13720 Cross Bay

OZONE PARK, NY

OFFERING MEMORANDUM

13720 CROSS BAY BOULEVARD

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended

to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other

person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to

provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of

interest in the subject property. The information contained herein is not a substitute for a thorough due diligence

investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with

respect to the income or expenses for the subject property, the future projected financial performance of the property,

the size and square footage of the property and improvements, the presence or absence of contaminating substances,

PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements

thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue

its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from

sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the

information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and

makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.

All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP

AGENT FOR MORE DETAILS.

13720 CROSS BAY BOULEVARDOZONE PARK, NY

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed orimplied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify theinformation and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus& Millichap Real Estate Investment Services of New York, Inc. © 2013 Marcus & Millichap R0330168

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SECTION ONE...............................................PRICING & FINANCIAL ANALYSIS

SECTION TWO

..................................................PROPERTY DESCRIPTION

SECTION THREE......................................DEMOGRAPHIC ANALYSIS



TABLE O

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OZONE PARK, NY

PRICING

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Price $14,500,000

Down Payment 100% $14,500,000

Price per Square Foot (GLA) $467.74

Gross Leasable Area (GLA) 31,000

Year Built/Renovated 1933 / 1999

Lot Size 527x208

VITAL DATA

CAP Rate - Current 6.40%

Net Operating Income - Current $928,637

Total Return - Current 6.40% / $928,637

Offering Summary



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EXISTING FINANCINGLoan Amount $10,000,000Loan Type OtherInterest Rate 5.000%Amortization 25

2

COMMENTSSeller does not want to disclose. Contact Listing Agent for further information.

Financing

PRICING

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CIAL A

NA

LYSIS

Rent Roll 1/10/2013


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 theinformation. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real EstateInvestment Services is a service mark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2013 Marcus & Millichap R0330168

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13720 Cross Bay BoulevardOzone Park, NY 11417

Year Built /Renovated 1933/1999

Fee Simple

Price $14,500,000

Down Payment 100% $14,500,000

Gross Leasable Area (GLA) 31,000

Price/SF $467.74

CAP Rate - Current 6.40%

Year Built /Renovated 1933/1999Lot Size 527x208Type of Ownership Fee Simple



ANNUALIZED OPERATING DATA

PRICING

& FIN

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LYSIS

INCOME CURRENT

Base RentOccupied Space $1,082,238Vacant Space at Market Rents $0

Gross Potential Rent $1,082,238Expense Reimbursements 184,790Gross Potential Income $1,267,028Effective Gross Income $1,267,028Total Expenses 338,391Net Operating Income $928,637Total Return 6.40% / $928,637

LOCATION

5

EXPENSESReal Estate Taxes $266,198Insurance 16,512

Repairs & Maintenance 5,000TOTAL CAM $5,000Management Fee (% of EGI) 4% / $50,681TOTAL EXPENSES $338,391EXPENSES/SF $10.92

Financial Overview

13720 CROSS BAYBOULEVARDOZONE PARK, NY

PROPERTY D

ESCRIPTION

The subject property is a 31,000 square feet retail stripe located on Cross Bay Boulevard from Albert Road to Van Wicklen Road in Ozone Park section of Queens.

The building is irregular shape, built 290 feet x 128 feet sitting on a 527 feet x 208 feet lot with parking space at the back of the building.The property contains six tenants and is 100% occupied currently. Theproperty contains six-tenants and is 100% occupied currently. The average per square feet is $36.



PROPERTY D

ESCRIPTION

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INVESTMENT HIGHLIGHTS

Investment Overview

290' Frontage on Cross BayBoulevard

100% Occupancy

37,000 Car Traffic Per Day onCross Bay Boulevard

NN Leases

Parking Space

PROPERTY D

ESCRIPTION

THE OFFERING

Property Address 13720 Cross Bay BoulevardOzone Park, NY 11417

SITE DESCRIPTION

Year Built/Renovated 1933 / 1999Gross Leasable Area (GLA) 31,000 SFLot Size 527x208Type of Ownership Fee Simple



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Property Summary



PROPERTY D

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Property Photos



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Property Photos



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Property Photos



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Property photos



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Property Photos



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Property Photos



PROPERTY D

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Property photos

LOCAL MAP


REGIONAL MAP


PROPERTY D

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Area Maps

PROPERTY D

ESCRIPTION

Plot Map



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PROPERTY D

ESCRIPTION

Aerial Photo



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13720 CROSS BAYBOULEVARDOZONE PARK, NY

DEM

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1 Miles: 3 Miles: 5 Miles:

1990 Population 52,746 465,070 1,447,5602000 Population 63,031 538,683 1,606,6642007 Population 64,252 550,171 1,630,1822012 Population 65,137 558,734 1,648,481

1990 Households 20,011 154,002 505,8082000 Households 22,332 172,888 549,5072007 Households 22,637 175,372 553,0482012 Households 22,862 177,278 556,3122007 Average Household Size 2.82 3.11 2.91

2007 Daytime Population 12,698 104,563 318,033

1990 Median Housing Value $174,389 $163,106 $173,4082000 Median Housing Value $191,832 $181,455 $190,765

2000 Owner Occupied Housing Units 53.2% 40.2% 35.0%2000 Renter Occupied Housing Units 42.6% 54.0% 59.2%2000 Vacant 4.23% 5.82% 5.73%



$ 0 - $ 14,999 14.1% 19.5% 20.3%$ 15,000 - $24,999 9.3% 10.1% 10.4%$ 25,000 - $34,999 9.6% 10.4% 10.3%$ 35,000 - $49,999 15.1% 14.0% 13.9%$ 50,000 - $74,999 19.1% 18.2% 17.9%$ 75,000 - $99,999 13.9% 12.0% 11.5%$100,000 - $124,999 8.5% 6.7% 6.5%$125,000 - $149,999 4.6% 3.8% 3.7%$150,000 - $200,000 3.5% 3.0% 3.0%$200,000 to $249,999 0.8% 0.8% 0.8%$250,000 + 1.5% 1.7% 1.7%

Median Household Income $52,022 $45,271 $44,271Per Capita Income $21,167 $18,303 $19,369Average Household Income $59,690 $55,989 $55,446

Demographic data © 2008 by Experian/Applied Geographic Solutions.



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Demographic Report

Geography: 5 Miles

PopulationIn 2007, the population in your selected geography is 1,630,182. The population has changed by 1.46% since 2000. It isestimated that the population in your area will be 1,648,481 five years from now, which represents a change of 1.12%from the current year. The current population is 46.89% male and 53.11% female. The median age of the population inyour area is 36.0, compare this to the US average which is 36.7. The population density in your area is 20,756.12 peopleper square mile.

HouseholdsThere are currently 553,049 households in your selected geography. The number of households has changed by 0.64%since 2000. It is estimated that the number of households in your area will be 556,312 five years from now, whichrepresents a change of 0.59% from the current year. The average household size in your area is 2.91 persons.

Income

In 2007, the median household income for your selected geography is $44,271, compare this to the $US average whichis currently $51,680. The median household income for your area has changed by 20.43% since 2000. It is estimated thatthe median household income in your area will be $49,173 five years from now, which represents a change of 11.07%from the current year.

The current year per capita income in your area is $19,369, compare this to the $US average, which is $25,232. Thecurrent year average household income in your area is $55,446, compare this to the $US average which is $65,273.

Race & Ethnicity

The current year racial makeup of your selected area is as follows: 34.04% White, 37.85% Black, 0.45% Native Americanand 13.18% Asian/Pacific Islander. Compare these to US% averages which are: 74.54% White, 12.02% Black, 0.80%Native American and 4.58% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 24.79% of the currentyear population in your selected area. Compare this to the US% average of 15.07%.

HousingThe median housing value in your area was $190,765 in 2000, compare this to the $US average of $115,194 for the sameyear. In 2000, there were 204,234 owner occupied housing units in your area and there were 345,273 renter occupiedhousing units in your area. The median rent at the time was $654.

EmploymentIn 2007, there are 318,033 employees in your selected area, this is also known as the daytime population. The 2000Census revealed that 57.8% of employees are employed in white-collar occupations in this geography, and 42.2% areemployed in blue-collar occupations. In 2007, unemployment in this area is 9.84%. In 2000, the median time traveled towork was 45.4 minutes.




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Summary Report

Number of people living in a given area per square mile.




DEM

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Theme Low HighHigh 168 or moreAbove Average 106 168Average 67 106Below Average 42 67Low less than 42

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Population Density

Population Density

The number of people employed in a given area per square mile.




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Theme Low HighHigh 78 or moreAbove Average 49 78Average 31 49Below Average 20 31Low less than 20

Employment Density

Employment Density

Average income of all the people 15 years and older occupying a single housing unit.




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Theme Low HighHigh $130,546 or moreAbove Average $82,239 $130,546Average $51,807 $82,239Below Average $32,637 $51,807Low less than $32,637

Average Household Income

Average Household Income

OFFERING MEMORANDUM

OZONE PARK, NY

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13720 Cross Bay

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