Exclusive Offering Memorandum 221 CALYER STREET Greenpoint, Brooklyn ±3,780 Square Foot, Three-Story Walk-Up Apartment Building - 6 Free Market Units 221 CALYER STREET 221 CALYER STREET Executive Summary 3 Financial Information 4 Exterior Photos 5 Interior Photos 6 Location Description 7 Transportation Map 9 Confidentiality & Disclaimer 10 CONTACTS Benjamin Tapper Gary Meese Senior Director, Principal Senior Director, Financial Services
[email protected] [email protected] 646.658.7334 646.658.7351 EASTERN CONSOLIDATED | 355 LEXINGTON AVENUE | NEW YORK, NY 10017 | WWW.EASTERNCONSOLIDATED.COM Executive Summary As exclusive agent, Eastern Consolidated is pleased to present for sale 221 Calyer Street, Greenpoint, Brooklyn (the “Property”), a ±3,780 square foot, three-story walk-up apartment building. The Property is located on the north side of Calyer Street between Eckford Street and McGuinness Boulevard. The ±28’ foot wide building contains six 2 bedroom/1 bathroom apartments, all of which are free market. The apartments have been renovated over the course of the last 10 years including individual apartment renovations as well as structural, mechanical and common area capital expenditure upgrades. All of the apartments are currently rented at an average monthly rent of ±$1,983 or approximately $42 per square foot. The offering presents an opportunity for investors to acquire a multifamily in great physical condition with upside due to the in-place below market rents. The Property is very well located in the highly sought-after Williamsburg-Greenpoint submarket in North Brooklyn and is 3 blocks from the Greenpoint Avenue G train station at Manhattan Avenue. The Property is a short walking distance to McCarren Park, McGolrick Park and waterfront parks along the East River, and an array of neighborhood amenities including specialty retail, markets and restaurants.