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Tuesday, January 31, 2017

MANHATTAN, BROOKLYN, BRONX, QUEENS, BUILDINGS and LAND TO BE DEVELOPED

Call  (970) 481-0033

MANHATTAN 
xxxx Ave, NYC xxxxx - East xxxxxx
Block-thru lot with a 200’ of frontage is located on the west side of xxxx Ave, between E  & E  R8A, R7-2, C1-4 and C1-5 zoning permit approximately 28,730 build able sq ft (as-of-right) for a mixed-use development & approximately 35,419 build able sq ft with a community facility. // Property offers easy access to downtown & outer borough via #6 train - located only 1 block east on xxxx Ave & E xxx St. Asking Price: $x,xxx,000.00 ($xxx.85 per build able sq ft)
 

xxxx xxxth Street – Central xxxxxx
75’ wide site located on north side of X xxx St between XXXXXXXXX & XXXXXXX Ave. / R7-2 Zoning (3.44 FAR) permits approx 25,779 build able square feet (as-of-right) for residential development, and, approx 48,711 build able square feet if Community Facility is included. Currently being rented to a parking lot operator with a $4,000 M to M rent. Easy access to downtown via the 1 train on XXXXXXXX, x train on XXXXXXXXX Ave, XXXXX XXXXXX Parkway & XXXXXX XXXXXX Drive. Great benefit from close proximity to XXXXX College, and XXXXXXXXXXXHospital. Asking price: $x,xxx,000.00
 

XXth Ave Develoment site (W XXth Street)
Short term leases in place for 2 yrs with no options to renew // C6-4/HY zone with 10 FAR & bonuses up to 21 FAR // up to 160,034 SF build able //
 Asking: $xx,xxx,000.00  million ($XXX.68 per bsqf)

East XXXth Street, NYC XXXXX & XRD Ave
Zoning: C6-3 // FAR: 7.52 // Build able: 48,812 // Property is located near subways & from xxxx xxxxx station (xx St station). //
 Price: $xx,xxx,000 or $xxxx per build able sq

East xxnd Street (xxst Ave) //
4-story elevator bldg. with 11 apts & 1 community facility & now approx 9,916 sq ft. Plans exist for 2 add’l floors (4,150 SF), for over 14,000 total sq ft. Tremendous upside in rents; currently average rent is $30 PSF while market exceeds $50 PSF. In 2010 - building underwent a $2.4 M gut renovation. 8 of 11 apts have condo-quality finishes: granite/marble kitchens and bath, stainless steel appliances, d/w, video intercom, recessed lighting, oak flrs, w/d, new windows, new gas boiler, new roof, new electric risers & new sprinkler system. Price: $x,xxx,000.00

BROOKLYN 

xxxxxx Ave -- East xxxxxxxx
Waterfront development site with 6 lots & direct access to Canal. Current zoning M3-1 and FAR is 2. Variance is needed for a residential conversion. Up to 240,000 build able based on current. Proforma income of $609,000 with commercial tenants while variance is obtained.
Firm price is $xx,xxx,000.00  or $xxx.54 per bsqft.
 

xxxxxxxxxx development site with 3 corner / street exposure.
 Plans call for a 42,120 sq ft residential building with 47 apts. Lot 190.42 x 100 with FAR 3, Zoning M1-2 / R6A MX8. Asking Price: $xx,xxx,000.00
 

xxxxxx Ave – Corner of xxxxx Street --
Irregular corner Lot with 97' frontage along xxxxxx Ave & circling to Lot has several pieces combined into 1 large lot with approx build able of 16,910.30 (property shark records are not correct & survey is available). Current income and expenses available.
Asking Price: $x,xxx,000.00
 

xxxxxxx Ave / xxxxxxxx Ave -  
Development site xxxxx. Property has 2 buildings on 1 lot with a total BSF of approx 94,450 (based on property shark). Building 1 has existing 17,000 sf - which undergone extensive renovations & should be ready for occupancy in near future. Building 2 is being used as a wholesale bakery. Lot size: 226.50 x 100 // FAR 4, Zoning C2-4 / R7A … Asking Price is $xx,xxx,000 (if both buildings are bought). Partial sale of building #2 is also available
 

xxxxxx Road at West xth St - xxxxxx xxxxxx, Brooklyn
Vacant lot with R6 zoning // 172,868 as of right build able (2.4 FAR) up to 345,736 build able sq ft ( 4.8 with community facility) // Lot size 288 x 284 feet // Rental comps in the area about $xx – $xx per sq ft
Asking: $xx,xxx,000
 

xxxxxxxx Ave (between xxxx & xxxx St) – near xxxxxxx Center
4 story elevator commercial building with 18,000 gross SF + basement // Delivered vacant at closing (currently occupied by antique dealer) // Lot 50 x 100 / built over the FAR / Projected Income $x,xxx,xxx / Projected expenses $xx,370 / NOI $931,130 // Asking: $xx,xxx,000.00
 

xxxxx Heights // xxxxxxxx Place
 Brooklyn // Located 1 block of xxxxxxx Pkwy & xxxxxAve  / Lot size 80 x 100 / FAR 2.43 / zoning C1-3 / R6 / build able 19,440 sq ft / Price: $x,xxx,000.00
 

xxxxxxxx xxxxxxxx Development site // xxxxxxxx Ave.
Lot size 40 x 110 and 80 x 110 // FAR 2.43 / Zoning R6 / Build able 13,200 sq ft priced at $xxx.75 per build able sq ft ($x,xxx,000.00) &
Build able 21,384 sq ft priced at $xxx.18 per build able sq ft ($x,xxx,000.00)
 

xxxxxxxxxx Development site / xxxx Street
Lot size 100 x 99.5 / FAR 3 / Zoning M1-2 / R6A & R6B / MX8 / buildable 29,850 // Asking Price $x,xxx,000.00

Pennsylvania,  Rite Aid stores.
 Asking Price is $x,xxx.000.00 There is an assumable mortgage of $x,xxx,000 with a mortgage payment of $xxx,000.
Current NOI = $xxx,000. 6.0% CAP based on asking price

BRONX 

xxxxxxxAve Bronx NY
16 unit apartment building with all units are 3 & 4 bedrooms // Gross Rents approx $245,000 / Expenses approx $xx,000 // NOI approx $xxx,000 /// Asking Price $x,xxx,000

11 bldg package /
331 units / ten 5 story buildings & one 6 story with elevator / mostly section 8 tenants / NOI $x.xx M / Price $xx,xxx,000.00

QUEENS 

xxth Ave, xxxxxxx - AKA xrd St xxxxxxx
 Development site with a 50x100 corner lot, R6 zoning. Approved plans available for a 14 unit condo building + 3 stores, with a total buildable of 17,000 sq ft.
 $x,xxx,000.00 asking price.
 

xxth Street,  Development site --
19,029 build able sq ft for only residential (FAR 3) & with community facility total build able 30,744 sq (4.8 FAR). Zoning M1-2 / R6A. $x,x00,000.00 asking price
 

xxxxxxxx blvd, xxxxx xxxxxxx -
Stalled construction site.  Note & Deed sale on as is basis. Approved plans for a 7 story building with elevator contains 24,547 SF above grade (30,460 SF with cellar ) with 21 apts on floors 2 thru 7 plus 2,944 SF of community facility and 633 SF recreation area on 1st floor. Asking Price: $ x,xxx,000.00 Buyer is responsible for ALL title charges (ECB violations approx $xx,000 + transfer tax, etc).

Corner Development site on xxth Street & xxnd Road //
Approved plans for 162,000 sq ft + 25,000 sq ft
below grade // 3 continuous lots, with FAR 12 // Zoning M1-6 / R10 / LIC // $xx,xxx,000.00 will get you a contract
xxxxxx Avenue, xxxxwood --
25,962 square foot vacant land – with 3 tax lots with combined lot frontage of ±163 linear feet along xxxxxx Avenue. Situated on a mid-block site between xxxxx & xxxxxx Avenues on the east side of xxxxxx Avenue, 1 block from xxxxxxxxxx Ave major retail thoroughfare. Property will be delivered with approved plans & site’s total buildable square feet is ±57,000 SF Gross including retail, parking & community facilities. (around 42,000 SF Net) Property comes with 421A tax eligibility & is outside GEA.


TO MOVE FORWARD: MUST HAVE OUR NCND/NDA SIGNED. PLEASE CALL FOR IT.  FOLLOW PROTOCOL TO ENGAGE THE SELLER.
  • BUYER AND BUYER'S AGENT/CONSULTANT SIGNED ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
  • BUYER'S COMPANY WEB-SITE AND/OR BIO. EXECUTIVE SUMMARY.
  • BUYER'S SIGNED ASSET SPECIFIC LETTER OF INTENT. 
  • BUYER MAY PROOF UP TO THE SELLER'S SIDE DIRECTLY.
  • BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE.
Contact (970) 481-0033

Monday, January 2, 2017

undisclosed NEW YORK 4 BUILDINGS Sale

undisclosed NEW YORK 4 BUILDINGS Sale

Call me for access (970) 481-0033
 $ 10,853,000.00
FOLLOW PROTOCOL TO ENGAGE THE SELLER.

4 Buildings
·       93 APARTMENTS
·       363 ROOMS
·       LAYOUT: 6/2…39/3…11/4…32/5…5/6
·       TOTAL RENT ROLL: $1,329,000
·       MONTHLY RENT PER APARTMENT: $1,190.86
·       PER ROOM: $305.10
·       TOTAL MORTGAGES: $6,315,000 (Blended interest rate equals 3.32%)
·       PRICE PER UNIT: $112,903 PRICE PER ROOM: $28,953
CAP RATE: 6.47% CASH ON CASH RETURN: 9.06%

Buildings 1 & 2:
      
DESCRIPTION:

2 /5 story renovated walk-up apartment building each having 11 apartments

The buildings were gut renovated in 1990. Gas Heat controlled by computer.

1 building has individual heating and hot water units in each apartment. They

are landlord controlled by computer. Five of the tenants pay for their own heat.

The other building has 6 series connected gas burners



LAYOUT: 22 / 5 room apartments…110 rooms

INCOME                                            $417,744


ESTIMATED EXPENSES:




·       R.E. TAXES:                                     $ 55,899
·       WATER & SEWER:                        $ 20,900
·       FUEL:                                                $ 25,000 (see description)
·       SUPER: Free apartment only
·       ELECTRIC:                                      $ 6,000
·       INSURANCE:                                   $ 14,000
·       MANAGEMENT-                             $ 12,532
·       REPAIRS & MAINT.:                      $ 11,000


Total:                                                  $ 145,331
NET OPERATING INCOME          $272,413


DEBT

1ST Mortgage in the amount of $1,775,000 pays $ 8,196.37 monthly for interest and amortization at 3.5 % interest. Due July 31, 2017 + 5 year option. Pre-payable with a penalty. the mortgage also calls for escrows.

Building 3                          
       
SIZE: 50’ x 95’ built 50’ x 83’…19,475 SF Building Area


DESCRIPTION: 5 story walk-up apartment building.


LAYOUT: 21 / 1 BR…5 / 2 BR + 1 / 1BR super’s apartment on the 3rd floor.


Total: 27 apartments…86 rooms


INCOME                                              $ 314,217
ESTIMATED EXPENSES:
·       R.E. TAXES:                             $ 42,886
·       WATER & SEWER:                  $  25,493
·       FUEL:                                       $ 60,000 (oil)
·       SUPER: free apartment + repair labor
·       ELECTRIC:                                $ 4,000
·       INSURANCE:                           $ 15,000
·       MANAGEMENT-                     $ 9,426
·       REPAIRS & MAINT.:                $ 15,714
Total:                                                  $ 172,519
NET OPERATING INCOME                  $ 141,698

DEBT-1st MORTGAGE:


$1,440,000 for 5 years due August 15, 2018. Pays $6,268.61 per month


including interest at 3.25%. Right to extend for another 5 years .


Building 4

SIZE: 110.5’ x 98’ built 98’ x 98’5…47,300 SF Building Area
DESCRIPTION: 5 story walk-up apartment building having two separate wings
LAYOUT: 6/Studios…17 / 1BR…6 / 2 BR…10 / 3 BR…5 / 4 BR
Total: 44 Apartments…167 Rooms

INCOME                                              $ 597,180
ESTIMATED EXPENSES:
·       R.E. TAXES:                             $ 67,848
·       WATER & SEWER:                  $ 42,490
·       FUEL:                                       $ 95,000 (oil)
·       SUPER:                                    $ 22,360
·       ELECTRIC:                                $  5,000
·       INSURANCE:                           $ 25,000
·       MANAGEMENT:                     $ 17,915
·       REPAIRS & MAINT.:                $ 23,887
Total:                                                  $ 299,800
NET OPERATING INCOME                  $ 297,380



DEBT-1st MORTGAGE: $3,100,000 for 5 years due September 15, 2018. Pays $13,491.40 per
month including interest at 3.25%. Right to extend for another 5 yearsVisit my website by clicking the link below and if you like what you see, call me for access.
THIS IS AN OFF MARKET ASSET SALE AND MUST STAY OFF MARKET, 
PLEASE DO NOT LET THIS GO VIRAL.


TO MOVE FORWARD: MUST HAVE NCND/NDA SIGNED WITH US.
  • BUYER AND BUYER'S AGENT/CONSULTANT SELLER ASSET SPECIFIC NCND AND MASTER FEE AGREEMENT
  •  BUYER SIGNED ASSET SPECIFIC LETTER OF INTENT.
  •  BUYER'S COMPANY WEBSITE OF RETAIL CENTERS IN THEIR PORTFOLIO. 
  • THE BUYER MAY PROOF UP TO THE SELLERS SIDE DIRECTLY.
  • BUYER IS ENCOURAGED TO PROVIDE A PROOF OF FUNDS WITH THIS BUYER'S PACKAGE. 
  •  Call for access (970) 481-0033