The Green Portfolio - Brooklyn, NY

East Flatbush, Brooklyn, New York 11212

$7,950,000  

Listing ID Number

24943

Property Description

Cushman & Wakefield has been retained on an exclusive basis to market The Green Portfolio.

- 7 building portfolio spread across central & eastern Brooklyn

- Portfolio includes 6 mixed-use properties & 1 (6)-unit multi-family building

- All units have been renovated and the portfolio is fully occupied

- All properties contain renovated usable basement space (Inquire for more detail)

- Unit breakdown includes 6 retail spaces, 3 (1)-bedrooms, 7 (2)-bedrooms, 8 (3)-bedrooms, 1 (4)-bedroom, & 2 garages

Overview

Building Type:Mixed-Use Investment Buildings
Location:Central/Eastern Brooklyn
Units:25
Residential Units:19
Commercial Units:6
Building Sq Ft:19,324
Portfolio Aggregate (Approx.)

Expenses

Real Estate Taxes:$31,125Portfolio Aggregate (Approx.)
Insurance:$13,793Portfolio Aggregate (Approx.)
Water/Sewer:$18,162Portfolio Aggregate (Approx.)
Fuel:$11,000Portfolio Aggregate (Approx.)
Electric:$1,150Portfolio Aggregate (Approx.)
Repairs/Maintenance:$11,550Portfolio Aggregate (Approx.)
Total Annual Expenses:$86,780Portfolio Aggregate (Approx.)

Investment Information

Gross Monthly Income:$44,681Portfolio Aggregate (Approx.)
Gross Annual Income:$536,172Portfolio Aggregate (Approx.)
Less Total Expenses:$86,780Portfolio Aggregate (Approx.)
Net Operating Income:$449,392Portfolio Aggregate (Approx.)

Summary

Capitalization Rate:5.65%
(Approx.)

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Edward Gevinski
Senior Director
(718) 307 6502
edward.gevinski@cushwake.com

Jeffrey A. Shalom
Senior Managing Director
(718) 307 6558
jeffrey.shalom@cushwake.com

Brian Streilein
Director
(718) 307 6505
brian.streilein@cushwake.com

Robert Moore
Director
(718) 606 7046
robert.moore@cushwake.com

Stephen Vorvolakos
Senior Associate
(718) 307 6559
stephen.vorvolakos@cushwake.com

Caroline Hodes
Associate
(718) 307 6557
caroline.hodes@cushwake.com

Salvatore Falcone
Associate
(718) 307 6503
salvatore.falcone@cushwake.com


Property Images

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Property Map


Aerial View


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.