PowerPoint Presentation · 5G FM Convertible 1 Bedroom Studio 2 600 Feb-20 $1,375 $1,550 $630.13 $31 5I FM Convertible 3 Bedroom 2 Bedroom 4 1,050 Feb-20 $2,025 $2,500 $878.63 $29

30TOTAL UNITS

$322PRICE /SF

$273,661CO-OP MAINTENANCE

22,320TOTAL SQUARE FEET

12.5GRM

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

Joe KoicimTel: (212) [email protected]

Shaun RineyTel: (718) [email protected]

Dylan WalshTel: (212) [email protected]

Max BelinskyTel: (718) [email protected]

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

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

30 Unit Co-op Packageat 90-11 35th Avenue

Is being offered at$7,195,000

F INANCIAL OVERVIEW

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Peter Von Der AheTel: (212) 430-5114

Andrew DanskerTel: (212) 430-5168

Financing Inquiries:

Joe KoicimTel: (212) 430-5147

Shaun RineyTel: (718) 475-4369

Dylan WalshTel: (212) 430-5120

Max BelinskyTel: (718) 475-4327

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. © 2019 Marcus & Millichap

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$/SF $322 INCOME CURRENT PRO FORMA$/UNIT $239,833 Gross Potential Residential Rent $506,042 $559,167TOTAL SF 22,320 Gross Potential Commercial Rent $68,484 $68,484TOTAL UNITS 30 Gross Income $574,526 $627,651

CURRENT METRICS Effective Gross Income $559,345 $610,876CAP RATE 4.0% Average Residential Rent/Month/Unit $1,506 $1,664GRM 12.5

PRO FORMA METRICS EXPENSESCAP RATE 4.7% Co-op Maintenance $273,661 $273,661GRM 11.5 Total Expenses $273,661 $273,661

Net Operating Income $285,684 $337,215

EXPENSE RATIO UPSIDE ANALYSIS LEASE STATUS ANALYSISUNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENTTotal Units -- 28 $1,710Total RS Units 14% 4 $1,070Total RC Units 0% 0 $0Total FM Units 86% 24 $1,579Total Commercial -- 2 $2,854

UNIT TYPE ANALYSISTYPE % OF TOTAL TOTAL AVG. RENTStudio 39% 11 $1,3451 Bedroom 54% 15 $1,5502 Bedroom 7% 2 $2,063

PROPOSED DEBTDebt Service ($205,063)Debt Coverage Ratio 1.39Net Debt Cash Flow After Debt Service $132,152Loan Amount $3,400,000Interest Rate 4.35%Amortization 30

GROSS TOTAL SF

22,320 $322$/SF

OFFERING PRICE

49%

RATIO OFFAIR MARKET UNITS

49% PROPERTY TAXESRATIO

Vacancy/Collection Loss

$1,664 PRO FORMAAVERAGE MONTHLY RENT

86%($16,775)($15,181)

$7,195,000

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Studio1 Bedroom2 BedroomUPSIDE ANALYSIS

Current Avg RS UnitsMarket RentsCurrent Avg FM Rents

RENT ROLL

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UNIT TENANT NAME NOTES LEASE START SF EXPIRATION ACTUAL PRO FORMA MAINTENANCE FEES

$/PSF

P1 iKlass Tutoring LLC 5% annual increases 1,200 Mar-21 $3,407 $3,407 $1,420 $34P3 Office Space vacant 900 $2,300 $2,300 $1,287 $31

2,100 $5,707 $5,707 $2,707

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

AND TAXES$/PSF

1C FM 1 Bedroom 3 850 Dec-19 $1,800 $2,000 $763.25 $281E FM 1 Bedroom 3 645 $1,400 $1,700 $616.81 $321K FM Studio 2 525 Jun-19 $1,300 $1,350 $461.50 $311M RS SCRIE 1 Bedroom 3 875 Aug-19 $1,135 $1,152 $718.88 $162H FM Studio 2 525 Aug-19 $1,260 $1,350 $465.94 $312I FM Convertible 3 Bedroom 2 Bedroom 4 1,050 Feb-20 $2,100 $2,500 $865.31 $292M FM 1 Bedroom 3 875 Dec-19 $1,825 $2,000 $723.31 $272S FM 1 Bedroom 3 725 Jan-20 $1,750 $1,900 $714.44 $312T RS SCRIE 1 Bedroom 3 720 Apr-21 $868 $868 $705.56 $143D FM 1 Bedroom 3 875 Sep-19 $1,950 $2,000 $741.06 $273G FM Convertible 1 Bedroom Studio 2 600 May-19 $1,400 $1,550 $621.25 $313R FM 1 Bedroom 3 875 Jan-20 $1,800 $2,000 $776.56 $273S FM 1 Bedroom 3 725 Dec-19 $1,600 $1,900 $718.88 $314B FM 1 Bedroom 3 725 Aug-19 $1,650 $1,900 $723.31 $314E FM Convertible 1 Bedroom Studio 2 645 Sep-19 $1,350 $1,550 $630.13 $294H FM Studio 2 525 May-19 $1,280 $1,350 $474.81 $314K FM Studio 2 525 $1,400 $1,400 $474.81 $324P FM 1 Bedroom 3 875 Aug-19 $1,700 $2,000 $749.94 $274T FM 1 Bedroom 3 720 May-20 $1,700 $1,900 $714.44 $325A FM 1 Bedroom 3 720 Jul-20 $1,795 $1,900 $718.88 $325B RS Section 8 1 Bedroom 3 725 Jul-20 $1,211 $1,211 $727.75 $205D RS 1 Bedroom 3 875 May-20 $1,067 $1,067 $749.94 $155E FM Convertible 1 Bedroom Studio 2 645 Aug-19 $1,350 $1,550 $634.56 $295G FM Convertible 1 Bedroom Studio 2 600 Feb-20 $1,375 $1,550 $630.13 $315I FM Convertible 3 Bedroom 2 Bedroom 4 1,050 Feb-20 $2,025 $2,500 $878.63 $295L FM Convertible 1 Bedroom Studio 2 600 $1,425 $1,550 $630.13 $316G FM Convertible 1 Bedroom Studio 2 600 Aug-19 $1,355 $1,550 $634.56 $316K FM Studio 2 525 $1,300 $1,350 $483.69 $31MONTHLY RESIDENTIAL REVENUE 30 75 22,320 $42,170 $46,597 $18,748

ANNUAL RESIDENTIAL REVENUE $506,042 $559,167 $224,982ANNUAL COMMERCIAL REVENUE $68,484 $68,484 $32,482.56

ACTUAL PRO FORMATOTAL ANNUAL REVENUE $574,526 $627,651There is currently 1 vacant unit in the building. The super lives in the basement (no rental income allocated on rent roll).There are 30 total units.

90-11 35th Avenue

MONTHLY COMMERCIAL REVENUE

COMMERCIAL RENT

INCOME AND EXPENSE ANALYS IS

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GROSS POTENTIAL INCOME ACTUAL PRO FORMA%EGI $/UNIT %EGI $/UNIT

Gross Potential Residential Rent $506,042 88% $16,868 $559,167 89% $18,639Gross Potential Commercial Rent $68,484 12% $2,283 $68,484 11% $2,283Gross Income $574,526 $19,151 $627,651 $20,922Vacancy/Collection Loss ($15,181) 3% ($506) ($16,775) 3% ($559)Other Income $0 $0 $0 $0Effective Gross Income $559,345 $18,645 $610,876 $20,363Average Residential Rent/Month/Unit $1,506 $1,664

EXPENSES$273,661 49% $9,122 $273,661 45% $9,122

Total Expenses $273,661 49% $9,122 $273,661 45% $9,122Net Operating Income $285,684 $337,215

LEASE STATUS MIXUNIT BREAKDOWN % OF TOTAL RENT TOTAL AVG. RENTTotal Units -- $47,877 28 $1,710Total RS Units 14% $4,280 4 $1,070Total RC Units 0% $0 0 $0Total FM Units 86% $37,890 24 $1,579Total Commercial -- $5,707 2 $2,854

RENTAL ANALYSIS BY UNIT TYPETYPE % OF TOTAL RENT TOTAL AVG. RENTStudio 39% $14,795 11 $1,3451 Bedroom 54% $23,250 15 $1,5502 Bedroom 7% $4,125 2 $2,063

UPSIDE ANALYSIS

86%

AVERAGE RENTPER MONTH

$1,506PERCENT

FAIR MARKET

Co-op Maintenance

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

Studio 1 Bedroom 2 Bedroom UPSIDEANALYSIS

Current Avg RS Units Market Rents Current Avg FM Rents

CITY: Queens

STATE: NYi

BLOCK & LOT:1451 / 32i

LOT DIMENSIONS: 200 ft x 105 fti

LOT SF: 21,000i

BUILDING DIMENSIONS: 200 ft x 95 ft i

BUILDING SF: 22,320i

ZONING: R7-1i

MAX FAR: 3.44i

AVAILABLE AIR RIGHTS: 49,920i

TAX CLASS: 2i

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PROPERTY DESCR IPT ION








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EXTER IORS








www.newyorkmultifamily.com 212 430 5114








Documents

PowerPoint Presentation · 5G FM Convertible 1 Bedroom Studio 2 600 Feb-20 $1,375 $1,550 $630.13 $31 5I FM Convertible 3 Bedroom 2 Bedroom 4 1,050 Feb-20 $2,025 $2,500 $878.63 $29