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1211 Flatbush Avenue Flatbush, Brooklyn, NY Block-Through 3 Residential Units & Ground Floor Retail – 5,508 SF

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1211 Flatbush Avenue Flatbush, Brooklyn, NY Block-Through 3 Residential Units & Ground Floor Retail – 5,508 SF 1211 Flatbush Avenue Flatbush, Brooklyn, NY Block-Through 3 Residential Units & Ground Floor Retail – 5,508 SF FOR SALE FORMIXED SALE-USE BUILDING Property Features East side of Flatbush Avenue between Location Vanderveer Place and Avenue D, running block- through to East 23rd Street. Block & Lot 5188 / 4 Lot Dimension 23.25' x 103.33' Lot SF 1,943 Building Dimensions 20' x 103.33' Approx. Irreg. Flatbush Residential Floors 20' x 41.37' Approx. Irreg. East 23rd Residential Floors 20' x 41.37' Stories 3 Gross Building SF 5,500 Residential Units 4 Commercial Units 1 Total Units 5 Zoning R7A / C2-4 FAR 3.45 Buildable SF 6,702 Assessment ('18/'19) $59,343 Tax Class 2A R.E. Taxes ('18/'19) $7,548 Information presented herein is subject to change and should be individually verified. All measurements and square footage estimates are approximate. B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 1211 Flatbush Avenue in the Flatbush neighborhood of Brooklyn. • The subject property is a block-through mixed-use building located on the east side of Flatbush Avenue between Vanderveer Place and Avenue D. • Building comprises of 5,508 SF and includes four 3-bedroom units on the 1211 Flatbush Avenue second and third floors, respectively with ground floor retail frontage on 2 5 Flatbush Avenue, the area’s busiest corridors. Q • Multiple transportation options are available within close proximity to the B Q 2 5 trains nearby, providing direct access to Downtown Brooklyn and Manhattan. Q • The property presents a fantastic opportunity for a investor to invest in one 2 5 of Brooklyn’s most sought after areas, and to meet already existing neighborhood demand for luxury apartments. Effective Gross Income $158,304 Less Total Expenses $24,234 Projected Net Operating Income $134,070 B Q For further information, please contact exclusive agents: DJ Johnston Bryan Kirk Asking Price Partner, Senior Managing Director Director (646) 933-2319 (646) 933-2624 $1,795,000 [email protected] [email protected] William Cheng Michael Murphy B6 REAL ESTATE ADVISORS Director Associate 1040 Avenue of the Americas, 8th Floor, New York, NY 10018 (646) 933-2623 (646) 933-2639 [email protected] [email protected] B6RealEstateAdvisors.com B6 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. 1211 Flatbush Avenue Flatbush, Brooklyn, NY Revenue Current Projected (Post Renovation) Unit Status Type Net SF Lease Exp. Rent / Mo. $ / SF Rent / Mo. Annual Rent Ground Floor -- Retail 1,651 2021 $2,500 $29 $4,000 $48,000 2F FM 3 BR 837 MTM $1,200 $34 $2,400 $28,800 2R FM 3 BR 728 MTM $1,100 $40 $2,400 $28,800 3F FM 3 BR 837 MTM $1,200 $34 $2,400 $28,800 3R FM 3 BR 728 June '19 $1,300 $40 $2,400 $28,800 Total / Average 4,782 $7,300 $34 $13,600 $163,200 Estimated Expenses B6 Metrics Gross Annual Income $163,200 Vacancy & Credit Loss @ 3% $4,896 Real Estate Taxes (18/19) DOF Tax Bill $7,548 Effective Gross Income $158,304 Insurance $1.00 / SF $3,240 Less Total Expenses $24,234 Water & Sewer $1.00 / SF $3,240 Projected Net Operating Income $134,070 Heating Fuel Tenants Pay* -- Electric (Common) $0.25 / SF $810 Repairs & Maintenance 3.0% of EGI $2,741 Superintendent $250 / Month $3,000 Management 4.0% of EGI $3,655 Total Exp. Ratio: 13% $24,234 *Assuming post-renovations sub-metered of each unit. For further information, please contact exclusive agents: DJ Johnston Bryan Kirk Partner, Senior Managing Director Director (646) 933-2319 (646) 933-2624 [email protected] [email protected] William Cheng Michael Murphy Director Associate B6 REAL ESTATE ADVISORS (646) 933-2623 (646) 933-2639 1040 Avenue of the Americas, 8th Floor, New York, NY 10018 [email protected] [email protected] B6RealEstateAdvisors.com B6 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..
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