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BUSHWICK AVE<br />
CENTRAL AVE<br />
DEKALB AVE<br />
FINANCIAL OVERVIEW<br />
1351 DeKalb Ave <strong>Bushwick</strong>, Brooklyn<br />
RENTAL PRO FORMA<br />
RESIDENTIAL RENT<br />
Unit No. Br/Ba Approx SF of<br />
Units<br />
Approx SF of<br />
Balcony /Terrace<br />
Total SF Monthly rent Annual rent<br />
Parking n/a/n/a 4969 0 4969 *14 spaces $3,500 $42,000<br />
CF 1 n/a/3 4547 0 4547 $11,366 $136,395<br />
1A 1/1 638 0 638 $2,285 $27,417<br />
2A 1/1 494 646 1140 $2,414 $28,966<br />
2B 1/1 551 204 755 $2,175 $26,104<br />
2C 2/2 819 0 819 $2,867 $34,398<br />
2D 1/1 584 0 584 $2,090 $25,076<br />
2E 0/1 416 0 416 $1,621 $19,450<br />
2F 0/1 435 0 435 $1,697 $20,358<br />
2G 2/1 736 1126 1862 $3,999 $47,991<br />
3A 1/1 493 61 554 $1,839 $22,063<br />
3B 1/1 551 69 619 $2,054 $24,644<br />
3C 2/2 819 61 880 $3,021 $36,256<br />
3D 1/1 584 0 584 $2,090 $25,076<br />
3E 0/1 416 60 476 $1,693 $20,314<br />
3F 0/1 438 60 498 $1,779 $21,353<br />
3G 2/1 811 64 875 $2,996 $35,952<br />
4A 1/1 493 61 554 $1,839 $22,063<br />
4B 1/1 551 69 619 $2,054 $24,644<br />
4C 2/2 819 61 880 $3,021 $36,256<br />
4D 1/1 584 0 584 $2,090 $25,076<br />
4E 0/1 416 60 476 $1,693 $20,314<br />
4F 0/1 438 60 498 $1,779 $21,353<br />
4G 2/1 811 64 875 $2,996 $35,952<br />
5A 1/1 557 61 617 $2,082 $24,985<br />
5B 1/1 551 69 619 $2,072 $24,859<br />
5C 2/2 819 608 1427 $3,738 $44,858<br />
5D 2/2 763 365 1128 $3,222 $38,669<br />
5G 2/2 811 64 875 $3,002 $36,029<br />
25909 3889 29798<br />
Gross rent roll: $948,871<br />
SALES PRO FORMA<br />
1351 DEKALB AVE<br />
Unit<br />
No.<br />
Br/Ba<br />
Approx<br />
SF of<br />
Units<br />
Aprpox SF<br />
of Balcony<br />
/Terrace<br />
Total<br />
SF<br />
<strong>Offering</strong><br />
Prices<br />
% of<br />
Common<br />
Interest<br />
Projected<br />
Monthly<br />
Common<br />
Charges<br />
Projected<br />
Monthly<br />
Real<br />
Estate<br />
Taxes<br />
Projected<br />
Annual<br />
Real<br />
Estate<br />
Taxes<br />
Projected<br />
Monthly<br />
Carrying<br />
Charges<br />
Parking n/a/n/a 4969 0 4969 $490,000 2.96% $222 $247 $2,959 $469<br />
CF 1 n/a/3 4547 0 4547 $1,818,600 10.98% $824 $915 $10,983 $1,739<br />
1A 1/1 638 0 638 $542,470 3.28% $246 $273 $3,276 $519<br />
2A 1/1 494 646 1140 $602,763 3.64% $273 $303 $3,640 $576<br />
2B 1/1 551 204 755 $525,838 3.18% $238 $265 $3,176 $503<br />
2C 2/2 819 0 819 $614,250 3.71% $278 $309 $3,710 $587<br />
2D 1/1 584 0 584 $496,145 3.00% $225 $250 $2,996 $474<br />
2E 0/1 416 0 416 $353,260 2.13% $160 $178 $2,133 $338<br />
2F 0/1 435 0 435 $369,750 2.23% $167 $186 $2,233 $354<br />
2G 2/1 736 1126 1862 $833,175 5.03% $377 $419 $5,032 $797<br />
3A 1/1 493 61 554 $436,447 2.64% $198 $220 $2,636 $417<br />
3B 1/1 551 69 619 $487,503 2.94% $221 $245 $2,944 $466<br />
3C 2/2 819 61 880 $629,438 3.80% $285 $317 $3,801 $602<br />
3D 1/1 584 0 584 $496,145 3.00% $225 $250 $2,996 $474<br />
3E 0/1 416 60 476 $370,260 2.24% $168 $186 $2,236 $354<br />
3F 0/1 438 60 498 $389,130 2.35% $176 $196 $2,350 $372<br />
3G 2/1 811 64 875 $624,175 3.77% $283 $314 $3,770 $597<br />
4A 1/1 493 61 554 $436,447 2.64% $198 $220 $2,636 $417<br />
4B 1/1 551 69 619 $487,503 2.94% $221 $245 $2,944 $466<br />
4C 2/2 819 61 880 $629,438 3.80% $285 $317 $3,801 $602<br />
4D 1/1 584 0 584 $496,145 3.00% $225 $250 $2,996 $474<br />
4E 0/1 416 60 476 $370,260 2.24% $168 $186 $2,236 $354<br />
4F 0/1 438 60 498 $389,130 2.35% $176 $196 $2,350 $372<br />
4G 2/1 811 64 875 $624,175 3.77% $283 $314 $3,770 $597<br />
5A 1/1 557 61 617 $490,167 2.96% $222 $247 $2,960 $469<br />
5B 1/1 551 69 619 $487,503 2.94% $221 $245 $2,944 $466<br />
5C 2/2 819 608 1427 $766,125 4.63% $347 $386 $4,627 $733<br />
5D 2/2 763 365 1128 $675,892 4.08% $306 $340 $4,082 $646<br />
5G 2/2 811 64 875 $626,308 3.78% $284 $315 $3,782 $599<br />
25909 3889 29798 $16,558,442 100.00% $7,500 $8,333 $100,000 $15,833<br />
Real Estate tax (year): $100,000.00<br />
Maintenance (year) $50,000.00<br />
Electricity for common spaces (year): $5,000.00<br />
Water (year): $5,000.00<br />
Insurance (year): $15,000.00<br />
Management (year), 3% of gross rent roll: $31,443.88<br />
Vacancy Loss (year), 3% of gross rent roll: $206,443.88<br />
NET rent roll $841,685.56<br />
Studios 1Bd's 2Bd's<br />
1010 <strong>Bushwick</strong> Ave Studios 1Bd's 2Bd's<br />
Unit 6 12 9<br />
Average SF's 426 553 801<br />
Rents $10,262 $25,081 $28,863<br />
Annual $123,142 $300,973 $346,361<br />
Average PPSF $48.15 $45.39 $48.05<br />
Apartments $770,476<br />
Parking $42,000<br />
CF $136,380<br />
Gross Rent Roll $948,856<br />
Studios 1Bd's 2Bd's<br />
Unit 6 12 9<br />
Average SF's 426 553 801<br />
Sellouts $2,241,790 $5,985,077 6,022,975<br />
Average PPSF $877 $902 $835<br />
Condo Sellouts $16,558,442<br />
CF $1,402,200<br />
Parking $350,000<br />
$18,310,642<br />
Ownership will consider <strong>Sale</strong> and/or<br />
Refinance, Recapitalization, or<br />
Joint Venture on the properties<br />
either individually or as a package<br />
ASKING PRICE<br />
$4,475,000<br />
32 | Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong><br />
Rosewood Realty Group • <strong>Offering</strong> <strong>Memorandum</strong> | 33
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