ASKING PRICE: $5,250,000

GAIA PROPERTY GROUP | 130 W 25TH SUITE 4C, NY, NY

EXCLUSIVE OFFER MEMORANDUM

339 E 82ND ST NEW YORK, NY 11208

MULTI FAMILY BUILDING

CONTAINING 8 APARTMENTS

FOR SALE

NEIGHBOROOD: Yorkville BLOCK/LOT: 01545 - 0017 LOT SIZE: 21’ X 102.17’ LOT SF: ± 2,145 SF BUILDING SIZE: 21’ X 59’ BUILDING SF: ± 4,630 TAX CLASS: 2B

PROPERTY INFORMATION UNITS: 8 STORIES: 4 ZONING: R8B FAR ALLOWED: 4 MAX FAR ALLOWED: 8580 FAR AS BUILT: 2.16 RE TAXES: $60,358

339 E 82ND ST NEW YORK, NY 11208

MULTI FAMILY BUILDING

CONTAINING 8 APARTMENTS

FOR SALE

GAIA PROPERTY GROUP | 130 W 25TH SUITE 4C, NY, NY

RENT ROLL UNIT NO. STATUS LEASE END LAYOUT (BED/BATH) MONTHLY

RENT ANNUAL

RENT

1A RS 11/30/18 2-BR $747 $8,964 1B FM 7/31/17 3- BR $2,700 $32,400 2A FM 8/31/17 4-BR $2,950 $35,400 2B FM 6/30/17 3- BR $2,550 $30,600 3A RS SCRIE 5/31/18 2-BR $849 $10,188 3B RS SCRIE 8/31/17 3- BR $1,137 $13,644 4A FM 5/31/17 4-BR $2,750 $33,000 4B FM 7/31/17 3- BR $2,500 $30,000

TOTAL 24 $16,183 $194,196

GROSS INCOME ACTUAL ANNUAL RENTAL INCOME $194,196 VACANCY & COLLECTION LOSS (3%) -$5,826 EFFECTIVE GROSS INCOME $188,370

ESTIMATED GROSS EXPENSES REAL ESTATE TAXES $60,358 WATER & SEWER $4,643 UTILITIES (TENANTS PAY) $2,187 FUEL $7,236 INSURANCE $4,616 REPAIRS & MAINTANCE $9,250 MANAGEMENT (3%) $5,651 ESTIMATED GROSS EXPENSES $89,325

NET OPERATING INCOME NET OPERATING INCOME $99,045

ASKING PRICE $5,250,000 CAP RATE 1.89% GRM 27.03 PRICE PER UNIT $656,250 PRICE PER SF $1,059

GAIA PROPERTY GROUP | 130 W 25TH SUITE 4C, NY, NY

EXECUTIVE SUMMARY Ownership has retained GAIA Property Group as the exclusive agent to market the sale of 339 E 82ND Street. The property is as a 3-story 8-family residential building with a basement. The property is located three blocks from the 86th St. [Q} train station.

UPPER EAST SIDE apartment buildings are known for their elegance and exclusivity, accommodating luxurious residential buildings and beautiful townhouses. The proximity to Museum Mile adds to the attractiveness of the area. Between Central Park and the East River, Upper East Side boasts a variety of restaurants, stores, and strong retail drive. This quiet and sophisticated neighborhood is within 15 minutes ride to Grand Central and has easy access to Downtown Manhattan and Financial District with MTA [4, 5, 6, E, M, Q ] trains as well as local buses

GAIA PROPERTY GROUP | 130 W 25TH SUITE 4C, NY, NY

NEIGHBO

RHOO

D HIGHLIGHTS