Bankruptcy Sale_4811 5505 5507 Fifth Ave. Sunset Park_Exclusive Offering Memorandum

FINANCIAL OVERVIEW
4811, 5505, & 5507 Fifth Ave. Sunset Park, Brooklyn, NY
RENT ROLL:
4811 5TH AVENUE
Block/Lot 775/4
Size 27.5' x 80'
Built 27.5' x 58'
Building SF 6,076
Zoning
C4-3A
FAR 3
Tax Class
2B
Year Built 1924
Assessment (20/21) $48,972.00
RE Taxes $6,007
RESIDENTIAL RENT
Unit Status Bedrooms Monthly Rent Annual Rent
2L RS 2 $850.36 $10,204.32
2R RS 2 $882.69 $10,592.28
3L RS 2 $880.00 $10,560.00
3R RS 2 $308.00 $3,696.00
4L RS 2 $919.27 $11,031.24
4R RS 2 $333.54 $4,002.48
COMMERCIAL RENT
4811 5TH AVENUE INCOME & EXPENSES
4811 5TH AVENUE
$4,173.86 $50,086.32
Unit Tenant Monthly Rent Annual Rent LXP
Store A Vacant $6,750.00 $81,000.00 Projected
Store B Mexican Bakery $6,750.00 $81,000.00 1/31/21
$13,500.00 $162,000.00
COMMERCIAL TENANT REIMBURSEMENTS
Unit Base Year Tax Tax (20/21) % Over Base Reimbursement
Store A N/A $ - 0.00% $ -
Store B N/A $ - 0.00% $ -
$ -
Residential $50,086.32
Commercial $162,000.00
Total Revenue $212,086.32
FINANCIAL INFORMATION
Revenue:
ANNUALIZED IN PLACE
Residential: $50,086
Commercial $162,000
Base Rental Revenue $212,086
RE Tax Reimbursement -
Gross Revenue $212,086
Vacancy Allowance $(10,604)
Effective Gross Revenue $201,482
Operating Expenses:
RE Taxes (20/21) $6,007
Insurance $8,632
Water and Sewer $6,120
Electric $600
Fuel $14,300
Payroll $10,800
Management Fee (3% of EGR) $6,044
Miscellaneous $1,800
Repairs and Maintenance $4,500
Total Operating Expenses $58,804
Net Operating Income (NOI): $142,678
20 | 4811, 5505 & 5507 Fifth Ave. Sunset Park, Brooklyn, NY
4811, 5505 & 5507 Fifth Ave. Sunset Park, Brooklyn, NY | 21