Upload
others
View
4
Download
0
Embed Size (px)
Citation preview
721 Henry Street
Property Information:Property Description:
721 Henry Street is an eight unit mixed-use building with a full garage situated on the Northeast corner of Henry Street and West 9th Street in Red Hook immediately adjacent to Carroll Gardens. The property is a 5,694 square foot, four story walk-up building with seven residential apartments; two of the units are renovated free market apartments and the other five units are rent stabilized representing a significant value add opportunity. In addition there is a vacant corner retail space and large garage / work studio. The property is an 8 minute walk from the Smith and 9th Street subway station and provides easy access to the F/G trains. 721 Henry is located on the border of Red Hook and Carroll Gardens and presents the prospective investor a unique investment opportunity in one of the fastest growing Brooklyn submarkets.
Asking Price: $2,995,000
Block / Lot
Stories
Total Number of Units
Residential Units
Retail and Garage
Zoning (FAR)
Lot Size
Lot Dimensions
Building Size
536 / 1
4
9
7
2
R5
2,057 Sq. Ft.
24.25’ x 84.83’
5,694 Sq. Ft.
Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing isfrom sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212.913.9058
7 Residential Units | 1 Retail Store | Large Garage | Red Hook | Brooklyn
Rent Roll / Expenses - 721 Henry Street, Brooklyn, NY
Income
Unit
1F
2R
2L
3R
3L
4R
4L
Garage
Retail
Size
1BR
2BR
2BR
2BR
2BR
2BR
2BR
Rent
$1,700
$2,000
$1,164
$1,173
$2,000
$900
$1,257
$1,236
Vacant
$11,430
Projected/ Legal
$1,700
$2,000
$1,164
$1,173
$2,000
$2,000
$2,311
$1,273
$4,000
Status
FM
FM
RS
RS
FM
RS
RS
Exp Date
8/31/18
12/31/19
12/31/19
8/31/18
Expired
12/31/18
9/30/21
$17,621
Rhiannon Lazzerin [email protected] 929.326.4212
Smith - 9th St F/G subway
CTown Supermarkets
Red Hook Food Vendors Market Place
Frankie’s 457
Court Street Grocers
Buttermilk Channel
citibike
721 Henry Street
Real estate agents affiliated with Compass are independent contractor sales associates and are not employees of Compass. Equal Housing Opportunity. Compass is a licensed real estate broker located at 90 Fifth Avenue, 3rd Fl. NY, NY 10011. All information furnished regarding property for sale or rent or regarding financing isfrom sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice. To reach the Compass main office call 212.913.9058
Real Estate Taxes
Water & Sewage
InsuranceFuel
Electric
$7,444
$4,000
$6,657
$2,009
$1,200
$21,310
Financials
Expenses
Aaron [email protected] 917.696.8772
Current Gross Revenue(with vacancies)
$116,760
$209,052.00
$187,743
Projected GrossRevenue
Projected NOI
--
700SF
n/a
n/a
9/31/19
n/a