6 Stone Street Financial District Manhattan, New York, NY OfferingThis information has beenMemorandum secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & p. 1 Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. Activity ID: Z0330538 © 2018 Marcus & Millichap. All rights reserved Non-endorsement Notice 6 Stone Street Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. All property showings are by appointment only. Please consult your Marcus & Millichap agent for more details. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 2 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Pricing and Financial Analysis 6 Stone Street - Financial District Manhattan, NY Pricing and Financial Analysis 6 Stone Street Financial Overview Value Indicators Annual Income Pro Forma Price $7,500,000 Residential Gross Potential Income $144,000 Gross Square Feet 8,605 Other Income $0 # Units 5 Retail Gross Potential Income $363,000 Price Per SF $871.59 Expense Reimbursements $0 Price Per Unit $1,500,000 Vacancy/Collection Loss (3%) ($15,210) Proforma Cap Rate 4.54% Effective Gross Income $491,790 Proforma GRM 14.79 Annual Expenses Pro Forma Property Taxes $110,902 Building Delivered Vacant Fuel $9,000 Water & Sewer $2,500 Insurance $8,500 Repairs & Maintenance $2,500 Common Area Electric $1,361 On Site Payroll $1,500 Management Fee (3%) $15,210 Total Expenses $151,473 Net Operating Income $340,317 Unit Mix Analysis Unit Type No. of Units Average Rent Avg Rent PSF Monthly Rent FM Retail/Comm. Retail 1 $25,000.00 $96.77 $25,000.00 N/A 1 Office 2 $2,625.00 $40.58 $5,250.00 N/A 2 1 Bedroom Apartment 2 $6,000.00 $46.45 $12,000.00 2 N/A Total 5 $42,250 2 3 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 4 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Pricing and Financial Analysis 6 Stone Street Rent Roll 6 Stone Street, Financial District, Manhattan, NY Retail Unit Tenant Approx SF Pro Forma Rent Pro Forma Rent PSF Lease Expiration Ground & 2nd Floor Retail Murphy’s Tavern 3,100 $25,000.00 $96.77 12/31/2020 (NNN) 3rd Floor Office - 550 $1,850.00 $40.36 - 3rd Floor Office - 1,000 $3,400.00 $40.80 - Retail Monthly Income $30,250.00 Apartments Unit Bedrooms Approx SF Status Pro Forma Rent Pro Forma Rent PSF 4th Floor 1 1,550 FM $6,000.00 $46.45 5th Floor 1 1,550 FM $6,000.00 $46.45 Residential Monthly Income $12,000.00 Total Annual Income $507,000 Building Delivered Vacant This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 5 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Pricing and Financial Analysis 6 Stone Street Income & Expenses Building Gross Square Footage 8,605 Number of Units 5 Commercial Units 3 Residential Units 2 Approximate Available Air Rights (SF) 0 Current Potential Income Pro Forma %PGI Per SF Retail Gross Potential Income $363,000 71.60% Vacancy/Collection Loss (3%) ($10,890) Expense Reimbursements $0 Retail Effective Gross Income $352,110 Residential Gross Potential Income $144,000 28.40% Vacancy/Collection Loss (3%) ($4,320) Other Income $0 Residential Effective Gross Income $139,680 Total Effective Gross Income $491,790 Expenses Pro Forma %EGI Per SF Property Taxes $110,902 22.55% $12.89 Fuel $9,000 1.83% $1.05 Water & Sewer $2,500 0.51% $0.29 Insurance $8,500 1.73% $0.99 Repairs & Maintenance $2,500 0.51% $0.29 Common Area Electric $1,361 0.28% $0.16 On Site Payroll $1,500 0.31% $0.17 Management Fee (3%) $15,210 3.09% $1.77 Total Expenses $151,473 30.80% $17.60 Net Operating Income $340,317 This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 6 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Property Description 6 Stone Street - Financial District Manhattan, NY Property Description 6 Stone Street Investment Overview Investment Highlights Marcus & Millichap is pleased to offer 6 Stone Street New York, New York 10004 located between • Rare Prime Stone Street Mixed-Use Building Broadway and Broad Street in the Financial District section of Manhattan, New York. • Building Delivered Vacant 6 Stone Street is a five-story mixed-use building • One-Block to “4” & “5” Subway Lines that consists of one-retail unit, two-residential units and two-office units. The property is built irregular, • There is 24 Feet of Retail Frontage on Stone Street approximately 24 feet by 80 feet and sits on a 24.5- foot by 80-foot-lot with approximately 9,075 gross • Two Free Market Apartment Lofts, Two Offices, and a square feet. The property is zoned C5-5/LM (Block: 10, Lot: 32) Restaurant This property offers investors the rare opportunity to purchase a mixed-use building in the Financial District section of Manhattan, New York. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 8 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Property Description 6 Stone Street Property Summary The Offering Property Address 6 Stone Street New York, NY 10004 Accessor’s Parcel Number 00010-0032 Zoning C5-5/LM Site Description Number of Units 5 Number of Buildings 1 Number of Stories 5 Year Built 1910 Gross Square Feet 9,075 Lot Size 24.5 FT x 77.83 FT Type of Ownership Fee Simple This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 9 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Property Description 6 Stone Street Maps This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 10 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Property Description 6 Stone Street Aerial View This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment p. 11 Services of New York, Inc. © Activity ID: Z0330538 2018 Marcus & Millichap. All rights reserved Property Description 6 Stone Street Neighborhood Overview The Financial District, also commonly referred to as FiDi, is a neighborhood located at the southern tip of the borough of Manhattan in New York City, which comprises the offices and headquarters of many of the city’s major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York.