545 547 st. marks avenue - brooklyn - new york [bhre group]

CROWN

HEIGHTS

545 -547 St . MARKS AVENUE

BROOKLYN, NY

DEVELOPMENT PROJECT

545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY

PROJECT OVERVIEW

• Location:

Crown Heights in Brooklyn is between Bedford Ave. and Franklin Ave.

Known for its beautiful museums and botanical gardens, Crown Heights is

considered by many to be the next Dumbo or Williamsburg.

• The Deal:

We plan to build 2 buildings with an elevator consisting of 6 units each.

Both buildings will consist of 9,460 sellable sqft.

• Equity being raised from BHRE investors: $1,600,000

• Expected project duration: 24 months

• Investors projected nominal return on cash invested: 47.13%


The Property Existing Status

Address

545-547 St. Marks Avenue

Crown Heights

Brooklyn, New York

Lot

Lot dim: 34 X 128.5 Sqft.

Lot Area: 4369 Sqft.

Zoning: mixture of R6B and R7

Comment

There is an existing building on one of the

lots that will be demolished.


The Property Proposed Status

• Two buildings with six high end units each

• An elevator

• Cellars for the ground floor units

• Terraces for the units above ground

Location in Very High Demand!

Crown Heights-

Crown Heights is a neighborhood in the central portion of the New York City borough of Brooklyn. The main thoroughfare

through this neighborhood is Eastern Parkway, a tree-lined boulevard designed by Frederick Law Olmsted.

The property at 545-547 St. Marks is adjacent to Prospect Heights where prices are already past the $1000/SF


To view on Google maps

https://www.google.co.il/maps/place/547+St+Marks+Ave,+Brooklyn,+NY+11216,+%D7%90%D7%A8%D7%A6%D7%95%D7%AA+%D7%94%D7%91%D7%A8%D7%99%D7%AA%E2%80%AD/@40.6424158,-73.958101,504a,20y,83.11t/data=!3m1!1e3!4m2!3m1!1s0x89c25b9ec4038a07:0x52dba1dbf3551b38?hl=iw

https://www.google.co.il/maps/place/547+St+Marks+Ave,+Brooklyn,+NY+11216,+%D7%90%D7%A8%D7%A6%D7%95%D7%AA+%D7%94%D7%91%D7%A8%D7%99%D7%AA%E2%80%AD/@40.6424158,-73.958101,504a,20y,83.11t/data=!3m1!1e3!4m2!3m1!1s0x89c25b9ec4038a07:0x52dba1dbf3551b38?hl=iw


BUSINESS PLAN

FINANCIALS


Investors Cash on Cash

IRR * Profit Distribution Developer/Investor

%

$ SQFT

ROI Projection Type

תשואה לפרויקטשנתית תשואה

צפויה חלוקת רווח

* יזם /משקיע $

SQFT רמת תשואה צפויה

47.13% 23.56% 30 / 70 800 קונסרבטיבי

Business Plan

58.39% 29.19% 70 / 30 900 אופטימי

Optimistic

* Profit distribution changes apply to the delta / חלוקה הרווחים משתנה בהתאם למדרגות באופן יחסי *

*ROI includes registration fee of 5% * 5%התשואה מחושבת לאחר תשלום דמי רישום של /

FINANCIALS – Sensitivity Analysis

IRR is attractive even in an extreme case of a 4 month delay and/or at a lower sale price


ROI 20 21 22 23 24 25 26 27 28 Extrnal Internal

20.85% 12.51% 11.92% 11.37% 10.88% 10.43% 10.01% 9.62% 9.27% 8.94% $140 $700

27.42% 16.45% 15.67% 14.96% 14.31% 13.71% 13.16% 12.66% 12.19% 11.75% $145 $725

33.99% 20.39% 19.42% 18.54% 17.73% 16.99% 16.32% 15.69% 15.11% 14.57% $150 $750

40.56% 24.33% 23.18% 22.12% 21.16% 20.28% 19.47% 18.72% 18.03% 17.38% $155 $775

47.13% 28.28% 26.93% 25.71% 24.59% 23.56% 22.62% 21.75% 20.94% 20.20% $160 $800

49.94% 29.96% 28.54% 27.24% 26.06% 24.97% 23.97% 23.05% 22.20% 21.40% $165 $825

52.76% 31.65% 30.15% 28.78% 27.52% 26.38% 25.32% 24.35% 23.45% 22.61% $170 $850

55.57% 33.34% 31.75% 30.31% 28.99% 27.79% 26.67% 25.65% 24.70% 23.82% $175 $875

58.39% 35.03% 33.36% 31.85% 30.46% 29.19% 28.02% 26.95% 25.95% 25.02% $180 $900

Project Duration (months) Price Sqft

Estimated Sensitivity Table - price and duration - stage 1 investors

475 Sterling Pl # 4H Sold: August 26, 2014

$873 / SQ.FT

658 Park Pl Sold: October 6, 2014

$822 /SQ.FT

545-547 St. Marks Street

Projected Sale Date: July 2016 B.P : 800 $/ SQ.FT

957 Pacific Street Sold: September 5, 2014

$935 / SQ.FT

COMPARABLES


655 Franklin Ave. Sold: November 6, 2014

$849 / SQ.FT

475 Sterling Pl #31 Sold: August 26, 2014

$889 / SQ.FT

http://www.trulia.com/homes/New_York/Brooklyn/sold/23609731-475-Sterling-Pl-2A-Brooklyn-NY-11238











Terms and Conditions:

Investors receive an annual preferred Cash on Cash return of 10%.

Registration fee is 5% of the investment.

Investments are in units of $50,000.

FINANCIALS T&C’s


BHRE Group specializes in prime location investments which produce attractive returns.

We take an individualized approach when matching your investments with your financial

requirements. We locate the most ideal opportunities to suit each investor’s unique profile.

BHRE Group has exceeded the expectations of hundreds of satisfied investors. Our clients

continuously return for additional investment opportunities and proudly recommend us to their friends

and families.

Our dedicated and professional team attends to every step of your investment process; from the

initial purchase all the way to the deposit of your profits. Our comprehensive and strategic service is

the key to the smoothest investment process possible for your financial success.

Join Us

Aaron Harow [email protected] +972-54-3392418


mailto:[email protected]

BHRE Group LLC www.bhregroup.com

Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 361-723-0927 US cell: 310-600-1267

Disclaimer

This Offering Memorandum has been prepared by BHRE Group LLC regarding the purchase of the property

described herein at 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY

(the “Property”). The materials and information contained in this Offering Memorandum do not purport to be all-

inclusive or to contain all of the information which prospective investors may need or desire. All materials have been

developed by BHRE Group and other sources and are subject to variation and withdrawal.

No representation is made by BHRE Group as to the accuracy or completeness of the information contained herein

and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of

the Property. Although the information contained herein is believed to be correct, BHRE Group and its respective

principals and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise

independent due diligence in verifying all such information.

Further, BHRE Group and its respective principals and employees disclaim any and all liability for representations

and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written

or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute

a representation that there has been no change in the business or affairs of the Property since the date of the

preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering

Memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to

inspect the Property will be made available upon request to interested and qualified investors.

BHRE GROUP LLC DISCLAIMER


http://www.bhregroup.com/

EXTRA

SLIDES

545 -547 ST. MARKS AVENUE

BROOKLYN, NY

DEVELOPMENT PROJECT

PROJECTS IN PROCESS – BHRE GROUP LLC

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55 Maspeth St. Brooklyn, NY

Closing Date: October 1st , 2014


316 Carroll St. Brooklyn, NY

Closing Date: November 17th , 2014


“The Real Deal” May 24, 2014 12:00PM


In Brooklyn, the population has grown by 82,500, but it has gained just 5,300 units

NYC population boom overwhelms housing supply

Summary for Crown Heights

The median sales price for homes in Crown Heights, Brooklyn for Aug 14 to Nov 14 was $756,643 based on 4 sales. Compared to the same period one year ago, the median sales price increased 23%, or $141,259, and the number of sales decreased 60%.

Source: Trulia

Source: PriceWaterhouseCoopers – Emerging Trends 2014

New York City is the only major US

location that has been an attractive

investment prospect for 4 consecutive

years

FUTURE– OUTLOOK

2014 US Real Estate Activity

New York City (NYC)

real estate

improvement is

substantially higher

than all other major

US cities


FINANCIALS - Breakdown

$1,600,275

Projected $800 Up Side $900

24.55% $395,745 10.52% $94,552

Accumulated income

ROI for Investors

Yearly yield for Investors

Investors income before reg. fee

Registration fee

ROI after reg. fee

Yearly yield after reg. fee

47.13%

Investor Income Distribution - Stage 1

Up Side

23.56% 29.19%

$791,852 $981,043

5%

58.39%

ROI and Yearly yield after registration fee

Total Investor's Distribution

Investor's Income

$791,852

Projected

Share from Delta

30.65%

49.48% 61.30%

24.74%

Share from profit

$981,043

545 547 st. marks avenue - brooklyn - new york [bhre group]

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