32 AVENUE B, NEW YORK, NY TABLE OF CONTENTS I. EXECUTIVE SUMMARY II. THE NEIGHBORHOOD III. DUE DILIGENCE FOR MORE INFORMATION, CONTACT JAMES RYAN Director 646 933 2608
[email protected] FOR FINANCING INQUIRIES, CONTACT STEVEN SPERANDIO Partner, Senior Managing Director 646 933 2638
[email protected] 2 B6 REAL ESTATE ADVISORS 32 AVENUE B 3 EXECUTIVE SUMMARY 4 B6 REAL ESTATE ADVISORS 32 AVENUE B 5 THE OPPORTUNITY AREA MAP B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 32 Avenue B, a 5-story mixed-use building located in the vibrant East Village, between East 2nd & 3rd Street. PROPERTY INFORMATION Address 32 Avenue B, New York, NY 10009 Location West side of Avenue B between East 2nd & 3rd Street Block & Lot 398/ 31 32 AVENUE B Lot Dimensions 24.33’ x 80.00' Lot Square Feet 1,945 Stories 5 + Basement Building Dimensions 24.33’ x 70.00’ Building Square Feet 8,516 Approx Total Units 17 Commercial 16 Residential 1 Zoning C1-5/ R7A FAR 2.00/4.00 Building Assessment $567,540 RE Taxes $63,555 TRANSPORTATION TAX MAP TRAIN LINE STATION WALKING DISTANCE F 2nd Avenue 8 minutes F M J Z Delancey/Essex 9 minutes BUS WALKING DISTANCE M8/M9/M21/M14A Within 5 minutes CITI BIKE WALKING DISTANCE 12 bike stations Within 5 minutes DESTINATION RIDE SHARING (UBER/LYFT/VIA LOGO) Fidi 16 minute via FDR Midtown ( Bryant Park) 18 minute drive via FDR Williamsburg 7 minute drive via Williamsburg Bridge Travel times estimated by Google Maps 6 B6 REAL ESTATE ADVISORS 32 AVENUE B 7 INVESTMENT HIGHLIGHTS ■ Composition: The building consists of seven 1-bedroom apartments and nine studios.