Three Walk-Up Apartment Buildings

FOR SALE- 8 UNITS

58-07/09/11 32nd Avenue, Woodside, NY 11377
PROPERTY INDICATORS Block: Lots: Lot Dimensions: Lot SF: Combined Building Size: Units: Stories: Combined Building SF: Zoning: RE Taxes (12/13): 1135 64 & 65 75 x 100 (approx.) 7,500 SF (approx.) 75 x 42 Cellar & 1st Flr (approx.) 75 x 45 2nd & 3rd Flrs (approx.) 8 3 9,900 SF (approx.) R5 $23,351 (approx.)

PROPERTY DESCRIPTION Located on the north side of 32nd Avenue between 58th and 60th Streets, the offering consists of three newly constructed, contiguous three-story plus basement walk-up buildings. 58-07 and 58-09 consists of a 3-bedroom duplex apartment on the ground floor and basement, a 2-bedroom apartment on the second floor and a 3bedroom apartment on the third floor. 58-11 consist of a 3-bedroom duplex apartment on the ground floor and basement and a 3bedroom duplex apartment on the second and third floor. There are 2 parking spaces in front of the properties and 3 parking spaces located in the rear. The properties are fully occupied on a month to month basis.

205 Montague Street, 3rd Floor Brooklyn, NY 11201 A T: 718-238-8999 / F: 718-238-6091

SKIN

275 Madison Avenue, 3rd Floor New York, NY 10016 G PRICE : 212-696-0333 $2,30 T: 212-696-2500 / F:

0,0

118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 0 T: 0 718-275-3400 / F: 718-275-5478

For further information or inspection, please contact Exclusive Agents: Director of Sales tlin@masseyknakal.com 718-512-2609

Tommy Lin

Partner tdonovan@masseyknakal.com 718-512-2626

Thomas A. Donovan

Partner jnelson@masseyknakal.com 212-660-7710

James Nelson

Associate rrappa@masseyknakal.com 718-512-2601

Robert Rappa

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

THE BRONX

118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478 www.masseyknakal.com
BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND

WESTCHESTER

(3) Three-Family Apartment Buildings

FOR SALE
58-07/09/11 32nd Avenue, Woodside, NY 11377
RENT ROLL UNIT Ground Floor Second Floor Third Floor M onthly Income

58-07 32nd Avenue

SIZE 3BR 2BR 3BR MONTHLY RENT $2,000 $1,650 $2,000 $5,650 ANNUAL RENT $24,000 $19,800 $24,000 $67,800

58-09 32nd Avenue

UNIT Ground Floor Second Floor Third Floor M onthly Income 3BR 2BR 3BR M ONT HLY RENT $2,400 $1,600 $1,750 $5,750 ANNUAL RENT $28,800 $19,200 $21,000 $69,000

58-11 32nd Avenue

UNIT Ground Floor Second Floor M onthly Income Combined M onthly Income Combined Monthly Parking Income Combined Annual Income 3BR 2BR M ONT HLY RENT $1,900 $2,500 $4,400 $15,800 $500 $6,000 $195,600 ANNUAL RENT $22,800 $30,000 $52,800

REVENUE: Gross Monthly Income Gross Annual Income Less Vacancy @ 5% Effective Gross Income EXPENSES: (ESTIMATED) Real Estate Taxes (12/13) Water & Sewer Insurance Electric Heat Super Management Total: Effective Gross Income: Less Expenses: Net Operating Income: BASIS
Actual Projected Projected Projected Projected Projected Projected

$ $ $ $

16,300 195,600 9,780 185,820

$ $ $ $ $ $ $ $ $ $ $

23,351 4,800 5,100 1,200 6,000 4,800 5,575 50,826 185,820 (50,826) 134,994

205 Montague Street, 3rd Floor Brooklyn, NY 11201 A T: 718-238-8999 / F: 718-238-6091

SKIN

275 Madison Avenue, 3rd Floor New York, NY 10016 G PRICE : 212-696-0333 $2,30 T: 212-696-2500 / F:

0,0

118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 0 T: 0 718-275-3400 / F: 718-275-5478

For further information or inspection, please contact Exclusive Agents: Director of Sales tlin@masseyknakal.com 718-512-2609

Tommy Lin

Partner tdonovan@masseyknakal.com 718-512-2626

Thomas A. Donovan

Partner jnelson@masseyknakal.com 212-660-7710

James Nelson

Associate rrappa@masseyknakal.com 718-512-2601

Robert Rappa

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

THE BRONX

118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478 www.masseyknakal.com
BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND

WESTCHESTER