2 waterfront. A total 30-acres on the waterfront would be redeveloped into STORIES 4 a 45,000 unit mega-developoment with a new subway connection. ZONING R5 721 Henry Street is in a convenient location within a 0.4 mile walk to the REAL ESTATE TAXES $7,683 F & G subway trains at Smith-9th Street station and a 0.6 mile walk to the Carroll Street station. Site inspections are by appointment only, please inquire within.

721 HENRY STREET 721 HENRY STREET PROPERTY FINANCIALS RED HOOK, BROOKLYN

Commercial Rent

ADDRESS UNIT TENANT LEASE EXPIRATION NET SF (APPROX.) $ / SF MONTHLY RENT ANNUAL RENT 721 Henry Street Retail - Ground Floor Vacant Vacant (N/A) 472 $89 $3,500 $42,000 721 Henry Street Garage Occupied November 2020 733 $20 $1,236 $14,832 GROSS INCOME $4,736 $56,832

Residential Rent

UNIT STATUS LEASE EXPIRATION BEDROOM COUNT NET SF (APPROX.) $ / SF MONTHLY RENT ANNUAL RENT LEGAL RENT 1F RS (1) September 2019 Two-Bedroom 472 $43 $1,700 $20,400 $32,045.88 2L RS (1) December 2019 Two-Bedroom 472 $30 $1,173 $14,076 $24,878.28 2R RS (1) January 2020 Two-Bedroom 472 $45 $1,800 $21,600 $44,103.00 3L RS (1) September 2019 Two-Bedroom 472 $53 $2,100 $25,200 $44,059.08 3R RS (1) December 2018 Two-Bedroom 472 $30 $1,173 $14,076 $19,704.84 4L RS (1) December 2018 Two-Bedroom 472 $32 $1,257 $15,084 $27,742.20 4R RS (1) Expired Two-Bedroom 472 $23 $900 $10,800 $23,125.32

GROSS INCOME $12,403 $121,236 $215,658.60 (1) Rent-Stabilized

Expenses Per Ownership GROSS INCOME $178,068 VACANCY & CREDIT LOSS @ 3% / GROSS INCOME ($5,342) Property Taxes $7,444 Fuel $2,009 EFFECTIVE GROSS INCOME $172,726 Insurance $6,657 Water / Sewer $4,000 LESS GROSS EXPENSES $31,744 Repairs & Maintenance $1,250 NET OPERATING INCOME $140,982 Common Electric $1,200 Super - Salary $1,250 Management Fee $7,934

GROSS EXPENSES $31,744

721 HENRY STREET

Maj

o r W 155th St D

gan Exp y Pk n o s W 150th St ve

d y A u r H te y es r h n tc e Morris Ave es H W E 149th St

W 150th St 3rd Ave

W 125th St E 141st St

Frederick Douglass Blvd Broadway Major E 138th St

D 5th Ave y eeg p a x n E r E x ne p ck y ru Malcom X Blvd B E 125th St

C H a a th W 116th St e r E d l P r e S al e la P m h W k v n 110 y o d R r o t E 132nd St e h i m S v t ark A R e e Th d P r M R

r d d r

o E 116th St d

l e

N N

e e

ck c W k N 9 B R 6 r d th r d S D i B lv d t R a B W 97th St g n FD y er e v h i rt 5th Ave e o E 106th St w N A v y e k ky Broadway d P P 9 an 7t Isl n h ss o St 1st Ave ro ell Blvd s C B Be d ll u B Museum Mile M Amsterdam Ave l id H v d e d le y th Av N r 14 ec n k R e e E 96th St d W v e H Av S 86 T 15th W 79th St th r S i t ark A b W 81st St d r P o 8 v D 5th r l S o B e t d u C i 2nd Ave g s s n l h e o er E 92nd St B 20th Ave s d a v r lv r i r r a B v idg t i R D P in ew Central Park W o e s P y et t T ll i r py a E 85th St Wi E n n W 72nd St s x ve x E u r p s t e 150th St R e y 26th Ave d S E 84th St n

o mm d t o s C L n C

C l a 2 e e t l k 2 i e a 1 C e h a r r v r v i H College Point Blvd W o l n v l o i s e L e E 79th St y i s t e e W 66th St w I R A id w s W v s l d e L ay E a 6 Ditmars Blvd a E n 5 S Guard ide Ave 2 B x d t ys 9th x h ia Ba Ave p Ser St R p P N vic A d y k e sto B y y R r rs lv E d ia Bl ma d W Tr v r Dit d an d D v r py s D Ex S v y Bl y d S e A a n n e r stor w r a la rv se ia Bl Asto un e w s ic W 56th St R vd S ri R h ir I e R d E 72nd St a B rt a g d lvd N Ave 35th Ave o F n W Central Park S d D N o 57 E 65th St 23r L it th E 66th St mar St E 71st St BQE E 94th St y xp Br s E B g o l ve in o v A d d eron r k ch a 12th Ave E Cro 31st St l H yn E e Q A rn Blvd c y 21st St stor the ra Q B a ia r o Blvd o 162nd St H 82nd St u N N y w E 60th StE 62nd St orther Pk e d n State Steinway St St lv ad Park Ave E e B E 59th St F rn o E 57th St 61 n y W r s r rthe y t s a o Marcu 42 10th Ave B S N M s A t n ar e ve w E cus Av nd ood C c x H S 8th Ave B o i t p s 81st St l Queensboro Bridge- 6 y l L 1 e Utopia Pky gio 9th Ave 8 1 e W 4 g g t w

h t e 3 h i P s Ma 6 S t S h A o py t B Di Northern Blvd t x i v n l e E 53rd St e v t d o 2nd Ave 59th St Bridge e nd E J v B Holly Ave a L A M l it lt V l Is t e v v a l e a g e y s d i Ave W 34th St lvd oo n n 46th Ave 7th n w n B R 4 o N er W S L H e th G t e e Nor y c v r c H k d W Queens Plz N a i A k o 3 e n l P S 0 E lis Co 205th St W 29th St t v h d k t h t x y Fashion Ave E 42nd St C St 8 p es h A e y u t S J rt B u n W 9 r 4 n t D 2 r lv 230th St nd 39th St c a d R t l R io P y Avenue Of The Americas D d xp n k F E Bell Blvd y ing B s Q t ard r e l S H u v e E 34th St ee v e d c n A h ns t a so r

r Pi T l 4 W 23rd St M ho o 6 e idto Jack ms P 10th Ave on Av 1 H C Broadway e iv y r w h k os R t e t i e 9th Ave n T L Av l P s 5 d I S 3r ra s N 7 l u 6 t a n t Ave n l e s a en d 1 C g Br P 2 ron d k d o y n y i o 1 H a e a 0 xp or r r d C E ac 7th Ave Lo Av t w 8 e G B n g t H y nt a nd a i Is i S y h la rd a la t BQE s ing k po I Expy n s S d n 1 g Long I w Van Dam St sl s and Expy W 14th St Ex ee t 1st Ave r 6 on d a p 4 Union Tpke l 9 G L e a Bord y H th A lvd Q v e u ue e en ov B ens Bl A ro Park Ave S Av l

v E 23rd St L l P n v i Av e e H vd ve h B

A l A C t h re d 6 e t W 13th St u 51st Ave n l v h 8 8 La 62 e A t a t B r 0 ord s 1 en L v r Av ie i u e e h H Calamus Ave w il Ave A 59th Ave lside e S ng v v E ro E Mc e t x t A 14 2nd Ave Je S n w p t S el e F h h St A pk y u v gu e e e T r t e v h v n A 69th St y io e A a 7 t t p n v in x r U n 6th Ave 8 e E i o West St C e J A n p v n al c e 5 k w i p n to sd reen id Ar s icho T th e G M r e A s Van L C Je 4 s e ic n y e l Bs e rr w e g r a a u ue H U r 3rd Ave d B Q is B v i o a t ie l r op w v rd M py P P B t d B e d Ex a E ra ve n e lvd x dd A W Houston St S o n la r i oc ica Is a k a p k A ama k A r y J e S z v g ve Tu t s e n t D P li t r r p o k e Avenue C iu L e r A D c e E y v y s e o A R K V ve afa 69th Rd v a n A L D e n 72nd Ave li F W h g Varick St y S au Bowery c L Hudson St k y a Mc 2 E M k u 12 BQE 6 d P l one Blv x a t t We h 1 s B p i d s w n S ro Broadway Loisaida Ave e o y t ll n t o v e S Grand Stm e a p 6th Ave A S Y l e r t Tpk r t d St e n i i 212th Pl E k l nio n Hou e P U M G e S st M e t o r Fresh Pond Rd n a g t y D S Dr el t h a t r a S 1 n r a S Walker St e c P 8 e t y e m Eliot Ave t n 8 w S i Humboldt St t v i t o P y w h Av l Pk R tra B en a e Grand C l S Grand Ave v Canal St E M e e t West Side Hwy t A St e 721 HENRY STREET S t m Chambers St Allen St r Union Tpke e e o o H d t r p e 1 e l t o k H m t Grand St p 8 e e li T ps n ta 7 tea y n n d

RED HOOK, BROOKLYN a e A t G ve n Ave io A nﬁ W lita h v i f e C ran il Metropo 8 l a a ay d iam e Un P t w l road S v 0 e S L E B t sb A Me l tr k P ur ng t opolit p d h g i h an T R c Br h Av n r id s e h ge lu S io t u F t n h t U 4 e Grand St e 8 v H C S v y A o h r A Pk a lli He e A out B e n Q aic s mp Tpk S Kent Ave ro p stead n FDR Dr adway o o u am A n o s e J v C in e St M ob e Marcy Ave ie R n a Jack s n Rodney St B h Pky a boro l Inter vd 1 Broadway t e 6 e t pk v Brooklyn Bridge a T 8 A n n t h io M h t n e 9 Cross Island Pky B U tr op S 10 d r o e t R i lit ide Av AREA & SUBWAY MAP d PROPERTY TAX MAP an A Hills th W v 9 g e 0 r e t 1 D S Cy S r Pky Jam M g Broadway h a o e p g ica iv r ou Myrtle Ave Ave e u ur e r r R s o Myrtle Ave r t t L s S E b e b ic h r s e A Myrtle Ave r k e v e S at m A e t R W n t a BQE v d i e I l e v d l r A i Coope R e t W Av n Ave 4th o Brooklyn Battery Tunl g 9 hin m Flus l

N E Bedford Ave Nostrand Ave a M v Myrtle Ave C e y Henry St F Putnam Ave r yp r l S i a Broadway c t r t e W k b e s Bl u Bushwick Ave Av s o sh r o v Linden Blvd pe H d Adams St o d Co il Av ls h Atlantic Ave Myrtle Ave S a D e t v u Cornelia St e tc E n h Br As L x E B i Malcolm X Blvd B n o t d ad l e B e h d l n 75th St v B w HUNTINGTON ST l Q l e t lv a a d F V d y E r r n P e t a d Dekalb Ave k r L n the y m y u r Lafayette Ave Leerts Blvd o n Pl k n c i S S o s t P L a e te N n wis P h ky State St t B lv F P d l ug e o Ave r l Etna St ty t r c Clinton St Paciﬁc St o e Cooper St b S h b Li o r u e e r t th A In e Ridgewood Ave r v S n

u P ky Jamaica Ave Linden Blvd t p Un d i BK BATTERY TUN EN h on v Atlantic Ave L i l S Mary Pinkett Ave t n o vd B g l B B d

a l l y v le e F n is d a ﬁ l B a HAMILTON AV S g t e ky R n bush P t oc i v ka d r HENRY ST n wa v r y Blv l p et Atlantic Ave t A d B S l s

s N

A a y bi r ve k r Atlantic Ave E e P C e

d m n e BLOCK N r o n t n C a l a Paciﬁc St ondu t it F e r V 536 Av r d a S e u lv C M k B l on a erric A du N L it C v Hamilton Ave Bl on vd du e 9th St it Blv

F d y e o k 01 t u Washington Ave P e S S Av v n C A o d k t nd h W or a uit t n Me ph i a rr Y A 0 ic l l k Eastern Pky n ve s R 5 a w d

H e 1 e N A duit Av R on s I B v N C o E s Q Rockaway Ave e o wa r e Av E duit e Belt Pky C Flatbush Ave Brooklyn Ave n v N So o Southern Pky ia Memorial H r C uit Pow/M w 1 7th Ave A as u d Ave y 6 d sa th N Cond N on t 4th Ave u Ex er ui C W Sunrise Hwy h d n t A p Pk B S Sunrise Hwy S r y y lvd Belt Pky t v

o e y W 9TH ST nduit B Pk y d Co lvd Belt p Nas v df s ark W Rockaway Pky S au E l x x S Central Ave P e u py B y Prospect Ave y E Bo nda B p N xp ry N e F ct e Blvd as E K N l x Empir sau R l r e d e i E F a p G J w v ncis R k ns os Nostrand Ave r y em t Y o New York Ave a e w o e Pr n S o sen H r L u v l r e h B 19th St i a k w Q lle ri t n A o 8 B is y 4 ve P l m 1 B v kl a e l o yn Linden Blvd M d v o d r P e A B ro I sp Av M M 18th St e / c i t e W l l

Ocean Ave P Flatlands Ave O P R e a d v rk A Shore Pky h S t 11 w ky P Ro t sedal el Rockaway Blvd e Rd B P Linden Blvd r o Parkside Ave sp

Utica Ave 3rd Ave e c y E 5th St k t e Pe l P E v ia x n A n r p n o to sy y Ca m lv e a M ni a a i A M Rockaway Pky v / xpy E 108th St e w Van Wyck E Ditmas Ave o 39th St P C r o F ss r a B n r a k Church Ave l D y i n n B o Ditmas Ave A y s l k M v d P c v lt i D 721 HENRY STREET y d lv r c e k B e e S E u wy h D n a B f e P l ore ei v H u L o A e s R s n r y o Ralph Ave in g o k a a n l n h P d e d i D y S P e Bay Ridge Ave r 6 k K r 5 P A Rockaway Tpke o t h on v h S e t ilt Flatbush Ave S Seaview Ave am 67th St t H r y o k 4th Ave F P lt 65th St e Bay Ridge Pky E B y 80 p th x S E t

s Ocean Ave e u v n A e e Sea View Ave h wa v t v o A 7 r A h G t t Coney Island Ave D 8 Rockaway Tpke h 1 y n a Utica Ave o s py w c e x v d i Flatlands Ave e A Utrec r sid a E J Burn E ue o s ven w A r f Nostrand Ave

i n e B

e e e N L u Q n ly 65th St k o o r B Avenue N 8 C l 6t r P Bay Ridge Pky y o

h Mill Ave k s g S s Shore Rd t P d n B v

li l l a a t B i y

B a r G B n e l a l v t mo d d i

P e e r

k e v M y h

a S

i th A

4 M

/ N

w r a

o s 7th Ave Avenue P D s P e l F a g e u d la ri t n E s B 14th Ave bus n x ow Bay Pky wy G a p rr H e h h y s r Na g ri A C in t v zano- P K s e h a o Avenue P e c rr ly n A Ve a P e l y Ocean Pky v k Bay 8th St e B P

P t o l w/ e M P B ia Memorial ky 86th St

B Avenue U y elt y w Pk k F y P S y ho re a re ho w Nostrand Ave S a P k ky c

Coney Island Ave o R Cr L Ocean Ave e o if p E s r e Avenue U ic y y Dr so A seph H Ma vd n v C o l D e J Seagirt B r ro v Re ss

Knapp St l Dr B anne ch Ch Flatbush Ave a Stillwell Ave a y e B B y r w i F d y kawa g Roc Park St e l Dr ne an Ch ch ea B Beech St

ky wy Pky P y F hore lt a S Be ckaw ky Ro Leif E Belt P ricson Dr Pow Pky ve /Mia Memorial ky y Emmons A ore P k Be Sh P lt Pky n vd a l d B e h R ac c e l B e y O a h aw S ock y R

W 17th St P

Neptune Ave ea c Marine Parkway Bridge r

W 37th St W 36th St O l D ne S an urf A Ch ve h ac Be 721 HENRY STREET RED HOOK, BROOKLYN

PROPERTY PHOTOS

721 HENRY STREET FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS:

STEPHEN R. PREUSS MAURICE SUEDE DANIEL SOYAK Senior Managing Director Director Associate (718) 512 2118 (212) 589 5131 (212) 698-5552 [email protected] [email protected] [email protected]

KEVIN LOUIE KEVIN SCHMITZ Associate Director Associate Director (718) 512 2627 (718) 512 2628 [email protected] [email protected]

721 HENRY STREET, BROOKLYN - ASKING PRICE $2,795,000

WWW.CUSHMANWAKEFIELD.COM Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.