1674 Carter Avenue
1715 Webster Avenue 1680 Carter Avenue
1731 Webster Avenue
CONFIDENTIAL OFFERING MEMORANDUM E th St Morton Pl E Burnside Ave E st St E th St E th St
W Tremont Ave Creston Ave B Valentine Ave E th St E th St Morris Ave Monterey Ave W th St Echo Pl D Ryer Ave Alden Pl E th St E th St
rd Ave
Echo Pl Grand Ave Mt Hope Pl Bathgate Ave TREMONT E th St Harrison Ave E Tremont Ave Anthony Ave W th St E th St
E Tremont Ave Mt Hope Pl W th St Grand Concourse ¤£1
Davidson Ave Townsend Ave E th St MOUNT HOPE E th St Jerome Ave Henwood Pl W th St Monterey Ave Washington AveCLAREMONT La Fontaine Ave Arthur Ave -BATHGATE W Cliord Pl
E th St E th St Hughes Ave W th St E th St Carter Ave E Cliord Pl
Topping Ave
E th St Belmont Ave Featherbed Ln Prospect Pl
Weeks Ave B Eastburn Ave Arthur Ave
Clay Ave Inwood Ave D 95 3A ¦¨§ Park Ave E th St 2B Ittner Pl Belmont Ave E th St Ittner Pl E th St 95 ¦¨§ Crotona AveFairmount Pl E Mt Eden Ave E th St
Eastburn Ave Monroe Ave Cross Bronx Expy S 3 E th St Anthony Ave Carter Ave
Topping Ave Grand Concourse E th St Mt Eden Pkwy E rd St
Mt Eden Pkwy E th St Hawkstone St E Mt Eden Ave Crotona Park N
Townsend Ave E th St Webster Ave Fulton Ave Belmont St Rockwood St
Sheridan Ave Clinton Ave E nd St
Walton Ave Prospect Ave
Selwyn Ave E rd St
E nd St Bathgate Ave B Teller Ave D E nd St E st St E nd St Wythe Pl
• WEBSTER CARTER PORTFOLIO Park Ave E st St 2
Morris Ave Claremont Pkwy E th St Grand Concourse St College Ave E th St Morton Pl E Burnside Ave E st St E th St E th St
W Tremont Ave Creston Ave B Valentine Ave E th St E th St Morris Ave Monterey Ave W th St Echo Pl D Ryer Ave Alden Pl E th St E th St
rd Ave
Echo Pl Grand Ave Mt Hope Pl Bathgate Ave TREMONT E th St Harrison Ave E Tremont Ave Anthony Ave W th St E th St
E Tremont Ave Mt Hope Pl W th St Grand Concourse ¤£1 TABLE OF
Davidson Ave Townsend Ave E th St MOUNT HOPE E th St W th St Jerome Ave Henwood Pl CONTENTSMonterey Ave Washington AveCLAREMONT La Fontaine Ave Arthur Ave -BATHGATE W Cliord Pl EXECUTIVE SUMMARY ������������������������E th St 5 E th St Hughes Ave W th St E th St Carter Ave E Cliord Pl PORTFOLIO HIGHLIGHTS ������������������� 8
Topping Ave
E th St Belmont Ave Featherbed Ln Prospect Pl PROPERTY INFORMATION ���������������12
Weeks Ave B Eastburn Ave Arthur Ave
Clay Ave Inwood Ave D INVESTMENT BREAKDOWN �����������16 95 3A ¦¨§ Park Ave E th St 2B Ittner Pl NEIGHBORHOOD ��������������������������������Belmont Ave26 E th St Ittner Pl E th St 95 DUE DILIGENCE �����������������������������������30Crotona Ave ¦¨§ Fairmount Pl E Mt Eden Ave E th St
Eastburn Ave Monroe Ave Cross Bronx Expy SDISCLAIMER ������������������������������������������42 3 E th St Anthony Ave Carter Ave
Topping Ave Grand Concourse E th St Mt Eden Pkwy E rd St
Mt Eden Pkwy E th St Hawkstone St E Mt Eden Ave Crotona Park N
Townsend Ave JONATHAN SQUIRES JOSH NEUSTADTER E th St Webster Ave Fulton Ave Senior Director Senior Associate Belmont St Rockwood St 212 660 7775 212 660 7739 [email protected] [email protected]
Sheridan Ave Clinton Ave E nd St MICHAEL FIORAVANTI MAURICE SUEDE Associate Director Director
Walton Ave 212 589 5119 212 589 5131 Prospect Ave Selwyn Ave [email protected] [email protected] E rd St
E nd St Bathgate Ave Teller Ave DANIEL SOYAK B Associate 212 698 5552 D E nd St [email protected] E st St E nd St Wythe Pl
Park Ave E st St 3
Morris Ave Claremont Pkwy E th St Grand Concourse St College Ave BLOCK 2889 LOT 61 1674 1680 Carter Avenue Carter Avenue CARTER AVENUE EAST 174 STREET
EAST 173 STREET
1715 1731 BLOCK 2889 Webster Avenue Webster Avenue LOT 88
WEBSTER AVENUE
EAST 173 STREET
1715 Webster Avenue BLOCK 2889 1731 LOT 88 BLOCK 2889 Webster Avenue LOT 61 WEBSTER AVENUE
EAST 174 STREET 1680 1674 Carter Avenue Carter Avenue CARTER AVENUE
4 • WEBSTER CARTER PORTFOLIO EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of the Webster Carter Portfolio; a multi parcel assemblage
EAST 174 STREET encompassing almost an entire city block in the Bronx. The portfolio is comprised of two tax lots; 1715 Webster Avenue (Block: 2889 Lot: 88) and 1731 Webster Avenue aka 1674- 1700 Carter Avenue (Block: 2889 Lot: 61). The Webster Carter Portfolio spans the entire blockfront of Carter Avenue between East 173rd and 174th Streets and boasts over 400’ of corner wrap around frontage from East 174th Street onto Webster Avenue. Together, the parcels combine to offer approximately 40,698 square feet of land and 24,813 square feet of building.
1731 Webster Avenue and 1674-1700 Carter Avenue (Block: 2889 Lot: 61) is located on the west side of Webster Avenue and extends through to Carter Avenue between East 173rd and 174th Streets. The property features approximately 14,513 square feet of rentable space across 3 separate buildings.
• 1731 Webster Avenue is located on the corner of Webster Avenue and East 174th Street and consists of 13,840 square feet. The site is improved by a 2,800 SF single story retail property and is currently leased on a NNN basis to KFC/Taco Bell.
• 1674 Carter Avenue is located on the corner of Carter Avenue and East 173rd Street and consists of 12,900 square feet. The site is improved by a 6,688 SF garage with rear basement and is currently leased to 3 commercial tenants. EAST 173 STREET • 1680-1700 Carter Avenue is located on corner of Carter Avenue and East 174th Street. The property consists of roughly 5,025 square feet. The property is improved by multiple one-story garages with basements and is currently leased to 3 tenants.
1715 Webster Avenue (Block: 2889 Lot: 88) is located on the west side of Webster Avenue between East 173rd and 174th Streets. The property is an approximately 100’ x 70’ mixed use building with 4 ground floor retail spaces and 2 residential apartments. The retail units are currently 100% leased while the residential portion of the property remains vacant.
Located in the Claremont neighborhood of the Bronx, the portfolio is accessible via several transportation methods. The properties are within walking distance to the 174th- 175th Street subway station serviced by the B & D Trains and are also accessible by the numerous bus routes that canvass the area. Additionally, vehicular access is provided by the Sheridan, Bruckner, and Cross-Bronx Expressways, and the Bronx River Parkway.
Offering ease of access, stable cash flow, flexibility of use and immense scale, the Webster Carter Portfolio stands out as a truly rare Bronx investment opportunity.
5 LOCATION MAP
ClayAve
ParkAve ¦¨§95 IttnerPl E thSt IttnerPl
1680 Carter Avenue
MonroeAve E thSt
1731 Webster Avenue
CarterAve AnthonyAve ErdSt
1674 WebsterAve Carter Avenue 1715 Webster Avenue ToppingAve
EMtEdenAve
Claremont BelmontSt Park
6 • WEBSTER CARTER PORTFOLIO 7 PORTFOLIO HIGHLIGHTS
~41,000 One Square Feet or Land with NNN Lease Retail Building Frontage on 4 Streets with Drive-thru and Parking
~23,113 Six Gross Square Multi-Level Garages Rentable Feet
100% Accessible Commercial Occupancy by B&D trains
One 3-story Proximity to Mixed Use Building Cross Bronx, Sheridan, & Bruckner Expressways
8 • WEBSTER CARTER PORTFOLIO INCOME MIX $48,000 9%
$191,520 $278,923 37% 54%
Residential Commercial Retail
SQUARE FOOTAGE MIX
2,100 11,000 9% 44%
11,713 47%
Residential Commercial Retail
9 1674 Carter Avenue
1715 Webster Avenue
10 • WEBSTER CARTER PORTFOLIO BLOCK 2889 LOT 88 1680 Carter Avenue
1731 Webster Avenue
BLOCK 2889 LOT 61
11 PROPERTY INFORMATION
PROPERTY INFORMATION Address: 1731 Webster Avenue 1674 Carter Avenue 1680-1700 Carter Avenue Combined 1715 Webster Avenue Combined Portfolio Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Block & Lot: 2889-61 2889-61 2889-61 2889-61 2889 - 88 2889 - 61, 88 Lot Dimensions: 165' x 76' 213' x 68.25' 187' x 35' Irregular 100' x 75' Irregular Irregular Lot SF: 13,840 12,900 7,403 34,143 6,555 40,698 SF (approx.)
BUILDING INFORMATION Stories: 1 1 1 1 3 Parking Spaces: 15
Above Grade Gross SF: 2,800 6,688 5,025 14,513 10,300 24,813 SF (approx.) Below Grade Gross SF: 0 0 0 0 0 0 SF (approx.) Total Gross SF: 2,800 6,688 5,025 14,513 10,300 24,813 SF (approx.)
Residential Units: 0 0 0 0 2 2 Commercial Units: 1 3 3 7 4 11 Total Units: 1 3 3 7 6 13
Gross Residential SF: 2,100 2,100 SF (approx.) Net Residential SF: 1,785 1,785 15% Loss Factor Avg. Net Unit SF: 893 893 SF (approx.)
Above Grade Commercial SF: 2,800 6,688 5,025 14,513 8,200 22,713 SF (approx.)
Assessment (21/22): $848,700 $647,550 $1,496,250 Annual Property Tax (21/22): $90,760 $69,249 $160,009
Tax Rate: 10.6940% 10.6940% 10.6940% Tax Class: 4 4 4
ZONING INFORMATION Zoning: M1-1 M1-1 M1-1 Residential FAR: 1.00 1.00 1.00 Community Facility FAR: 2.40 2.40 2.40
Total Buildable SF (As-of-Right): 34,143 6,555 40,698 SF (approx.) Less Existing Structure: (14,513) (10,300) (14,513) SF (approx.) Available Air Rights (As-of-Right): 19,630 Overbuilt 26,185 SF (approx.)
12 • WEBSTER CARTER PORTFOLIO PROPERTY INFORMATION Address: 1731 Webster Avenue 1674 Carter Avenue 1680-1700 Carter Avenue Combined 1715 Webster Avenue Combined Portfolio Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Bronx, NY 10457 Block & Lot: 2889-61 2889-61 2889-61 2889-61 2889 - 88 2889 - 61, 88 Lot Dimensions: 165' x 76' 213' x 68.25' 187' x 35' Irregular 100' x 75' Irregular Irregular Lot SF: 13,840 12,900 7,403 34,143 6,555 40,698 SF (approx.)
BUILDING INFORMATION Stories: 1 1 1 1 3 Parking Spaces: 15
Above Grade Gross SF: 2,800 6,688 5,025 14,513 10,300 24,813 SF (approx.) Below Grade Gross SF: 0 0 0 0 0 0 SF (approx.) Total Gross SF: 2,800 6,688 5,025 14,513 10,300 24,813 SF (approx.)
Residential Units: 0 0 0 0 2 2 Commercial Units: 1 3 3 7 4 11 Total Units: 1 3 3 7 6 13
Gross Residential SF: 2,100 2,100 SF (approx.) Net Residential SF: 1,785 1,785 15% Loss Factor Avg. Net Unit SF: 893 893 SF (approx.)
Above Grade Commercial SF: 2,800 6,688 5,025 14,513 8,200 22,713 SF (approx.)
Assessment (21/22): $848,700 $647,550 $1,496,250 Annual Property Tax (21/22): $90,760 $69,249 $160,009
Tax Rate: 10.6940% 10.6940% 10.6940% Tax Class: 4 4 4
ZONING INFORMATION Zoning: M1-1 M1-1 M1-1 Residential FAR: 1.00 1.00 1.00 Community Facility FAR: 2.40 2.40 2.40
Total Buildable SF (As-of-Right): 34,143 6,555 40,698 SF (approx.) Less Existing Structure: (14,513) (10,300) (14,513) SF (approx.) Available Air Rights (As-of-Right): 19,630 Overbuilt 26,185 SF (approx.)
13 COMBINED REVENUE
RESIDENTIAL REVENUE Unit Beds Baths Status Exp. Monthly Rent 2nd Floor FM Vacant $2,000 3rd Floor FM Vacant $2,000 Gross Monthly Residential Revenue: $4,000 Gross Annual Residential Revenue: $48,000 Average Rent per Unit: $2,000 Average Rent per Net SF: $26.89
COMMERCIAL REVENUE Monthly Monthly Tax Total Monthly Unit Tenant SF Lease Exp. Base Rent Reimb. Rent 1731 Webster Taco Bell / KFC 2,800 $9,125 $1,919 $11,044 1674 A Carter Castillo Motor Sport Auto Clinic 2,304 Dec-21 $3,300 $3,300 1674 B Carter Valdivia Auto Body 2,124 Dec-21 $3,000 $3,000 1674 C Carter Oscar Auto Repair Corp. 2,260 Dec-21 $3,000 $3,000 1680 B Carter Azteca Iron Work Corp. 1,266 Dec-21 $1,400 $1,400 1680 D Carter EB General Contractor 1,266 Dec-21 $1,260 $1,260 1700 A Carter Willys Auto Repair Corp. 2,493 Dec-21 $4,000 $4,000 1709 Webster La Lonchenera 2,000 May-22 $2,000 $2,000 1713 Webster Wilson Jr. - Imtax 1,100 Dec-21 $2,500 $2,500 1715 Webster Ayada 1,100 $2,300 $2,300 1717 Webster J & A Auto 4,000 Dec-21 $5,400 $5,400 Gross Monthly Commercial Revenue: $39,204 Gross Annual Commercial Revenue: $470,443 Average Rent per SF (Above Grade): $20.71
Gross Monthly Combined Revenue: $43,204 Gross Annual Combined Revenue: $518,443
14 • WEBSTER CARTER PORTFOLIO 15 INVESTMENT BREAKDOWN
BLOCK 2889 BLOCK 2889 LOT 88 LOT 61
1731 Webster Avenue
16 • WEBSTER CARTER PORTFOLIO 1731 WEBSTER AVENUE
PROPERTY INFORMATION Property Name: Taco Bell / KFC Address: 1731 Webster Avenue Bronx, NY 10457 Block & Lot: 2889-61 Lot Dimensions: 165' x 76' Lot SF: 13,840
BUILDING INFORMATION Stories: 1 Parking Spaces: 15 Above Grade Gross SF: 2,800 Below Grade Gross SF: 0 Total Gross SF: 2,800 Residential Units: 0 Commercial Units: 1 Total Units: 1 Above Grade Commercial SF: 2,800
REVENUE Monthy Annual Base Tax. Total Annual Unit Tenant SF Lease Exp. $ / SF $ / SF Base Rent Rent Contrib. Revenue 1731 Webster Taco Bell / KFC 2,800 - $9,125 $109,500 $39.11 $23,023 $132,523 $47.33 Total 2,800 $9,125 $109,500 $39.11 $23,023 $132,523 $47.33
17 1674 Carter Avenue
BLOCK 2889 BLOCK 2889 LOT 88 LOT 61
18 • WEBSTER CARTER PORTFOLIO 1674 CARTER AVENUE
PROPERTY INFORMATION Property Name: Castillo Motorsport Auto Clinic, Valdivia Auto Body, Oscar Auto Repair Corp. Address: 1674 Carter Avenue Bronx, NY 10457 Block & Lot: 2889-61 Lot Dimensions: 213' x 68.25' Lot SF: 12,900
BUILDING INFORMATION Stories: 1 Above Grade Gross SF: 6,688 Below Grade Gross SF: 0 Total Gross SF: 6,688 Residential Units: 0 Commercial Units: 3 Total Units: 3 Above Grade Commercial SF: 6,688
REVENUE Monthy Annual Base Unit Tenant SF Lease Exp. $ / SF Base Rent Rent 1674 A Carter Castillo Motorsport Auto Clinic 2,304 Dec-21 $3,300 $39,600 $17.19 1674 B Carter Valdivia Auto Body 2,124 Dec-21 $3,000 $36,000 $16.95 1674 C Carter Oscar Auto Repair Corp. 2,260 Dec-21 $3,000 $36,000 $15.93 Total 6,688 $9,300 $111,600 $16.69
19 1680 Carter Avenue
BLOCK 2889 BLOCK 2889 LOT 88 LOT 61
20 • WEBSTER CARTER PORTFOLIO 1680 CARTER AVENUE
PROPERTY INFORMATION Property Name: Azteca Iron Work Corp., EB General Contractor, Willys Auto Repair Corp. Address: 1680-1700 Carter Avenue Bronx, NY 10457 Block & Lot: 2889-61 Lot Dimensions: 187' x 35' Lot SF: 7,403
BUILDING INFORMATION Stories: 1 Above Grade Gross SF: 5,025 Below Grade Gross SF: 0 Total Gross SF: 5,025 Residential Units: 0 Commercial Units: 3 Total Units: 3 Above Grade Commercial SF: 5,025
REVENUE Monthy Annual Base Unit Tenant SF Lease Exp. $ / SF Base Rent Rent 1680 B Carter Azteca Iron Work Corp. 1,266 Dec-21 $1,400 $16,800 $13.27 1680 D Carter EB General Contractor 1,266 Dec-21 $1,260 $15,120 $11.94 1700 A Carter Willys Auto Repair Corp. 2,493 Dec-21 $4,000 $48,000 $19.25 Total 5,025 $6,660 $79,920 $15.90
21 BLOCK 2889 BLOCK 2889 LOT 88 LOT 61
1715 Webster Avenue
22 • WEBSTER CARTER PORTFOLIO 1715 WEBSTER AVENUE
PROPERTY INFORMATION Property Name: La Lonchenera, Wilson Jr. - Imtax, Ayada, J & A Auto Address: 1715 Webster Avenue Bronx, NY 10457 Block & Lot: 2889 - 88 Lot Dimensions: 100' x 75' Lot SF: 6,555
BUILDING INFORMATION Stories: 3 Above Grade Gross SF: 10,300 Below Grade Gross SF: 0 Total Gross SF: 10,300 Residential Units: 2 Commercial Units: 4 Total Units: 6 Gross Residential SF: 2,100 Net Residential SF: 1,785 Avg. Net Unit SF: 893 Above Grade Commercial SF: 8,200 Assessment (21/22): $647,550 Annual Property Tax (21/22): $69,249 Tax Rate: 10.6940% Tax Class: 4
RESIDENTIAL REVENUE Unit Beds Baths Status Exp. Monthly Rent 2nd Floor FM Vacant $2,000 3rd Floor FM Vacant $2,000 Gross Monthly Residential Revenue: $4,000 Gross Annual Residential Revenue: $48,000 Average Rent per Unit: $2,000 Average Rent per Net SF: $26.89
COMMERCIAL REVENUE Unit Tenant Lease Exp. Rent Inc. Monthly Rent 1709 La Lonchenera May-22 $2,000 1713 Wilson Jr. - Imtax Dec-21 $2,500 1715 Ayada $2,300 1717 J & A Auto Dec-21 $5,400 Gross Monthly Commercial Revenue: $12,200 Gross Annual Commercial Revenue: $146,400 Average Rent per SF (Above Grade): $17.85
23 PROPERTY PHOTOS
24 • WEBSTER CARTER PORTFOLIO 25 NEIGHBORHOOD
Beginning in the 19th and 20th centuries, immigrants Recently, the Bronx has seen tremendous growth due to started to migrate to the Bronx from Ireland, Germany, increased investment activity from both the private and and Italy, and later from Puerto Rico, Jamaica, and the public sectors. Exciting developments have popped up Dominican Republic. This huge cultural mix has made the across the entire borough, including market rate housing, Bronx a haven for Latin music, outstanding soul food, and high-tech office space, and new TV & film studios. some of the most passionate New York Yankee fans on the Additionally, a substantial portion of the Jerome Avenue planet. Residents of the Bronx have the luxury of enjoying commercial corridor was rezoned. The rezoning seeks to low rents with easy accessibility to Manhattan and the transform the low-density manufacturing strips into a new surrounding boroughs via the numbers transportation residential development district with mid-rise apartment options available. Today, the Bronx is the third most buildings, thriving retail, and community facilities. densely populated county in the United States.
26 • WEBSTER CARTER PORTFOLIO BRONX BOTANICAL GARDENS
LOCATION: Bronx Park
DESCRIPTION: The New York Botanical Garden is a National Historic Landmark located in the Bronx. The site sits on about 250 acres and supports over one million plants from extensive collections. Annually, there are upwards of one million people who come from all around the globe to learn about ecology, plant science, and enjoy healthful eating. The New York Botanical Garden also operates one of the world’s largest plant research and conservation programs on the planet.
BRONX ZOO
LOCATION: Bronx Park
DESCRIPTION: The Bronx Zoo was first opened in 1899 and is the largest metropolitan zoo in the United States. The zoo sees on average 1.5 million annual visitors and is comprised of over 265 acres. The zoo is primarily known for its large and diverse animal collection.
YESHIVA EINSTEIN CAMPUS
LOCATION: 1400 Pelham Parkway South
DESCRIPTION: Jacobi Medical Center is a public hospital that is operated by NYC Health + Hospitals in affiliation with the Albert Einstein College of Medicine. The hospital was first opened in 1955 and is located in the Morris Park neighborhood of the Bronx. The facility provides healthcare for over 1.2 million people in New York.
FORDHAM UNIVERSITY
LOCATION: 441 East Fordham Road
DESCRIPTION: Fordham University, in the north Bronx, is spread across 85 acres and features Gothic architecture and tree-lined walkways. The campus was established in 1841 and currently has 7,228 enrolled students. The Rose Hill campus which acts as the main campus includes the Gabelli School of Business and graduate programs in Arts and Sciences, and Religion and Religious Education.
27 E th St Morton Pl E Burnside Ave E st St E th St E th St
W Tremont Ave Creston Ave B Valentine Ave E th St E th St Morris Ave Monterey Ave W th St Echo Pl D Ryer Ave Alden Pl E th St E th St
rd Ave
Echo Pl Grand Ave Mt Hope Pl Bathgate Ave TREMONT E th St E Tremont Ave Anthony Ave W th St E th St
E Tremont Ave Mt Hope Pl Grand Concourse ¤£1
Davidson Ave Townsend Ave E th St MOUNT HOPE E th St Jerome Ave Henwood Pl Monterey Ave Washington AveCLAREMONT La Fontaine Ave Arthur Ave -BATHGATE W Cliord Pl
E th St E th St Hughes Ave E th St Carter Ave E Cliord Pl
E th St Belmont Ave Featherbed Ln Prospect Pl
Weeks Ave Eastburn Ave
Monroe Ave
B Topping Ave Arthur Ave
Clay Ave D 95 3A ¦¨§ Park Ave E th St 2B Ittner Pl Belmont Ave E th St Ittner Pl E th St 95 ¦¨§ Crotona AveFairmount Pl E Mt Eden Ave E th St
Eastburn Ave Cross Bronx Expy S Anthony Ave Carter Ave 3 E th St Grand Concourse E rd St E th St Mt Eden Pkwy
Mt Eden Pkwy E th St Hawkstone St E Mt Eden Ave Crotona Park N
E th St Webster Ave Fulton Ave Belmont St Rockwood St
Sheridan Ave Clinton Ave E nd St
Walton Ave Prospect Ave
Selwyn Ave E rd St
E nd St Bathgate Ave B Teller Ave D E nd St E st St E nd St Wythe Pl
Park Ave E st St
Morris Ave Claremont Pkwy E th St Grand Concourse St College Ave
28 • WEBSTER CARTER PORTFOLIO E th St Morton Pl E Burnside Ave E st St E th St E th St
W Tremont Ave Creston Ave B Valentine Ave E th St E th St Morris Ave Monterey Ave W th St Echo Pl D Ryer Ave Alden Pl E th St E th St
rd Ave
Echo Pl Grand Ave Mt Hope Pl Bathgate Ave TREMONT E th St E Tremont Ave Anthony Ave W th St E th St
E Tremont Ave Mt Hope Pl Grand Concourse ¤£1
Davidson Ave Townsend Ave E th St MOUNT HOPE E th St Jerome Ave Henwood Pl Monterey Ave Washington AveCLAREMONT La Fontaine Ave Arthur Ave -BATHGATE W Cliord Pl
E th St E th St Hughes Ave E th St Carter Ave E Cliord Pl
E th St Belmont Ave Featherbed Ln Prospect Pl
Weeks Ave Eastburn Ave
Monroe Ave
B Topping Ave Arthur Ave
Clay Ave D 95 3A ¦¨§ Park Ave E th St 2B Ittner Pl Belmont Ave E th St Ittner Pl E th St 95 ¦¨§ Crotona AveFairmount Pl E Mt Eden Ave E th St
Eastburn Ave Cross Bronx Expy S Anthony Ave Carter Ave 3 E th St Grand Concourse E rd St E th St Mt Eden Pkwy
Mt Eden Pkwy E th St Hawkstone St E Mt Eden Ave Crotona Park N
E th St Webster Ave Fulton Ave Belmont St Rockwood St
Sheridan Ave Clinton Ave E nd St
Walton Ave Prospect Ave
Selwyn Ave E rd St
E nd St Bathgate Ave B Teller Ave D E nd St E st St E nd St Wythe Pl
Park Ave E st St
Morris Ave Claremont Pkwy E th St Grand Concourse St College Ave
29 1731 WEBSTER AVENUE
Tax Map
CARTER AVENUE
407’ EAST 173 STREET
61 EAST 174 STREET 68’ 61 25’ 75’ 99’ 50’ 111’ 61 43’ 88 42’ 40’ 102’ 14’ 100’ BLOCK 2889 194’
WEBSTER AVENUE
Zoning Map
30 • WEBSTER CARTER PORTFOLIO Certificate of Occupancy - 1731 Webster Avenue
31 1731 WEBSTER AVENUE
Certificate of Occupancy - 1674-1700 Carter Avenue
32 • WEBSTER CARTER PORTFOLIO 33 1731 WEBSTER AVENUE
Tax Bill
34 • WEBSTER CARTER PORTFOLIO 35 1715 WEBSTER AVENUE
Tax Map
CARTER AVENUE
407’ EAST 173 STREET
61 EAST 174 STREET 68’ 61 25’ 75’ 99’ 50’ 111’ 61 43’ 88 42’ 40’ 102’ 14’ 100’ BLOCK 2889 194’
WEBSTER AVENUE
Zoning Map
36 • WEBSTER CARTER PORTFOLIO I Card
37 1715 WEBSTER AVENUE
I Card
38 • WEBSTER CARTER PORTFOLIO 39 1715 WEBSTER AVENUE
Tax Bill
40 • WEBSTER CARTER PORTFOLIO 41 DISCLAIMER
The Real Property is being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, Cushman & Wakefield the Seller nor any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property. All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, Cushman & Wakefield, the Seller, or their professionals. The Real Property will be sold subject to any and all violations or conditions requiring corrective action. The information contained herein was derived from sources deemed reliable, but is not guaranteed. Most of the information provided has been obtained from third party sources and has not been independently verified. It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Real Property. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Real Property, including without limitation, environmental and physical condition of the Real Property. All prospective bidders are urged to conduct their own due diligence prior to submitting an offer and/or participating in the Public Auction. Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecutio.
42 • WEBSTER CARTER PORTFOLIO 43 JONATHAN SQUIRES JOSH NEUSTADTER MICHAEL FIORAVANTI Senior Director Senior Associate Associate Director 212 660 7775 212 660 7739 212 589 5119 [email protected] [email protected] [email protected]
MAURICE SUEDE DANIEL SOYAK Director Associate 212 589 5131 212 698 5552 [email protected] [email protected]