Samuel Mizrahi 866 Flatbush

866 Flatbush Ave

866 Flatbush Ave Brooklyn, NY 11226

Contact: Samuel Mizrahi President, Commercial Investment Division Phone : (718) 998-5700 Email : [email protected]

PROPERTY INFO & DISCLAIMER 2

PROPERTY DESCRIPTION 3

PROPERTY PHOTOS 4

866 FLATBUSH AVE FOR SALE 6

WHY C21 COMMERCIAL 7

INVESTMENT ANALYSIS - 5 YEAR BEFORE TAX 10

AERIAL & LOCATION REPORT 12

RESUME/BIO 14

PURCHASE PRICE: 866 FLATBUSH $2,400,000 AVE PROPERTY ADDRESS: 866 FLATBUSH AVE BROOKLYN, NY 11226

YEAR BUILT:

PROPERTY SIZE 4,000 SQ. FT.

LAND SIZE 2,075.00 SQ. FT.

866 Flatbush Ave Brooklyn NY 11226

PROPERTY HIGHLIGHTS Prime Flatbush avenue Retail Corridor between Church Ave and Martense

Store plus basement 1900 sq ft, projected $8,000 per month,2/ 2 Bedroom apartments- $1,100/$900

Gross Income: $120,000/ Net$100,000Taxes: $8,750/ Insurance: $3,600/ Water and sewer: $3,000/ Electric: $1,200/ Heat:$3,000 Neighboring Tenants Commercial Children’s Place, 7-Eleven Mizrahi Realty Jimmy Jazz, Sleepys We Know The Boroughs Golden Krust,GNC Samuel Mizrahi Walgreens Broker Associate McDonalds President Commercial Division Rent A Center Off: 718-998-5700 ext 107 Bargain Hunters Fax: 718-998-5804 Cell: 917-561-4526 Email: [email protected] https://samuelmizrahicommercial.c21.com/ ©2018 Century 21 Real Estate LLC. All Rights Reserved. C21 Commercial® and CENTURY 21® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. WE ARE A GLOBAL BRAND

*In 2017, over $121 billion was spent on real estate investment properties in the United States from international buyers, with 72% of those being cash buyers.

Our domestic commercial investment offices have connections to Global Network, so your next buyer could come from anywhere in the world! We also offer a robust global web-site with 36 currency conversions in 18 languages, to ensure that buyers have all the tools they need to purchase investments properties here in the U.S.

*SOURCE: National Association of REALTOR® International Real Estate Outlook

THE POWER OF C21 COMMERCIAL®

C21 Commercial is unique to commercial real estate, in that, we can represent investment properties in various U.S. markets, covering Metro, Secondary, Sub or Tertiary markets. We are connected to over 630+ qualified Investment Network offices and Commercial Specialists nationwide. Let us put our network to work for you when looking for investment properties outside your local investment marketplace.

CENTURY 21 Commercial®, the CENTURY 21 Commercial Logo and C21 Commercial® are registered service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each office is independently owned and operated. A ROBUST C21 COMMERCIAL® WEBSITE

We have a Robust National Commercial Web-site with extended search capabilities that can draw the commercial investor to use the web-site and stay awhile. Searchers can filter results referencing points of interest like eating establishments, retails shops, community services, etc.… Heat maps can show population density and median household income that can assist an investor in their purchase decision making.

WEB-SITE FOR INTERNATIONAL BUYERS

C21Global.com allows investors from all over the world to find a C21® investment office, sales professional or real estate property.. Whether you’re in a market that attracts international business or not, this worldwide web-presence is a great marketing tool for your investment properties, giving exposure and driving your property’s SEO in a search result. This robust web-site boosts 36 currency conversions in 18 languages, to ensure that buyers have all the tools they need to purchase investments properties here in the U.S.

The C21 Commercial National and C21® Global website attract nearly 500,00 views per month in 2018. C21 Commercial has a growing list of syndicated listing partners, which are vital in getting your properties exposed to specific investment buyers across the country. We also have other listing partners, the listing partners posted here have an API feed from our database, which allows automatic listing feeds for your property. Speed to market is important!

SEARCH ENGINE OPTIMIZATION (SEO) FOR YOUR PROPERTIES

We have two features we include on every listing. 1. We create a stand alone website for your property listing which is based on the actual street address. We/You can send buyers directly to your Unique Property Site to view all the property features and photos. Our service also includes a Craigslist eFlyer and posting tool to help drive traffic to your site. 2. We also create YouTube videos for your properties. This is a great eResource for buyers to preview your property quickly by viewing a short video and listening to all of the property details while being narrated. Videos sell properties!

INITIAL INVESTMENT MORTGAGE DATA 1ST LIEN Purchase Price $2,400,000 Loan Amount $1,440,000 + Acquisition Costs $48,000 Interest Rate 4.500% - Mortgage(s) $1,440,000 Amortization Period 30 Years + Loan Fees & Points $14,400 Periodic Payment $7,296 Initial Investment $1,022,400 Annual Debt Service $87,555

CASH FLOW Year 1 Year 2 Year 3 Year 4 Year 5 For the Year Ending May-2021 May-2022 May-2023 May-2024 May-2025 POTENTIAL RENTAL INCOME (PRI) $120,000 $123,600 $127,308 $131,127 $135,061 - Vacancy / Credit Loss $6,000 $6,180 $6,365 $6,556 $6,753 EFFECTIVE RENTAL INCOME $114,000 $117,420 $120,943 $124,571 $128,308 + Other Income $0 $0 $0 $0 $0 GROSS OPERATING INCOME (GOI) $114,000 $117,420 $120,943 $124,571 $128,308 - Operating Expenses $20,000 $20,600 $21,218 $21,855 $22,510 NET OPERATING INCOME (NOI) $94,000 $96,820 $99,725 $102,716 $105,798 NET OPERATING INCOME (NOI) $94,000 $96,820 $99,725 $102,716 $105,798 - Capital Expenses / Replacement Reserves $0 $0 $0 $0 $0 - Annual Debt Service 1st Lien $87,555 $87,555 $87,555 $87,555 $87,555 CASH FLOW BEFORE TAXES $6,445 $9,265 $12,170 $15,161 $18,243 Loan Balance $1,416,770 $1,392,472 $1,367,058 $1,340,477 $1,312,674 Loan-to-Value (LTV) - 1st Lien 73.18% 69.8% 66.56% 63.35% 60.24% Debt Service Coverage Ratio 1.07 1.11 1.14 1.17 1.21 Before Tax Cash on Cash 0.63% 0.91% 1.19% 1.48% 1.78%

SALES PROCEEDS INVESTMENT PERFORMANCE Projected Sales Price (EOY 5) $2,179,000 Internal Rate of Return (IRR) N/A Acquisition CAP Rate 3.92% Cost of Sale $108,950 Year 1 Cash-on-Cash 0.63% Mortgage Balance 1st Lien $1,312,674 Gross Rent Multiplier 20.00 Sales Proceeds Before Tax $757,376 Loan to Value 57.31% Debt Service Coverage Ratio 1.07

Samuel Mizrahi, DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any President, Commercial kind. Mizrahi Realty nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Investment Division © Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved. Mizrahi Realty Phone: (718) 998-5700 Page 10 Email: [email protected] https://samuelmizrahicommercial.c21.com/ 866 FLATBUSH AVE 866 Flatbush Ave, Brooklyn, NY, 11226 5-YEAR CASH FLOW ANALYSIS Fiscal Year Beginning June 2020

ASSUMPTION / INPUTS Purchase Price $2,400,000 Acquisition Costs 2.00% Year 1 Potential Income $120,000 Annual Income Increase 3.00% Vacancy & Credit Loss 5.00% Other Income Increase 3.00% Year 1 Expenses $20,000 Annual Expense Increase 3.00% Acquisition CAP Rate 3.92% Loan Fees & Points 1.00% Sale Price - CAP Rate 5.00% Cost of Sale upon Disposition 5.00%

Cash Flow $ 6,445 Investment Performance (%)

73% 4.00 3.92 2.00 0.63

0.00 5% 5% -2.00

17% -4.00 Debt Service Expenses Cash Flow -4.44 -6.00 Vacancy CAP Rate Cash-on-Cash IRR

5-YEAR EQUITY YIELD & EFFECTIVE LOAN RATE Unleveraged Investment Financing Cash Flow Equity Investment Cash Flow & 5-year Yield + & Effective Rate = Cash Flow & 5-year Yield N $ N $ N $

0 ($2,448,000) 0 $1,425,600 0 ($1,022,400) 1 $94,000 1 ($87,555) 1 $6,445 2 $96,820 2 ($87,555) 2 $9,265 3 $99,725 3 ($87,555) 3 $12,170 4 $102,716 4 ($87,555) 4 $15,161 5 $2,175,848 5 ($1,400,229) 5 $775,619

Property IRR/Yield = 1.05% Effective Loan Rate = 4.70% Equity IRR/Yield = N/A

Negative Leverage. Leverage DECREASED the Yield by -1.05%

Samuel Mizrahi, DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any President, Commercial kind. Mizrahi Realty nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitute for any legal, investment, real estate or other professional advice, consultation or service. Investment Division © Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved. Mizrahi Realty Phone: (718) 998-5700 Page 11 Email: [email protected] https://samuelmizrahicommercial.c21.com/ 866 FLATBUSH AVE 866 Flatbush Ave, Brooklyn, NY, 11226 AREA LOCATION MAP

866 Flatbush Ave 866 Flatbush Ave, Brooklyn, NY, 11226

Samuel Mizrahi, President, Commercial © Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved. Investment Division Mizrahi Realty Phone: (718) 998-5700 Page 12 Email: [email protected] https://samuelmizrahicommercial.c21.com/ 916 Kings Highway, Brooklyn NY 11223 866 FLATBUSH AVE 866 Flatbush Ave, Brooklyn, NY, 11226 AERIAL ANNOTATION MAP

866 Flatbush Ave 866 Flatbush Ave, Brooklyn, NY, 11226

Samuel Mizrahi, President, Commercial © Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved. Investment Division Mizrahi Realty Phone: (718) 998-5700 Page 13 Email: [email protected] https://samuelmizrahicommercial.c21.com/ 916 Kings Highway, Brooklyn NY 11223 WE KNOW THE BOROUGHS SAMUEL I. MIZRAHI REAL ESTATE BROKER ASSOCIATE

CENTURY 21 MIZRAHI REALTY PRESIDENT OF COMMERCIAL & INVESTMENT DIVISION Past President & Chairman of the Flatbush Real Estate Board Member of International Council of Shopping Centers www.samuelmizrahi.com

About Me

Member of Brooklyn Board of Realtors Member of Brooklyn New York MLS CENTURY 21 National Commercial Advisory Board I have over 25 years experience in Brooklyn, Bronx, Queens and Man- hattan Retail Markets. Tenant and Landlord Representation in Retail leasing and sales of Taxpayers and Mixed Use properties. Our Roster of tenants include the following CITIBANK, BANK OF AMERICA, PONCE DELEON FEDERAL BANK, KFC, BURGER KING, PIZZA HUT, TACO BELL, HEALTH PLUS, CARE PLUS, VIM, DANICE STORES, RENT A CENTER, BARGAIN HUNTERS, 99 CENTS DREAM, GOLDEN KRUST BAKERY, RADIO SHACK, CELL TECH, WEEKEND, SUBWAY, CLEAN RITE, JIMMY JAZZ, CHILDRENS PLACE, BERKSHIRE BANK, ASHLEY STEWART, RITE AID, SALVATION ARMY, SCORES LEARNING INSTITUTE, EASY PICKINS, S & A STORES, ALLSTATE, POPEYE'S, JEMBRO, LIN- EN KING, CARVER BANK, WEIGHT WATCHERS, COZI XANDO, CROWN CHICKEN , WOK N ROLL, AHRC, DUNKIN DONUTS/ BASKIN ROBBINS, VOLUNTEERS OF AMERICA, KINGS BEAUTY SUPPLY, DOLLAR TREE, COHENS FASHION OPTICAL, SUPER LAUNDRY and many more ..... Latest assignment HOSTESS PROPERTIES in the Bronx and Queens New Assignment with Advance Auto Parts in Riverhead, East Meadow and Cobbleskill for sublease opportunities

• either directly or through cooperating brokers. WE KNOW THE BOROUGHS AND THEY KNOW US! COSTAR POWER BROKER AWARD 2010/2011/2012/2013/2016 PRESENTED TO SAMUEL MIZRAHI BY BRENDAN COLLINS OF COSTAR #5 National top Producer 2013 CENTURY 21 Commercial Investment Network MULTIPLE YEARS CENTURION AWARD WINNER MIZRAHI REALTY SAMUEL MIZRAHI, PRESIDENT, COMMERCIAL INVESTMENT DIVISION

(718) 998-5700 [email protected] 916 Kings Highway, Brooklyn, NY, 11223