554 Dekalb Avenue Bedford-Stuyvesant, Brooklyn, Ny

554 DEKALB AVENUE BEDFORD-STUYVESANT, BROOKLYN, NY

For further information, please contact exclusive agents: DJ Johnston William Cheng Partner, Senior Managing Director Director (646) 933-2619 (646) 933-2623 [email protected] [email protected]

Bryan Kirk Michael Murphy B6 REAL ESTATE ADVISORS Director Associate 1040 Avenue of the Americas, 8th Floor, New York, NY 10018 (646) 933-2624 (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. 554 DeKalb Avenue Bedford-Stuyvesant, Brooklyn, NY 6 Residential Units Over 2 Stores – 8,640 SF

FOR SALE FORLARGE SALE CORNER MIXED-USE 50% VACANT OPPORTUNITY ZONE

Property Information Location Southwest corner of DeKalb Avenue and Spencer Court. Block & Lot 1778 / 38 Lot Size 24' x 100' Lot SF 2,400 Building Size 24’ x 90' Stories 4 Building SF 8,640 Residential Units 6 Commericial Units 2 Total Units 8 Zoning R7A / C2-4 FAR 4.00 Buildable SF 9,600 Assessment ('18/'19) $50,636 Tax Class 2B R.E. Taxes ('18/'19) $6,440 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 554 DeKalb Avenue, a mixed-use building in the Bedford-Stuyvesant neighborhood of Brooklyn.

• With 124’ of corner frontage and internal air shafts, this property offers large unit layouts and with plenty of light and air, allowing 3-4 BR units.

• The building comprises of approximately 8,640 Gross SF, and includes 6 residential apartments and 2 ground floor retail units.

• Unit 1 and 3 will be delivered vacant, as well as the rear retail, offering immediate upside potential via renovation.

• The building has been very well maintained, with recent updates to the roof, electrical, and boiler.

• The property is situated on the border of Clinton Hill, with access to great retail as well as other amenities, including Pratt Institute.

• The G train is located nearby at Bedford-Nostrand Avenue station on Lafayette Avenue.

For further information, please contact exclusive agents: DJ Johnston William Cheng Price Reduction Partner, Senior Managing Director Director (646) 933-2619 (646) 933-2623 $3,795,000 $3,500,000 ($405 per SF) [email protected] [email protected] Bryan Kirk Michael Murphy B6 REAL ESTATE ADVISORS Director Associate 1040 Avenue of the Americas, 8th Floor, New York, NY 10018 (646) 933-2624 (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. For further information, please contact exclusive agents: DJ Johnston William Cheng Partner, Senior Managing Director Director (646) 933-2619 (646) 933-2623 [email protected] [email protected]

Bryan Kirk Michael Murphy Director Associate B6 REAL ESTATE ADVISORS (646) 933-2624 (646) 933-2639 1040 Avenue of the Americas, 8th Floor, New York, NY 10018 [email protected] [email protected] B6RealEstateAdvisors.com

Revenue Unit Status Type Lease Exp. Net SF $ / SF Rent / Mo. Annual Rent

Corner -- Retail 2023 1,080 $56 $5,000 $60,000

DeKalb Rear Vacant Retail Vacant 1,080 $44 $4,000 $48,000

Apt. 1 Vacant 3 - 4 BR Vacant 1,080 $36 $3,250 $39,000

Apt. 2 -- 3 BR -- 1,080 $10 $938 $11,256

Apt. 3 Vacant 3 - 4 BR Vacant 1,080 $36 $3,250 $39,000

Apt. 4 -- 3 BR -- 1,080 $4 $318 $3,816

Apt. 5 Vacant 3 - 4 BR Vacant 1,080 $36 $3,250 $39,000

Apt. 6 -- 3 BR -- 1,080 $12 $1,086 $13,032

TOTAL 8,640 $29 $21,092 $253,104

Gross Annual Income $253,104 Estimated Expenses B6 Metrics Vacancy & Credit Loss @ 3% $7,593 Real Estate Taxes (18/19) DOF Tax Bill $6,440

Effective Gross Income $245,511 Insurance $500/Unit $4,000 Water & Sewer $1.00/RSF $6,480 Less Total Expenses $46,502 Heating Fuel $1.25/RSF $8,100 Projected Net Operating Income $199,009 Electric (Common) $0.15/GSF $1,296 Repairs & Maintenance 3.0%of EGI $7,365 554 DeKalb Avenue Superintendent $250/Month $3,000 Management 4.0%of EGI $9,820

TOTAL Exp. Ratio: 19% $46,502

For further information, please contact exclusive agents: DJ Johnston William Cheng Partner, Senior Managing Director Director (646) 933-2619 (646) 933-2623 [email protected] [email protected]