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dano@coldwellbank FOR SALE dano A ooklyn, NY11209 TE er .com CBCWORLDWIDE.COM 1903 KINGS HWY NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

OFFERING SUMMARY PROPERTY OVERVIEW Coldwell Banker Reliable Real Estate Commercial Division is pleased to offer for Sale Price: $2,699,000 sale, 1903 Kings Hwy, Brooklyn, NY 11229. This mixed-use offering includes Dunkin Donuts Tenant, which currently occupies the commercial space, as well as Number Of Units: 3 2 three-bedroom apartments, totaling 5,600 sq. ft. The property is zoned R7A/C2. Currently, all tenants have leases. All spaces are in excellent condition, making the property an excellent investment, with huge upside potential. Location Cap Rate: 4.22% Highlights: Kings Hwy is in Midwood. It has high foot traffic, located in a densely populated area. Conveniently located close to Shopping, Restaurants, Roads and Public Transportation. NOI: $113,940 PROPERTY HIGHLIGHTS Lot Size: 1892.0 Acres • National Tenant Dunkin Donuts • Excellent location in Midwood Year Built: 1925 • High level of foot and vehicular traffic Building Size: 5,600 SF • Excellent Opportunity for an Investor

Zoning: R7A, C2-3

Price / SF: $481.96

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

PROPERTY DESCRIPTION Coldwell Banker Reliable Real Estate Commercial Division is pleased to offer for sale, 1903 Kings Hwy, Brooklyn, NY 11229. This mixed-use offering includes Dunkin Donuts Tenant, which currently occupies the commercial space, as well as 2 three-bedroom apartments, totaling 5,600 sq. ft. The property is zoned R7A/C2. Currently, all tenants have leases. All spaces are in excellent condition, making the property an excellent investment, with huge upside potential. Location Highlights: Kings Hwy is in Midwood. It has high foot traffic, located in a densely populated area. Conveniently located close to Shopping, Restaurants, Roads and Public Transportation.

LOCATION DESCRIPTION Midwood is a neighborhood in the south-central part of the borough of Brooklyn. It is bounded on the north by the Bay Ridge Branch tracks just above Avenue I and by the Brooklyn College campus of the City University of New York, and on the south by Avenue P and . The eastern border consists of parts of , , and ; parts of McDonald Avenue and mark the western boundary.

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

PROPERTY DESCRIPTION OFFERING SUMMARY Coldwell Banker Reliable Real Estate Commercial Division is Sale Price: $2,699,000 pleased to offer for sale, 1903 Kings Hwy, Brooklyn, NY 11229. This mixed-use offering includes Dunkin Donuts Tenant, which Number of Units: 3 currently occupies the commercial space, as well as 2 Lot Size: 1,892 Acres three-bedroom apartments, totaling 5,600 sq. ft. The property is zoned R7A/C2. Currently, all tenants have leases. All spaces are in Building Size: 5,600 SF excellent condition, making the property an excellent investment, NOI: $113,940.00 with huge upside potential. Location Highlights: Kings Hwy is in Cap Rate: 4.22% Midwood. It has high foot traffic, located in a densely populated area. Conveniently located close to Shopping, Restaurants, Roads and Public Transportation. DEMOGRAPHICS 0.25 MILES 0.5 MILES 1 MILE Total Households 4,235 14,535 45,052 PROPERTY HIGHLIGHTS Total Population 10,259 36,398 123,908 • National Tenant Dunkin Donuts Average HH Income $51,688 $57,478 $65,635 • Excellent location in Midwood

• High level of foot and vehicular traffic

• Excellent Opportunity for an Investor

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

1903 Kings Hwy Brooklyn NY Building Name 11229 Property Type Mixed-Use Property Subtype High-Rise Building Size 5,600 SF Lot Size 1,892 Acres Year Built 1925 Number of Floors 3 Free Standing No

Coldwell Banker Reliable Real Estate Commercial Division is pleased to offer for sale, 1903 Kings Hwy, Brooklyn, NY 11229. This mixed-use offering includes Dunkin Donuts Tenant, which currently occupies the commercial space, as well as 2 three-bedroom apartments, totaling 5,600 sq. ft. The property is zoned R7A/C2. Currently, all tenants have leases. All spaces are in excellent condition, making the property an excellent investment, with huge upside potential. Location Highlights: Kings Hwy is in Midwood. It has high foot traffic, located in a densely populated area. Conveniently located close to Shopping, Restaurants, Roads and Public Transportation. • National Tenant Dunkin Donuts

• Excellent location in Midwood

• High level of foot and vehicular traffic

• Excellent Opportunity for an Investor

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

UNIT UNIT UNIT CURRENT MARKET NUMBER BED BATH RENT RENT

Dunkin Donuts 1 $7,250 $7,250

Apt 1 3 1 $1,900 $2,100

Apt 2 3 1 $1,900 $2,100

Totals/Averages $11,050 $11,450

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

EXPENSE SUMMARY

Property Taxes $13,760 Water / Sewer $2,400 Insurance $2,500 Gross Expenses $18,660

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

INVESTMENT OVERVIEW

Price $2,699,000 Price per Unit $899,666 GRM 20.4 CAP Rate 4.2% Cash-on-Cash Return (yr 1) 4.22 % Total Return (yr 1) $113,940 -

OPERATING DATA

Gross Scheduled Income $132,600 Other Income - Total Scheduled Income $132,600 Gross Income $132,600 Operating Expenses $18,660 Net Operating Income $113,940

FINANCING DATA

- - - -

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

POPULATION 0.25 MILES 0.5 MILES 1 MILE Total Population 10,259 36,398 123,908 Average age 38.9 38.6 36.4 Average age (Male) 37.1 37.0 34.4 Average age (Female) 41.6 40.9 38.4

HOUSEHOLDS & INCOME 0.25 MILES 0.5 MILES 1 MILE Total households 4,235 14,535 45,052 # of persons per HH 2.4 2.5 2.8 Average HH income $51,688 $57,478 $65,635 Average house value $548,008 $596,640 $596,965

* Demographic data derived from 2010 US Census

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE 1903 KINGS HWY BROOKLYN NY 11229

1903 Kings Hwy, Brooklyn, NY 11229 SALE

JOSEPH GIORDANO

Vice President

[email protected] Direct: 718.921.3100 | Cell: 917.650.2647

PROFESSIONAL BACKGROUND Joseph Giordano began his highly-successful real estate career in 1986 and joined Coldwell Banker Reliable Residential & Commercial in 2012. Thereafter, in five short years, Joseph managed to become one of the top agents at his firm. With more than three decades of experience as a professional in the real estate industry, Joseph offers his clients a wealth of unparalleled knowledge and strategies to successfully execute a broad range of residential, investment and commercial real estate sales. Joseph specializes in residential & commercial real estate deals including the sale and lease of multi-family properties, vacant land, development sites, investment properties, luxury properties, single family, and condos. He has repeatedly raised the bar in providing exemplary customer service to his clients by making himself readily available at all times to resolve any and all of his client needs related to the real estate process. As a confident entrepreneur and businessman for more than 30 years, Joseph Giordano has acquired the necessary skills to negotiate and close the most complex and difficult deals. Understanding the importance of showcasing properties, Joseph offers his clients the full advantage of benefits and resources Coldwell Banker Reliable has to offer. In particular, he uses Coldwell Banker's huge national network and advanced marketing strategies and tools to further the interests of his clients by exposing his clients' properties to a wide range of potential buyers that the property would not otherwise be exposed to. Ultimately, Joseph knows how to get things done. He represents his clients with honesty, integrity and with the utmost diligence. Buying and selling your property is a complex process. Meet with Joseph today to learn more on how to professionally market your property to get the best deal possible. Joseph will readily organize a team of professionals that will get you to the closing table immediately. In the meantime, Joseph's services will include detailed progress reports on the status of the sale of your property. He is motivated in gaining a friend with every real estate transaction and be your personal agent for life! Give him a call to get a proper evaluation of your property.

Top Producer 2016 - 2020 International President's Elite.

Reliable Real Estate 7428 5th Avenue Brooklyn, NY 11209 718.921.3100

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Joseph Giordano 718 921 3100 [email protected] RELIABLE REAL ESTATE