EFTA00794902.pdf

IP ±6,585 SF 320 EAST 11TH STREET Two 4-Story SRO Buildings in Prime East Village Delivered Mostly Vacant 3.6% $369,842 GROSS SF CAP RATE NOI PROPERTY INFORMATION ADDRESS 320 East 11th Street, New York, New York 10003 LOCATION Between First & Second Avenues BOROUGH Manhattan BLOCK/LOT 452/23 LOT SIZE 25' x 94.75' LOT SF ± 2,369 SF BUILDING SIZE Front building: 25' x 35' BUILDING SF ± 6,585 SF Rear building: 25' x 44' FM AS BUILT 2.78 MAX FAR 4 ZONING R8B AIR RIGHTS ± 2.890 SF DESCRIPTION Two 4-story SRO buildings front and rear on the same lot containing 28 single room units plus one store. Both buildings share a common courtyard. 19 of the units have private toilets, and 8 have private showers. Building can be delivered vacant except for 3 permanent tenants, and the store which expires 1/31/2020. C s /sow els. es so .1 FINANCIAL INFORMATION 'N. itsw stair ['faceted / it.' ne. town et. C 0 ' 4,, 'si te GROSS INCOME $498,504 o mi., sr EXPENSES $128,662 Yctk 0 1.1,,nury NOI $369,842 "Ana., fp. en. at. (AY CAP RATE 3.6% Ie REMARKS • Prime East Village location • Short walk to subway • Walk to shopping/restaurants/nightlife ASKING PRICE: $10,250,000 EASTERN CONSOLIDATED W. 355 Lexington Avenue I New York, NY 10017 I 212.499.7700 I Facsimile 212.499.7718 I rfinsab” mtiraraNfer is trim truce ceemea ratase bs. v siefict tocrrir. coisierls. charge at rice aciersis ati othadoalimthaut prix notices ar time. IPP/K12518) EFTA00794902 IP 320 EAST 11TH STREET Two 4-Story SRO Buildings in Prime East Village Delivered Mostly Vacant PROJECTED INCOME PLOT PLAN PROJECTED RESIDENTIAL INCOME $445,032 COMMERCIAL INCOME $53,472 TOTAL INCOME S498.504 1 EXPENSES R.E. TAXES (17/18) $62.562 en auras. 4 4 0 44 44 .11 is a 68* T. , ... • • p 44 a WATER & SEWER $5.100 of • it .!411 ...t11) 0t:4 il R R t -4. - FUEL - OIL BURNER $16.000 .41mata till A 4 4 i MIp o INSURANCE $20,000 • . . , I S 0 0 1 n ELECTRIC $16.000 • REPAIRS & MAINTENANCE $9.000 Ilt• la I :eV. s 4 TOTAL EXPENSES SIM *PAULL ei ir • It R • • • A 4 .t 'CAMEOS* INC ME an C.C 4 0 nu " 0, 11 4 i 0 0 • • • • 8 • • !• V S % • tv NET OPERATING INCOME • 4 o0 401 V if 0 1 OS a O 0 V at . . PROJECTED NOI $369,842 HALLWAY BATHROOMS - FRONT BUILDING HALLWAY BATHROOMS - REAR BUILDING 2ND FLOOR 3 pc Bathroom 1ST FLOOR 3 pc Bathroom 3RD FLOOR Toilet. Sink. Separate Shower 2ND FLOOR Shower 4TH FLOOR None 3RD FLOOR Shower 4Th FLOOR Toilet, Sink, Separate Shower ASKING PRICE: $10,250,000 EASTERN CONSOLIDATED 'AV, 355 Lexington Avenue I New York, NY 10017 I 212.499.7700 I Facsimile 212.499.7718 I rfatabt: corrarea teen is fiat, :Lucie, cee tea (ewe Gs. 6 sJafict tearer& Cirisi)en.Chalye at free at :et-6. at AstradEaumthaut ua natix at at, bme. (PPM/12518i EFTA00794903 IP 320 EAST 11TH STREET Two 4-Story SRO Buildings in Prime East Village Delivered Mostly Vacant RENT ROLL BUILDING ROOM # MONTHLY RENT LEASE END LAYOUT Front to $3,200 10/30/2018 2 Bdrm, 3 pc Bath, Kitchen, Living Room Rear 101 $925 Single room, Siik Rear 102 $1,400 Vacant - Projected Single room, Toilet/Sink Rear 103 $1,150 Single room, Toilet/Sink Rear 104 $900 Single Room, Sink Front 201 $2,250 Vacant - Projected 1 Bdrm, 3 pc Bath, Kitchen, Living Room Front 204 $300 Penn Studio, Toilet/Sink Rear 205 $1,600 Vacant - Projected Single Room, 3 pc Bathroom Rear 206 $2,100 Single room, Toilet/Sink Rear 207 $1,300 Single Room, 3 pc Bathroom Rear 208 $1,200 Single Room, 3 pc Bathroom Front 301 $900 Single Room, Sink Front 302 $200 Penn Single Room, Sink Front 303 $1,300 Single Room, Toilet, Sink, Kitchenette Front 304 $216 Penn Studio, Toilet, Sink, Kitchenette Front 305 $1,300 Vacant - Projected Single Room Front 306 $900 Single Room Rear 307 $1,300 7/16/2018 Single Room, Toilet, Sink Rear 308 $1,200 Single Room, 3 pc Bathroom Rear 309 $2,100 Single Room, Toilet Rear 310 $1,400 Vacant - Projected Single Room, Toilet/Sink Front 401 $800 Single Room Front 402 $2,195 Studio, 3 pc Bathroom, Kitchenette Front 403 $2,600 1 Bedroom, 3 pc Bath, Living Room, Kitchen Rear 406 $1,250 Single Room, 3 pc Bathroom Rear 407 $1,000 Single Room, Sink Rear 408 $900 Single Room, Toilet/Sink Rear 409 $1,200 Vacant - Projected Single Room, Sink Front Jewelry Store $4,456 1/31/2020 ASKING PRICE: $10,250,000 EASTERN CONSOLIDATED 'AI 355 Lexington Avenue I New York, NY 10017 I 212.499.7700 I Facsimile 212.499.7718 I rtamai»i ocrrared refer is !rem saran deemed (0We b.r. a s.oecl to urns cosines. chaige el prre actem.a. aid v.attrawal-Aahaul pox nobceS ary byre. (AP,P/12518.1 EFTA00794904