New Listing ONCE IN A DECADE OPPORTUNITY The absolute best Retail Location in the World Park Avenue and the East 60’s Represented Exclusively by: Michael Strauss-Cassel. STRAUSS CASSEL GROUP at Douglas Elliman T. 1-212-702-4026 M. The building has a 100% PLUS ROI, A REAL GOLD MINE. Please see the numbers and a retail analysis of this area that I have included with this invitation to co-broke. Dear Colleagues: I am extremely pleased to announce that we are offering this most fantastic retail building for $35,000,000. This is a one of a kind opportunity, in a location that is insuperable, unequaled, unsurpassed, right at the center of the wealthiest shopping strip in the entire World. You are not going to believe the numbers. Simply stated, they are outsized. I have never seen a stronger deal. Read the material please, and let me know when I can accommodate you to visit this incredible property. We are being very mysterious as you can see, the exact address has been omitted, but the only reason is that the owners want this process to be confidential given the nature and prestige of this transaction. Don’t worry; we will be happy to show you and your associated the building, at your convenience. Simply call me to let me know you are interested in this deal, and I will send you more information about this truly exceptional property, that by the way, sell itself. Rarely have I been so excited about being able to bring an offer like this one to market. But this one merits it. I look forward to connecting. Warmest regards. Michael Strauss-Cassel, STRAUSS CASSEL GROUP At Douglas Elliman 1-212-702-4027 – [email protected]Web Addresses: STRAUSS-CASSEL.COM OR SC5W.COM
Transcript
New Listing ONCE IN A DECADE OPPORTUNITY
The absolute best Retail Location in the World Park Avenue and the East 60’s
Represented Exclusively by: Michael Strauss-Cassel. STRAUSS CASSEL GROUP at Douglas Elliman T. 1-212-702-4026 M. The building has a 100% PLUS ROI, A REAL GOLD MINE.
Please see the numbers and a retail analysis of this area that I have included with this invitation to co-broke.
Dear Colleagues:
I am extremely pleased to announce that we are offering this most fantastic retail building for $35,000,000.
This is a one of a kind opportunity, in a location that is insuperable, unequaled, unsurpassed, right at the center of the wealthiest shopping strip in the entire World.
You are not going to believe the numbers. Simply stated, they are outsized. I have never seen a stronger deal. Read the material please, and let me know when I can accommodate you to visit this incredible property.
We are being very mysterious as you can see, the exact address has been omitted, but the only reason is that the owners want this process to be confidential given the nature and prestige of this transaction. Don’t worry; we will be happy to show you and your associated the building, at your convenience. Simply call me to let me know you are interested in this deal, and I will send you more information about this truly exceptional property, that by the way, sell itself. Rarely have I been so excited about being able to bring an offer like this one to market. But this one merits it. I look forward to connecting. Warmest regards.
Michael Strauss-Cassel, STRAUSS CASSEL GROUP At Douglas Elliman 1-212-702-4027 – [email protected] Web Addresses: STRAUSS-CASSEL.COM OR SC5W.COM
Prepared by: Michael Strauss-Cassel
SC5W.com Strauss Cassel Group
Final Price 35,000,000$ Note 1: Estimating Retail Sales
Down payment 10,500,000$ Total Retail Sales at location, annual 248,572,800$
Down Payment in Percentage 30% Variables
Mortgage Amount 24,500,000$ Traffic: Foot traffic
Mortgage Rate 4.50% Per Hour 1,370
Mortgage Cost (monthly) 91,875$ Fluctuation 60% to 100% 9 am to 6 pm
Real Estate Taxes (monthly) 12,500$ Average Traffic 80% 1,096 Total Monthly Costs 104,375$ Sales Conversion Rate 50%
Total Yearly Costs 1,252,500$ Foot Traffic Captured, very pessimistic 15%
Patrons entering the Building 54.8
Revenue Forecasts Per Hour 164.4
Revenue from Operating As: 1 or 2 Per Day (Retail 12 hr. days) 1,973 1. Income from Being a Retailer 248,572,800$ (*See Note 1). Purchasing Patrons 986.4
2. Income from Being a Landlord 30,250,000$ Average Total Transaction 700
Total revenue per day 690,480$
Total Sqft 13,750 Annual Revenue 360 days 248,572,800$
Rent Per Sqft for Sector 2,200$ Sales Per Sqft 20,000$ Shopper Profile in Area
Average Annual Income 277,000$
Rental Amount (monthly) 2,520,833$ Average Net Worth 1,900,000$
Rental Amount (yearly) 30,250,000$ Average Disposable Income 193,900$ Net Cash (monthly) 2,416,458$ Population Density per Square Mile 66,000
Net Cash (yearly) 28,997,500$ Density during the day 198,000
Cash-on-cash Return % 276.17%
Appreciation at 10% (yearly) 3,500,000.00$ Return of investment as a Retailer OperatorAmortization 1.00$ Annual Sales 248,572,800.00$ Erosion of Capital (-inflation at 1.8%) 441,000$ Depreciation (100%/25 years) 1,272,727$ Retail Sales Monthly 20,714,400$ Total Value of Non-Cash Value 5,213,728$ Retail Sales Yearly 248,572,800$ Return on Investment, Total 34,211,228$ Total Building Carrying Costs
Total Return from Leasing 602% Monthly 104,375$
Annual 1,252,500$
Total Return from Operating as a Retailer 123,660,150$ Cash after paying the Building 247,320,300$
Total Operation Costs
As a Percentage of Sales 50%Earnings (EBITDA) 123,660,150$
PLEASE RUN YOUR OWN NUMBERS USING THIS EXCEL MAP
YOU WILL SEE THAT EVEN COMPUTING THE MOST PESSIMISTIC OUTLOOK, THE NUMBERS ARE EXCELLENT
THIS OFFERING, MY LISTING AT PARK AVENUE AND EAST 60'S STREET IS PROBABLY THE BEST DEAL
TO COME OUT IN DECADES.
I show the property every day. Please call me to make an appointment to see itMichael Strauss-Cassel 1-212-702-4027 - 1-917-653-7887 - email [email protected] or [email protected] CASSEL GROUP at Douglas Elliman Real Estate - Strauss-Cassel.com / SC5W.com
Property Address: Park Avenue at 60's East Street - Upper East Side, New York, NY 10022Financial Analysis of Real Estate Investments
STRAUSS-CASSEL.com
THE BEST RETAIL BUILDING AND LOCATION TO COME ON THE MARKET FOR SALE IN DECADESAN OPPORTUNITY LIKE NO OTHER BEFORE. INTERESTED? Please Call me at 1-212-702-4027
You can read more about this offering by going to strauss-cassel.com or SC5W.com. Or simply call me or email me.Michael Strauss-CasselStrauss Cassel Group at Douglas Elliman1-212-702-4027 or 1-917-653-7887 (mobile) Email Addresses: [email protected] or [email protected] Looking forward to showing you this property soon.
