Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com

ADDRESS 362-364 Parkside Avenue

CITY, STATE, ZIP Brooklyn, NY 11226

NEIGHBORHOOD Prospect-Lefferts Gardens

BLOCK/LOT 5055 / 40

LOT SIZE 20 ft x 121.75 ft

LOT SF ±2,435 SF

BUILDING SIZE 20 ft x 50 ft

BUILDING SF ±4,000 SF

STORIES 4

ZONING R6

FAR AS BUILT 1.64

MAX FAR 2.43

RE TAXES $17,629

DESCRIPTIONWestbridge Realty Group is pleased to offer for sale 362-364 Parkside Avenue, a renovated 4-family apartment building in Prospect – Lefferts Gardens, Brooklyn. Built 20 ft x 50 ft, the building spans 4,000 SF and contains four apartment units. All of the units are vacant but newly renovated. The property also has 1,357 SF of unused air-rights. The building is conveniently located within walking distance to a the Winthrop Street subway station which services the 2 and 5 trains.

PROPERTY INFORMATION

ASKING PRICE: $2,500,000CAP: 6.00%GRM: 13.02 x$/UNIT: $500,000$/SF: $625

362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY

Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com

362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY

Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com

362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY

GROSS INCOMETOTAL ANNUAL PER UNIT

RENTAL INCOME $192,000 $38,400 / Unit

VACANCY & COLLECTION LOSS (4%) -$7,680 -$1,536 / Unit

EFFECTIVE GROSS INCOME $184,320 $36,864 / Unit

GROSS EXPENSESTOTAL ANNUAL PER UNIT

MANAGEMENT FEE (4.0% OF EGI) $7,373 $1,475 / Unit

UTILITES (TENANTS PAY) $0 $0 / Unit

WATER & SEWER $3,375 $675 / Unit

REPAIRS & MAINTENANCE $3,125 $625 / Unit

INSURANCE $2,875 $575 / Unit

REAL ESTATE TAXES $17,629 $5,876 / Unit

EFFECTIVE GROSS EXPENSES $34,377 $6,875 / Unit

NET OPERATING INCOMENET OPERATING INCOME $149,943

ASKING PRICE $2,500,000 $500,000 / Unit

CAP RATE 13.02x $625 / SF

GRM 6.00%

Information contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.comInformation contained herein is sources deemed reliable but is subject to errors, omissions, changes of price or terms, and withdrawal without prior notice at any time.

152 Madison Avenue | Suite 202 | New York, NY 10016 | (212) 658-0793 | Westbridge-Re.com

362-364 PARKSIDE AVENUE4-UNIT RENOVATED MULTIFAMILY

PLOT PLAN

RENT ROLL

UNIT STATUS BEDROOMS MONTHLY RENT

ANNUAL RENT

1 Vacant/ Projected 5-BR $4,000 $48,000

2 Vacant/ Projected 5-BR $4,000 $48,000

3 Vacant/ Projected 5-BR $4,000 $48,000

4 Vacant/ Projected 5-BR $4,000 $48,000

TOTAL $16,000 $192,000