PowerPoint Presentation...FINANCIAL OVERVIEW. 16 Unit Co- op Package at 342 West 21st Street. Peter...

16UNITS

$907PRICE /SF

4.1%PRO FORMA CAP RATE

9,650GROSS SQUARE FEET

$187,092CO-OP MAINTENANCE

15.5PRO FORMA GRM

Peter Von Der AheTel: (212) 430-5114 [email protected]

Joe KoicimTel: (212) [email protected]

David LloydTel: (212) [email protected]

Logan MarkleyTel: (212) [email protected]

Andrew Dansker | Financing InquiriesTel: (212) [email protected]

L I S T I N G M E T R I C S

16-Unit Co-op Package at 342 West 21st Street

is being offered at$8,750,000

F I NANCIAL OVERVI EW

1 6 U n i t C o - o p P a c k a g e a t 3 4 2 W e s t 2 1 s t S t r e e t

Peter Von Der AheTel: (212) 430-5114

Andrew DanskerTel: (212) 430-5168

Financing Inquiries:

Joe KoicimTel: (212) 430-5147

David LloydTel: (212) 430-5185

Logan MarkleyTel: (212) 430-5194

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 accuracyof the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections,opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap

$/SF $907$/UNIT $546,875 INCOME CURRENT PRO FORMATOTAL SF 9,650 Gross Potential Residential Rent $374,299 $563,071TOTAL UNITS 16 Gross Income $374,299 $563,071

CURRENT METRICS Other Income $1,091 $1,091CAP RATE 2.0% Effective Gross Income $364,161 $541,639GRM 23.3 Average Residential Rent/Month/Unit $1,949 $2,933

PRO FORMA METRICS

CAP RATE 4.1% EXPENSESGRM 15.5 Co-op Maintenance $187,092 $187,092CASH ON CASH 3.13% Total Expenses $187,092 $187,092

Net Operating Income $177,069 $354,547

EXPENSE RATIO UPSIDE ANALYSIS LEASE STATUS ANALYSISUNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENTTotal Units -- 16 $1,949Total RS Units 25% 4 $748Total RC Units 6% 1 $529Total FM Units 69% 11 $2,515Total Commercial -- 0 $0

UNIT TYPE ANALYSISTYPE % OF TOTAL TOTAL AVG. RENTStudio 0% 0 $01 Bedroom 94% 15 $1,8332 Bedroom 6% 1 $3,695

Vacancy/Collection Loss

$2,933 PRO FORMAAVERAGE MONTHLY RENT

69%

$8,750,000($22,523)($11,229)

GROSS TOTAL SF

9,650 $907$/SF

OFFERING PRICE

51%

RATIO OFFAIR MARKET UNITS

0% PROPERTY TAXESRATIO

$0$500

$1,000$1,500$2,000$2,500$3,000$3,500$4,000

1 Bedroom 2 Bedroom

Current Avg RS UnitsMarket RentsCurrent Avg FM Rents

RENT ROLL


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 accuracyof the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections,opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus &Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap







RESIDENTIAL RENTUNIT# LEASE STATUS NOTES BEDROOMS ROOMS SF EXPIRATION ACTUAL PRO FORMA $/PSF MAINTENANCE

AND TAXES

1A RS 1 Bedroom 3 550 Jan-18 $726 $726 $16 $8971B FM Delivered Vacant 1 Bedroom 3 600 Jan-18 $2,075 $3,850 $77 $8971C FM Delivered Vacant 1 Bedroom 3 400 Jan-18 $2,395 $3,000 $90 $1,3451D FM 1 Bedroom 3 650 Jan-18 $2,345 $3,850 $71 $7971E RS 1 Bedroom 3 650 Jan-18 $880 $880 $16 $8972B FM 1 Bedroom 3 600 Jan-18 $2,795 $3,850 $77 $9962C FM 2 Bedroom 4 700 Jan-18 $3,695 $5,750 $99 $1,4942D RS 1 Bedroom 3 650 $529 $529 $10 $8973D RS 1 Bedroom 3 650 Jan-18 $651 $651 $12 $8974A FM 1 Bedroom 3 550 Jan-18 $2,570 $3,850 $84 $9964B FM 1 Bedroom 3 600 Jan-18 $2,445 $3,850 $77 $9964D FM 1 Bedroom 3 650 Jan-18 $2,445 $3,850 $71 $8975A FM Delivered Vacant 1 Bedroom 3 550 Jan-18 $2,600 $3,850 $84 $9966A RC Pays $90.90/month for fuel 1 Bedroom 3 550 Jan-18 $737 $737 $16 $8976D FM 1 Bedroom 3 650 Jan-18 $1,909 $3,850 $71 $7976E FM 1 Bedroom 3 650 Jan-18 $2,395 $3,850 $71 $897MONTHLY RESIDENTIAL REVENUE 17 49 9,650 $31,192 $46,923 $15,591

ACTUAL PRO FORMATOTAL ANNUAL REVENUE $374,299 $563,071There are currently 3 vacant units in the building. The super lives off site.

CITY: New Yorki

STATE: NYi

BLOCK & LOT: 744 / 63i

LOT DIMENSIONS: 50 x 92i

LOT SF: 4,600i

BUILDING DIMENSIONS: 50 x 74i

GROSS SF OF 16 UNITS: 10,550i

ZONING: R7Ai

MAX FAR: 3.00i

AVAILABLE AIR RIGHTS: Nonei

LANDMARK DISTRICT: Nonei

HISTORIC DISTRICT: Nonei

ANNUAL PROPERTY TAX BILL: __$205,369i

TAX CLASS: 2i


PROPERTY DESCR I PT ION








EXTER I ORS








I NTER IORS







www.newyorkmultifamily.com 212 430 5114







PowerPoint Presentation...FINANCIAL OVERVIEW. 16 Unit Co- op Package at 342 West 21st Street. Peter...

Documents

Transcript of PowerPoint Presentation...FINANCIAL OVERVIEW. 16 Unit Co- op Package at 342 West 21st Street. Peter...