FULLY-LEASED MIXED-USE BUILDING 74-11 • GREAT EXPOSURE WITH HIGH TRAFFIC ON • CAPITAL ONE BANK NET AVENUE LEASE & CORPORATE • GUARANTEE ASKING PRICE $4,250,000 - 5.3% CAP RATE

BLOCK / LOTS 3065 / 23 LOT DIMENSIONS 57’ X 68’ approx. LOT SQUARE FOOTAGE 5,923 sq. ft., approx.

BUILDING SQUARE FOOTAGE 4,600 sq. ft., approx. STORIES 2 COMMERCIAL UNITS 1 RESIDENTIAL UNITS 3 YEAR BUILT 1931

ZONING R5 / C1-2 ASSESSMENT (18/19) $612,900 REAL ESTATE TAXES (18/19) $64,440

Cushman & Wakefield has been retained on an exclusive basis for the sale of 74-11 on Metropolitan Avenue. Metropolitan Avenue, Middle Village, . 74-11 Metropolitan Avenue is located in proximity to multiple major roadways 74-11 Metropolitan Avenue is a fully leased mixed-use building consisting of a ground including the , Long Island Expressway, floor retail unit previously occupied by Capital One Bank, and two one-bedroom and Woodhaven Boulevard. The Middle Village / Metropolitan Ave M Subway units and one two-bedroom unit. Capital One Bank is no longer occupying their station is half mile west of the property, and the Q54 bus line is available outside space but has a net lease with a corporate guarantee until March 2022. All the the building. apartments are occupied on a month-month bases. All the tenants pay for their Property inspections are by appointment only, please inquire within. own electricity, heating, and cooking gas. The building has a new roof above Capital One and new hot water heater. It also sees a tremendous amount of average daily traffic of over 15,712 cars passing daily

74-11 METROPOLITAN AVE FINANCIAL SUMMARY & PHOTOS RENT ROLL & EXPENSES 74-11 NET OPERATING INCOME METROPOLITAN AVENUE FINANCIAL SUMMARY FLOOR TENANT TYPE LEASE EXPIRATION MONTHLY RENT ANNUAL RENT

1ST Capital One Bank Retail March 2022 $17,308.58 $207,703

1ST One Bedroom Residential Month-Month $1,325 $15,900

2ND Two Bedroom Residential Month-Month $1,750 $21,000

2ND One Bedroom Residential Month-Month $1,650 $19,800

TOTAL $22,033.58 $264,403

EXPENSES GROSS INCOME $264,403

REAL ESTATE TAXES NYC Dept of Fin. $64,440

TAX REIMBURSEMENT ($30,704) ANNUAL EXPENSES ($37,236) INSURANCE per ownership $3,500

TOTAL $37,236 NET OPERATING INCOME $227,167 PHOTOS

CAPITAL ONE BANK CAPITAL ONE BANK RESIDENTIAL STAIRWAY RESIDENTIAL BATHROOM 74-11 METROPOLITAN AVE TAX MAP & SURVEY 74-11 METROPOLITAN AVENUE

TAX MAP SURVEY

74-11 METROPOLITAN AVE FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS:

STEPHEN R. PREUSS MAURICE SUEDE Senior Managing Director Director (718) 512 2118 (212) 589 5131 [email protected] [email protected]

RANI BENDARY KEVIN LOUIE Associate Director Associate (718) 512 2627 (718) 512 2106 [email protected] [email protected]

74-11 METROPOLITAN AVENUE, MIDDLE VILLAGE ASKING PRICE $4,250,000 - 5.3% CAP RATE

118-35 , 14TH FLOOR, FOREST HILLS, NY 11375 WWW.CUSHMANWAKEFIELD.COM