313 Amber St, Brooklyn, NY 11208Exclusive Agent: Sadya Liberow

FOR SALE EXCLUSIVE LISTINGEMH Commercial Realty

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Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.

Description: EMH Commercial Realty has been retained on an exclusive basis

to arrange the sale of 313 Amber St.

Subject property is a three story walk up building consisting of three 2BR units. The building was recently renovated and is currently fully occupied by program tenants administered via ICL.

Property is several blocks from the Grand Av subway and near the Linden Shopping Center.

Investment HighlightsAsking Price $675,000

Price/Built $355

Cap Rate 7.87%

Neighborhood East New York

Property Type Multi-Family Building

Residential Units 3

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Property Information

Address 313 Amber St

City State Zip Brooklyn NY 11208

Cross Streets Linden Blvd & Loring Ave

Neighborhood East New York

Block & Lot 4497-0051

Lot Dimensions 20x100

Lot SF 2,000

Zoning R4

F.A.R. 0.90

Building Information

Building Class B9

Building Dimensions 20x35

Building SF 1,900

Construction type Frame

Total Lot FAR 1,900

Unused FAR 0

Stories 3

Residential Units 3

Commercial Units 0

Total Units 3

Tax assessor's market

value$550,000

Taxes 2018 $2,130

Tax Class 1

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Residential Rent Roll

Unit Bedrooms Rooms Status Rent Type LXPMonthly

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1 2 4 Actual PR-ICL Sep-19 $1,725 $20,700

2 2 4 Actual PR-ICL Sep-19 $1,725 $20,700

3 2 4 Actual PR-ICL Sep-19 $1,725 $20,700

3 6 12 $5,175 $62,100

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Investment Analysis

Revenue

Residential Monthly Revenue $5,175

Residential Yearly Revenue $62,100

Average Monthly Rent per Unit $1,725

Average Monthly Rent per Room $431

Total Gross Monthly Income $5,175

Total Gross Annual Income $62,100

Estimated Operating Expenses

Water/Sewer $1,200

Heat $0

Utilities $120

Insurance $2,000

Real Estate Taxes $2,130

Repairs & Maintenance $1,650

Management $1,863

Total Operating Expenses $8,963

Financial Analysis

Net Operating Income: $53,137

Asking Price $675,000

Capitalization Rate 7.87%

GRM 10.87

Price per Unit $225,000

Price per Built SF $355

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East New York is an up-and-coming area of single-family homes and a range of low-rise to hi-rise multifamily buildings that is slowly following suit with its neighbors, Bushwick and Bedford-Stuyvesant. While it’s once tarnished reputation is beginning to clear up, developers have been eyeing the area and pursuing the affordable opportunities the neighborhood presents. This neighborhood offers convenience of mass transit options and commuter buses that connect the neighborhood to both Queens and Manhattan.

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EMH Commercial Realty was formed with the sole focusof closing commercial transactions in the smoothest andmost efficient way possible. The primary focus of ourteam will be on the Brooklyn NY markets - a marketplacethat our brokers have had much historical success. Weutilize the latest in cutting edge technology and foster anopen team environment to bring much needed marketinsight that is critical to each deal that comes across ourdesks. Our experienced team of motivated brokers workdiligently with our base of sellers and investors toenhance and facilitate each transaction. That said, EMHis uniquely poised to be your subject matter expert for allyour commercial real estate needs.

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EMH Commercial Realty 109 South 5th Street

Suite 3100Brooklyn NY 11249

Sadya LiberowDesk: (718) 964-9004

Email: sadya@emhcr.com