ve on pkwy e 5th st ve - images1.loopnet.com

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CONTACT Nathan M. Horne, Esq. Lic. Associate RE Broker m. 706.255.5657 e. [email protected] Maxine Resnick Lic. Associate RE Broker m. 917.921.2166 e. [email protected] 90 Fifth Avenue, 3rd Floor New York NY 10011 m. 212.913.9058 compass.com The information contained herein was obtained from sources deemed to be reliable; however Compass makes no guarantees, warranties or representations as to the completeness or accuracy thereof. Any information of special interest should be obtained through independent verification. E 5TH ST E 5TH ST GREENWOOD AVE GREENWOOD AVE CATON AVE CATON AVE FORT HAMILTON PKWY FORT HAMILTON PKWY Location Highlights ~10 Minute Walk to Fort Hamilton Pkwy & Church Avenue Stations, F & G Lines Walking Distance to 585-acre Prospect Park, Brooklyn’s only forest & the Prospect Park Zoo. Nearby entertainment includes Brooklyn Museum, the Children’s Museum, & Barclays Center. PROSPECT PROSPECT PARK PARK 3013-3015 Fort Hamilton Pkwy Brooklyn, NY 11218 3013 | 5 Family | 12 BRs | 1 Retail Space | 5,271 SF 3015 | 5 Family | 11 BRs | 1 Retail Space | 5,233 SF

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Page 1: VE ON PKWY E 5TH ST VE - images1.loopnet.com

CONTACT

Nathan M. Horne, Esq.Lic. Associate RE Brokerm. 706.255.5657e. [email protected]

Maxine ResnickLic. Associate RE Brokerm. 917.921.2166e. [email protected]

90 Fifth Avenue, 3rd FloorNew York NY 10011

m. 212.913.9058compass.com

The information contained herein was obtained from sources deemed to be reliable; however Compass makes no guarantees, warranties or representations as to the completeness or accuracy thereof. Any information of special interest should be obtained through independent verification.

E 5TH ST

E 5TH ST

GREENWOOD AVE

GREENWOOD AVE

CATON AVECATON AVE

FORT HAMILTON PKWY

FORT HAMILTON PKWY

Location Highlights

~10 Minute Walk to Fort Hamilton Pkwy & Church

Avenue Stations, F & G Lines

Walking Distance to 585-acre Prospect Park, Brooklyn’s only

forest & the Prospect Park Zoo.

Nearby entertainment includes Brooklyn Museum, the Children’s

Museum, & Barclays Center.

PROSPECTPROSPECTPARKPARK

3013-3015 Fort Hamilton PkwyBrooklyn, NY 11218

3013 | 5 Family | 12 BRs | 1 Retail Space | 5,271 SF 3015 | 5 Family | 11 BRs | 1 Retail Space | 5,233 SF

Page 2: VE ON PKWY E 5TH ST VE - images1.loopnet.com

Compass has been retained on an exclusive basis to arrange for the sale of

3013-3015 Fort Hamilton Parkway, part of the seven-building “Free-Market

brick buildings spread over 43’ of KWT Portfolio.” These two contiguous

street frontage on one of Windsor

Terrace’s favorite retail corridors,

and feature over 10,500 SF in total,

with ten renovated residential

units and two stores. The location

is well-established, is undergoing

significant appreciation, and is only

ten minutes from the F/G Lines at

the Fort Hamilton Pkwy station or

the SW corner of Prospect Park. With

an existing NOI of ~$282k, these

buildings are fully occupied and offer

a stable long-term investment, as well

as immediate upside with rents

currently below-market. Feel free to

reach out for

a setup, pro-forma, or for any

additional information.

Investment Overview

10 2 100%FREE MARKET

RESIDENTIAL UNITSCOMMERCIAL

STORE FRONTS

Long-term growth potential as a stable investment in an appreciating yet already-desirable neighborhood.

Immediate upside potential with retail units.OCCUPANCY

Income $326,266.32Expenses $44,344.46NOI $281,921.86Sale Price $5,995,000Cap 4.70%

Operating Statement

Market Rate Retail / SF $55.00Retail SF 1,752Market Rate Resi / SF $42.00Resi SF 8,752Pro Forma Income $463,944.00Expenses $44,344.46Misc. / Vacancy (3%) $13,918.32Pro Forma NOI $405,681.22Pro Forma Cap 6.77%

Pro Forma

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Financial Overview

Expense AnnualTaxes (2020-2021) $13,750.29Gas $0.00Electric $1,042.00Water $3,205.00Insurance $3,865.00TotalTotal $21,862.29$21,862.29

Income Annual Per SFIncome $164,602 $31.22

NOI $142,740.03

Tenant Format Monthly Rent Annual Rent Lease Expiration

Store Front Commercial $2,257.00 $27,084.00 M-to-M

Apartment 1R 2-Bedroom $2,090.00 $24,600.00 06/30/2021

Apartment 2F 3-Bedroom $2,640.00 $31,680.00 04/30/2021

Apartment 2R 2-Bedroom $1,950.00 $23,400.00 02/28/2021

Apartment 3F 3-Bedroom $2,700.00 $32,400.00 06/30/2021

Apartment 3R 2-Bedroom $1,835.00 $22,020.00 08/31/2020

Total $13,472.00 $161,664.00

Tenant Format Monthly Rent Annual Rent Lease Expiration

Store Front Commercial $2,406.86 $28,882.32 05/01/2021

Apartment 1R 2-Bedroom $2,235.00 $26,820.00 04/30/2021

Apartment 2F 3-Bedroom $2,475.00 $29,700.00 03/31/2021

Apartment 2R 2-Bedroom $1,950.00 $23,400.00 10/31/2021

Apartment 3F 3-Bedroom $2,675.00 $32,100.00 03/31/2022

Apartment 3R 2-Bedroom $1,975.00 $23,700.00 10/31/2020

Total $13,716.86 $164,602.32

Rent RollRent Roll

Expense AnnualTaxes (2020-2021) $14,244.17Gas $0.00Electric $1,025.00Water $3,200.00Insurance $4,013.00TotalTotal $22,482.17$22,482.17

Income Annual Per SFIncome $161,664 $31.12

NOI $139,181.83

Operating StatementOperating Statement

3015301530133013

Block / Lot 5281 / 63Lot Dimensions 21.67’ x 100’Gross Lot SF 2,167

Building SF 5,271Building Dimensions 21.67’ x 80.5’Stories 3Tenants 6

Zoning R5, C1-3Residential FAR 1.25Retail SF 880Max Buildable SF 2,709

Block / Lot 5281 / 64Lot Dimensions 21.67’ x 100’Gross Lot SF 2,167

Building SF 4,361Building Dimensions 21.67’ x 80.5’Stories 3Tenants 6

Zoning R5, C1-3Residential FAR 1.25Retail SF 872Max Buildable SF 2,709

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30133013 30153015

Floor Plans

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