Bed-Stuy 8 Unit Multifamily | New York

OFFERING SUMMARY

Investment Summary

Bed-Stuy 8 Unit Multifamily, is a versatile asset Year Built 1910 that allows an investor to own a multifamily piece Number of Buildings 1 in an emerging part of Bedford-Stuyvesant. The building has windows on 3 sides allowing all of Number of Stories 4 the units to be true four bedroom units equaling Units 8 1,150 SF per unit. Two of the eight units have Zoning R6B legal rents above the deregulation threshold that Total Building SF 10,800 can be brought to market value immediately upon rental turnover. The other 6 units are vastly below the market value allowing an investor to maximize the value on rental turnover.

Highlights

• Building has 90 Feet of Frontage. • The MTA will be shutting down the L train for 18 months beginning the summer of 2019, which allows investors to maximize the J, Z line, which will attract Bushwick and Ridgewood residents that rely on a work commute to Brooklyn/Manhattan. • Walking distance to the A, C Line at Station. • Blocks from the J, Z Line at the Gates Avenue Station. • Accessible to both Broadway and retail shops. • Tax class 2B

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DEVELOPMENTS HOSPITALS 14 Governors Island National 1 Brooklyn Navy Yard 7 Downstate Hospital 3 Monument 15 Park Slope Armory YMCA 2 Nighthawk Theater 8 Kingsbrook 27Jewish Medical Center 16 Prospect Park EDUCATION 9 NYP Brooklyn Methodist 17 The Ravine 3 Brooklyn College Hospital 15 4 LIU - Brooklyn SHOPPING & ENTERTAINMENT PARKS & RECREATION 278 18 Atlantic Terminal Mall EMPLOYMENT 10 Brooklyn Botanic Garden 19 Barclays Center 5 Brooklyn Army Terminal 11 Brooklyn Children’s Museum 18 20 Industry City 6 South Brooklyn Marine Terminal 12 Brooklyn Museum 21 Jane’s Carousel - Brooklyn 13 Brooklyn Public Library Bridge Park

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300 Cadman Plaza West • 12th Floor • Brooklyn, NY 11201 718.673.9350 • www.greysteel.com New York • Los Angeles • Dallas • Fort Worth • Washington D.C. • Philadelphia • Phoenix • Denver • Baltimore • Norfolk NY License No: 10491206967 * Corporate Headquarters and Transaction Services Center

SALES: FINANCE:

MICHAEL STIMLER UMAR KHAN MARK BITTENBENDER Senior Investment Associate Investment Associate Director 718.673.9372 718.679.9097 212.658.1471 [email protected] [email protected] [email protected]

ForFor moremore informationinformation oror toto inquireinquire aboutabout Greysteel,Greysteel, pleaseplease contactcontact AriAri Firoozabadi,Firoozabadi, PresidentPresident && CEOCEO ([email protected]([email protected] || 202.417.3873)202.417.3873) Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Greysteel, seller, and their respective representatives make no representations or warranties, express or implied, regarding the accuracy or completeness of the information in this Offering Summary. Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or Prospective purchasers shall be responsible for performing their own independent due diligence with respect to a possible transaction. This offering is subject to prior placement, withdrawal, cancellation or modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified. modification without notice. All references to acreage, square footage, and other measurements are approximations and must be independently verified. © 2017 Greysteel