2341 CONEY ISLAND AVENUE, BROOKLYN, NY 11223 SHEEPSHEAD BAY | DELIVERED VACANT 3-STORY WALKUP WITH 2 APARTMENTS AND 1 STORE

Address: 2341 CONEY ISLAND AVENUE, BROOKLYN, NY 11223 Between Avenue T & Avenue U

Description: Built in 1928, this 3-story walkup building with 2 apartments and 1 store consists of 4,300± SF. Neighborhood Sheepshead Bay Block/Lot 7315/71 Buildings on Tax Lot 2 Lot & Built Size 40’ x 100.33’ built 85’ Stories 3 Total Apartments & Rooms 2 & 12 Zoning R6A, C2-3 FAR (built/allowed) 2.13/3.00 Assessment/Taxes (18/19) $423,540/$44,531 1st Mortgage: Delivered Free & Clear

Income: Apartments (projected) $ 64,800 Commercial (projected) $ 72,000 $ 136,800 Estimated Taxes (18/19) $ 22,265 Expenses: Water & Sewer $ 2,000 Payroll & Benefits $ 1,200 Fuel (gas) $ 2,400 Insurance $ 1,200 Utilities $ 1,000 Repairs, Maintenance, Misc. $ 2,000 $ 32,065 Estimated Net Operating Income: $ 104,735

Price: $ 2,500,000 ALL CASH Remarks: Near the Avenue U Station on the [B,Q] trains.

Projected Average Rent / Apartment & Room $ 2,700 & $ 450 Metrics: Price / SF $ 581 Cap Rate (%) 4.2

1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 2341 CONEY ISLAND AVENUE, BROOKLYN, NY 11223 SHEEPSHEAD BAY | DELIVERED VACANT 3-STORY WALKUP WITH 2 APARTMENTS AND 1 STORE

RESIDENTIAL RENT ROLL APT # TENANT NAME RENT/MONTH ROOMS Status 1 Tenant 1 (Vacant – Projected) $2,700.00 6 FM 2 Tenant 2 (Vacant – Projected) $2,700.00 6 FM Residential Monthly Total $5,400.00 12 Residential Annual Total $64,800.00

COMMERCIAL RENT ROLL Unit # TENANT NAME RENT/MONTH SQ. FT. $/SF 2341 Vacant - Projected $6,000.00 2,000 $36.00 Commercial Monthly Total $6,000.00 Commercial Annual Total $72,000.00

PROPERTY PHOTO

1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. 2341 CONEY ISLAND AVENUE, BROOKLYN, NY 11223 SHEEPSHEAD BAY | DELIVERED VACANT 3-STORY WALKUP WITH 2 APARTMENTS AND 1 STORE

NEIGHBORHOOD MAP

TAX MAP

1 1 W e s t 2 0 t h S t r e e t , 4 t h F l o o r , N e w Yo r k , N Y 1 0 0 1 1 ( 2 1 2 ) 2 6 8 – 8 0 4 3 · w w w. p r i m e m a n h a t t a n . c o m

Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.