784 4 th ave package

OFFERING MEMORANDUM

BROOKLYN, NY

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly

confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap

and should not be made available to any other person or entity without the written consent of

Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the

subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no

warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property

and improvements, the presence or absence of contaminating substances, PCB's or asbestos,

the compliance with State and Federal regulations, the physical condition of the improvements

thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or

intentions to continue its occupancy of the subject property. The information contained in this

Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus

& Millichap has not verified, and will not verify, any of the information contained herein, nor has

Marcus & Millichap conducted any investigation regarding these matters and makes no warranty

or representation whatsoever regarding the accuracy or completeness of the information

provided. All potential buyers must take appropriate measures to verify all of the information set

forth herein.

BROOKLYN, NY

Section 1 PRICING AND FINANCIAL ANALYSIS

Section 2 PROPERTY DESCRIPTION

Section 3 DEMOGRAPHIC ANALYSIS

TABLE OF CONTENTS

BROOKLYN, NY

PRICING AND FINANCIAL ANALYSIS

1

Price $5,200,000

Down Payment 100% / $5,200,000

Total Rentable Square Feet 15,300

Price/Square Foot $339.87

Vital DataCAP Rate - Current 5.11%

Net Operating Income - Current $265,632

Total Return - Current 5.11% / $265,632


Unit Mix

784 4th AvenueBROOKLYN, NY

No. ofUnits**

UnitType

Approx.Square Feet

Total

Major Employers

CompanyLocal

Employees

Nyc Police Department 9,242

Verizon 8,543

Patriarch Partners LLC 8,112

American Express 7,474

US Post Office 5,796

American Intl Group Inc 5,700

City of New York 5,152

Standard & Poors Securities 5,000

Department of Transportation 4,767

Public Transportation 4,750

Maimonides Medical Center Inc 3,950

Brookdale Univ Hosp & Med Ctr 3,700

This information has been secured from sources we believe to be reliable, but we make no representations or warranties,expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer mustverify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a servicemark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2013 Marcus & Millichap

Demographics

1-Mile 3-Miles 5-Miles

2012 Population 62,589 915,574 2,336,159

2017 Population 65,375 957,803 2,426,983

2012 Households 22,679 337,638 892,328

2017 Households 23,783 354,040 940,224

Median HH Income $58,703 $50,932 $47,496

Per Capita Income $28,078 $29,087 $29,215

HH Average Income $76,495 $77,472 $74,865

OFFERING SUMMARY

2

PRICING AND FINANCIAL ANALYSIS784 4th AvenueBROOKLYN, NY



Income Current

ApartmentsGROSS POTENTIAL RENT $336,732

GROSS POTENTIAL INCOME $336,732

EFFECTIVE GROSS INCOME $336,732

RetailGROSS POTENTIAL RENT $98,400

GROSS POTENTIAL INCOME $98,400

EFFECTIVE GROSS INCOME $98,400

COMBINED EFFECTIVE GROSS INCOME $435,132

Total Expenses $169,500

% of EGI 39.0%

NET OPERATING INCOME $265,632

INCOME AND EXPENSES

3



Current Per SF

Real Estate Taxes $80,000 $5.23

Insurance $10,000 $0.65

Fuel $30,000 $1.96

Repairs & Maintenance $20,000 $1.31

Water & Sewer $25,000 $1.63

Electric $4,500 $0.29

TOTAL EXPENSES $169,500 $11.08

% of EGI 39.0%

EXPENSES

4



RENT ROLLAPT TENANT BAMOUNT LEASE ROOMSA1 MR. CESAR S MARTINEZ 770.00$ 11/30/2013 2A2 MS. CARMEN S ACOSTA 896.27$ 12/31/2012 2A3 VACANT APARTMENT / / 2A4 MR. CARLOS HERRERA 1,346.09$ 1/31/2013 3A5 MR. HARRY P GALARZA 820.00$ 2/28/2013 2A6 MR. CONRAD TURNER 1,000.00$ 2/28/2014 2A7 MR. CALIXTO MARMOLEJO 678.15$ 8/31/2013 2A8 MR. GABRIEL CUADRADO 899.80$ 3/31/2013 2A9 MR. RAUL BACUIMA MRS. ELSA GUZMAN 1,065.31$ 1/31/2014 3B1 MR. DAVID ANGELATOS 1,000.00$ 7/31/2013 2B2 MRS. HILDARIS MARTINEZ 820.00$ 1/31/2013 2B3 MR. FIDEL ESPINOSA 1,224.00$ 12/31/2013 3B4 MR. ANDRES JUAREZ 1,269.90$ 12/31/2012 3B5 MRS. DAHLIA FREUDENTHAL 1,050.00$ 2/28/2014 2B6 MRS. WENDY CHAVEZ 750.00$ 5/31/2013 2B7 MR. RAFAEL E BILLINI 850.00$ 10/31/2013 2B8 MR. RICHARD DORE 1,050.00$ 1/9/2014 2B9 SUPER 1,500.00$ / / 3B10 MR. DOVAN YOUSEF 1,139.57$ 4/30/2013 3B11 MR. RAMON ESPINOZA 793.51$ 8/14/2013 2B12 MR. XAVIER HERRERA 685.12$ 11/30/2013 2C1 MR. DIEGO JIMENEZ 770.00$ 1/31/2014 2C2 MR. LEONARDO QUEZADA 710.62$ 1/31/2014 2C3 MRS. CRISTOBALINA LUGO 916.51$ 5/14/2015 3C4 MRS. PICON PAOLA 1,228.98$ 12/31/2013 3C5 MR. JASON GREEN 1,100.00$ 3/31/2014 2C6 MR. WALTER FLORES 772.29$ 8/15/2013 2C7 MR. GABRIEL CARINO MRS. BLANCA ZHANGALLIMBAY 830.00$ 8/31/2013 2C8 MRS. MARIA TORRES 868.68$ 4/30/2014 2C9 MR. HASSAN MOHAMED 1,305.61$ 6/30/2013 3C10 MR. JOSE GIL‐MORAL 1,298.47$ 1/31/2014 3C11 MR. JUAN JOSE RICO 818.93$ 9/30/2013 2C12 MR. MICHAEL ADAN 1,000.00$ 12/14/2013 2STORE MR. SERGEI DUDITS 1,200.00$ 10/30/2013LAUNDRYMAT 3,500.00$ SIGN REDROCK 333.33$ 2/28/2016

36,261.14$ 435,133.68$

784 4th Avenue

brooklyn, NY 11232

Price $5,200,000

Down Payment 100% /


Price/Square Foot $339.87

CAP Rate - Current 5.11%

Type of Ownership Fee Simple

5

Annualized Operating Data


Income CurrentApartments - Gross Potential Rent $336,732Retail - Gross Potential Rent $98,400Combined Gross Potential Rent $435,132Gross Potential Income $435,132Effective Gross Income $435,132Less: Combined Expenses $169,500

Net Operating Income $265,632

Net Cash Flow After Debt Service 5.11% / $265,632Total Return 5.11% / $265,632

Location

784 4th AvenueBROOKLYN, NY

ExpensesReal Estate Taxes $80,000

Insurance $10,000

Fuel $30,000

Repairs & Maintenance $20,000

Water & Sewer $25,000

Electric $4,500TOTAL EXPENSES $169,500

EXPENSES/SF $11

% of EGI 39.0%


FINANCIAL OVERVIEW

BROOKLYN, NY

PROPERTY DESCRIPTION

8

PROPERTY DESCRIPTION784 4th AvenueBROOKLYN, NY


PROPERTY PHOTOS

Local Map Regional Map

9

PROPERTY DESCRIPTION784 4th AvenueBROOKLYN, NY


AREA MAPS

10This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is aservice mark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2013 Marcus & Millichap

784 4th AvenueBROOKLYN, NY PROPERTY DESCRIPTION

PLOT MAP

11This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information.References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is aservice mark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2013 Marcus & Millichap

784 4th AvenueBROOKLYN, NY PROPERTY DESCRIPTION

AERIAL PHOTO

BROOKLYN, NY

DEMOGRAPHIC ANALYSIS

1 Mile 3 Miles 5 Miles

1990 Population 53,199 839,069 2,081,614

2000 Population 60,754 892,983 2,230,921

2010 Population 61,331 896,544 2,295,267

2012 Population 62,589 915,574 2,336,159

2017 Population 65,375 957,803 2,426,983

1990 Households 19,227 310,075 769,330

2000 Households 21,377 327,860 823,874

2010 Households 22,233 330,999 871,205

2012 Households 22,679 337,638 892,328

2017 Households 23,783 354,040 940,224

2012 Average Household Size 2.66 2.66 2.57

2012 Daytime Population 28,887 281,717 974,014

1990 Median Housing Value $166,696 $224,711 $198,435

2000 Median Housing Value $232,655 $275,320 $228,157

2000 Owner Occupied Housing Units 24.40% 23.39% 23.31%

2000 Renter Occupied Housing Units 70.18% 71.97% 71.18%

2000 Vacant 5.41% 4.64% 5.50%



2012 Vacant 7.02% 7.40% 7.92%



2017 Vacant 6.12% 6.54% 6.71%

$ 0 - $14,999 12.8% 15.4% 18.1%

$ 15,000 - $24,999 9.9% 11.2% 11.4%

$ 25,000 - $34,999 8.4% 10.2% 10.0%

$ 35,000 - $49,999 12.1% 12.6% 12.4%

$ 50,000 - $74,999 17.5% 16.5% 15.6%

$ 75,000 - $99,999 13.1% 10.7% 10.3%

$100,000 - $124,999 8.1% 7.3% 6.9%

$125,000 - $149,999 6.0% 4.8% 4.5%

$150,000 - $199,999 4.9% 3.6% 3.3%

$200,000 - $249,999 1.9% 1.5% 1.4%

$250,000 + 5.4% 6.4% 6.2%

2012 Median Household Income $58,703 $50,932 $47,496

2012 Per Capita Income $28,078 $29,087 $29,215

2012 Average Household Income $76,495 $77,472 $74,865

Demographic data © 2010 by Experian/Applied Geographic Solutions.

13

DEMOGRAPHIC ANALYSIS784 4th AvenueBROOKLYN, NY


DEMOGRAPHIC REPORT

Geography: 5 Miles

Population

In 2012, the population in your selected geography was 2,336,159 . The population has changed by 4.71% since 2000. It is estimatedthat the population in your area will be 2,426,983 five years from now, which represents a change of 3.88% from the current year. Thecurrent population is 47.6% male and 52.3% female. The median age of the population in your area is 34.6 , compare this to the U.S.average which is 36.9. The population density in your area is 29,696.16 people per square mile.

HouseholdsThere are currently 892,328 households in your selected geography. The number of households has changed by 8.30% since 2000. Itis estimated that the number of households in your area will be 940,224 five years from now, which represents a change of 5.36% fromthe current year. The average household size in your area is 2.56 persons.

Income

In 2012, the median household income for your selected geography is $47,496 , compare this to the U.S. average which is currently$53,620. The median household income for your area has changed by 39.82% since 2000. It is estimated that the median householdincome in your area will be $52,532 five years from now, which represents a change of 10.60% from the current year.

The current year per capita income in your area is $29,215 , compare this to the U.S. average, which is $28,713. The current yearaverage household income in your area is $74,865 , compare this to the U.S. average which is $73,458.

Race & EthnicityThe current year racial makeup of your selected area is as follows: 43.86% White, 30.89% African American, 0.71% Native Americanand 10.53% Asian/Pacific Islander. Compare these to U.S. averages which are: 72.40% White, 12.60% African American, 0.95%Native American and 4.93% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 18.42% of the current year populationin your selected area. Compare this to the U.S. average of 16.90%.

HousingThe median housing value in your area was $228,157 in 2000, compare this to the U.S. average of $110,796 for the same year. In2000, there were 203,270 owner occupied housing units in your area and there were 620,599 renter occupied housing units in yourarea. The median rent at the time was $634 .

Employment

In 2012, there are 974,014 employees in your selected area, this is also known as the daytime population. The 2000 Census revealedthat 63.0% of employees are employed in white-collar occupations in this geography, and 36.9% are employed in blue-collaroccupations. In 2012, unemployment in this area is 8.44% . In 2000, the median time traveled to work was 36.3 minutes.


14



SUMMARY REPORT

Number of people living in a given area per square mile.


15



POPULATION DENSITY

The number of people employed in a given area per square mile.


16



EMPLOYMENT DENSITY

Average income of all the people 15 years and older occupying a single housing unit.


17



AVERAGE HOUSEHOLD INCOME

BROOKLYN, NY

784 4th Avenue

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784 4 th ave package

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