KW COMMERCIAL
1155 Avenue of the Americas
New York, NY 10036TONY MAZZULLIAssociate [email protected]
New Rochelle Mixed-Use
OFFERING MEMORANDUM
PRESENTED BY:
525 MAIN ST. NEW ROCHELLE, NY 10801
OFFERING MEMORANDUM
www.kwcommercial.com 2
KW COMMERCIAL
1155 Avenue of the Americas
New York, NY 10036
TONY MAZZULLIAssociate [email protected]
Confidentiality & Disclaimer
OFFERING MEMORANDUM
All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third partysources are provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance orlack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all other matters.
Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as toaccuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whetherwritten or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine theseand other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for aparty unless otherwise agreed in writing.
EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.
Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspectionsand investigations including through appropriate third party independent professionals selected by such party. All financial data should beverified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independentprofessionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financialdata or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction.
All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by theparty with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions shouldbe discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complieswith applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, otherconsultants and governmental agencies. All properties and services are marketed by NYC - Manhattan in compliance with all applicable fairhousing and equal opportunity laws.
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty orrepresentation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance ofthe property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
PRESENTED BY:
NEW ROCHELLE, NY
www.kwcommercial.com 3
PROPERTY INFORMATION
1 | PROPERTY INFORMATION
EXECUTIVE SUMMARY
1PROPERTY INFORMATION
525 MAIN STREET
525 MAIN STREET
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
Executive Summary
525 MAIN STREET 1 | PROPERTY INFORMATION
PROPERTY OVERVIEWUnique opportunity with lots of history can be used as investmentproperty or development opportunity.
PROPERTY FEATURESLocated in the heart of New Rochelle CBD
Development opportunity
Fully usable basement
SALE PRICE: $3,000,000
NOI: $300,000
LOT SIZE: 0.19 Acres
BUILDING SIZE: 12,500 SF
YEAR BUILT: 1926
ZONING: DB-Zone
CROSS STREETS: Division St And Memorial Hwy
www.kwcommercial.com 4
LOCATION INFORMATION
2 | LOCATION INFORMATION
REGIONAL MAP
LOCATION MAPS
AERIAL MAP
2LOCATION INFORMATION
525 MAIN STREET
525 MAIN STREET
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
525 Main Street
Regional Map
525 MAIN STREET 2 | LOCATION INFORMATION
www.kwcommercial.com 6
www.kwcommercial.com 7
Location Maps
525 MAIN STREET 2 | LOCATION INFORMATION
Aerial Map
525 MAIN STREET 2 | LOCATION INFORMATION
www.kwcommercial.com 8
FINANCIAL ANALYSIS
3 | FINANCIAL ANALYSIS
FINANCIAL SUMMARY
RENT ROLL
3FINANCIAL ANALYSIS
525 MAIN STREET
525 MAIN STREET
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
INVESTMENT OVERVIEW
Price $3,000,000
Price per SF $240.00
CAP Rate 10%
OPERATING DATA
Gross Scheduled Income $370,000
Operating Expenses $70,000
Net Operating Income $300,000
Financial Summary
525 MAIN STREET 3 | FINANCIAL ANALYSIS
www.kwcommercial.com 10
Rent Roll
525 MAIN STREET 3 | FINANCIAL ANALYSIS
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
LEASESTART
LEASEEND
MARKETRENT
ANNUALRENT
% OFGLA
PRICEPER SF/YR
IB Cohen Ground Floor Retail 6,500 $227,500 52.0 $35.00
Metro PCS Ground Floor Retail 1,500 $52,500 12.0 $35.00
Multiple 2nd Floor Office 4,500 $90,000 36.0 $20.00
TOTALS/AVERAGES 12,500 $0 $370,000 $29.60
www.kwcommercial.com 11
DEMOGRAPHICS
4 | DEMOGRAPHICS
DEMOGRAPHICS MAP
4DEMOGRAPHICS
525 MAIN STREET
525 MAIN STREET
PROPOSAL FOR COMMERCIAL SERVICES
OFFERING MEMORANDUM
www.kwcommercial.com 13
* Demographic data derived from 2010 US Census
Demographics Map
525 MAIN STREET 4 | DEMOGRAPHICS
ETHNICITY 1 MILE 3 MILES 5 MILES
% HISPANIC 26.7% 23.1% 16.9%
RACE 1 MILE 3 MILES 5 MILES
% WHITE 60.2% 67.4% 59.2%
% BLACK 17.9% 16.5% 26.6%
% ASIAN 4.9% 4.0% 4.3%
% HAWAIIAN 0.0% 0.0% 0.0%
% INDIAN 0.1% 0.1% 0.1%
% OTHER 13.8% 8.7% 7.2%
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 15,402 111,269 296,827
MEDIAN AGE 33.7 38.1 39.3
MEDIAN AGE (MALE) 32.0 36.6 37.2
MEDIAN AGE (FEMALE) 36.1 39.5 41.0
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 5,769 40,396 110,778
# OF PERSONS PER HH 2.7 2.8 2.7
AVERAGE HH INCOME $96,278 $123,767 $123,488
AVERAGE HOUSE VALUE $640,824 $698,853 $605,228
![Confidential Offering Memorandum - …images2.loopnet.com/d2/WT3AIYmotF44UG9DAPiAPCQ8B321MG1LF2NyjcAZGC0/...This Confidential Offering Memorandum [“Memorandum”] contains a brief](https://static.documents.pub/doc/80x56/5b0243267f8b9ad85d8f4725/confidential-offering-memorandum-confidential-offering-memorandum-memorandum.jpg)
