545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
PROJECT OVERVIEW
• Location:
Crown Heights in Brooklyn is between Bedford Ave. and Franklin Ave.
Known for its beautiful museums and botanical gardens, Crown Heights is
considered by many to be the next Dumbo or Williamsburg.
• The Deal:
We plan to build 2 buildings with an elevator consisting of 6 units each.
Both buildings will consist of 9,460 sellable sqft.
• Equity being raised from BHRE investors: $1,600,000
• Expected project duration: 24 months
• Investors projected nominal return on cash invested: 47.13%
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
The Property Existing Status
Address
545-547 St. Marks Avenue
Crown Heights
Brooklyn, New York
Lot
Lot dim: 34 X 128.5 Sqft.
Lot Area: 4369 Sqft.
Zoning: mixture of R6B and R7
Comment
There is an existing building on one of the
lots that will be demolished.
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
The Property Proposed Status
• Two buildings with six high end units each
• An elevator
• Cellars for the ground floor units
• Terraces for the units above ground
Location in Very High Demand!
Crown Heights-
Crown Heights is a neighborhood in the central portion of the New York City borough of Brooklyn. The main thoroughfare
through this neighborhood is Eastern Parkway, a tree-lined boulevard designed by Frederick Law Olmsted.
The property at 545-547 St. Marks is adjacent to Prospect Heights where prices are already past the $1000/SF
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
To view on Google maps
FINANCIALS
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
Investors Cash on Cash
IRR * Profit Distribution Developer/Investor
%
$ SQFT
ROI Projection Type
תשואה לפרויקטשנתית תשואה
צפויה חלוקת רווח
* יזם /משקיע $
SQFT רמת תשואה צפויה
47.13% 23.56% 30 / 70 800 קונסרבטיבי
Business Plan
58.39% 29.19% 70 / 30 900 אופטימי
Optimistic
* Profit distribution changes apply to the delta / חלוקה הרווחים משתנה בהתאם למדרגות באופן יחסי *
*ROI includes registration fee of 5% * 5%התשואה מחושבת לאחר תשלום דמי רישום של /
FINANCIALS – Sensitivity Analysis
IRR is attractive even in an extreme case of a 4 month delay and/or at a lower sale price
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
ROI 20 21 22 23 24 25 26 27 28 Extrnal Internal
20.85% 12.51% 11.92% 11.37% 10.88% 10.43% 10.01% 9.62% 9.27% 8.94% $140 $700
27.42% 16.45% 15.67% 14.96% 14.31% 13.71% 13.16% 12.66% 12.19% 11.75% $145 $725
33.99% 20.39% 19.42% 18.54% 17.73% 16.99% 16.32% 15.69% 15.11% 14.57% $150 $750
40.56% 24.33% 23.18% 22.12% 21.16% 20.28% 19.47% 18.72% 18.03% 17.38% $155 $775
47.13% 28.28% 26.93% 25.71% 24.59% 23.56% 22.62% 21.75% 20.94% 20.20% $160 $800
49.94% 29.96% 28.54% 27.24% 26.06% 24.97% 23.97% 23.05% 22.20% 21.40% $165 $825
52.76% 31.65% 30.15% 28.78% 27.52% 26.38% 25.32% 24.35% 23.45% 22.61% $170 $850
55.57% 33.34% 31.75% 30.31% 28.99% 27.79% 26.67% 25.65% 24.70% 23.82% $175 $875
58.39% 35.03% 33.36% 31.85% 30.46% 29.19% 28.02% 26.95% 25.95% 25.02% $180 $900
Project Duration (months) Price Sqft
Estimated Sensitivity Table - price and duration - stage 1 investors
475 Sterling Pl # 4H Sold: August 26, 2014
$873 / SQ.FT
658 Park Pl Sold: October 6, 2014
$822 /SQ.FT
545-547 St. Marks Street
Projected Sale Date: July 2016 B.P : 800 $/ SQ.FT
957 Pacific Street Sold: September 5, 2014
$935 / SQ.FT
COMPARABLES
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
655 Franklin Ave. Sold: November 6, 2014
$849 / SQ.FT
475 Sterling Pl #31 Sold: August 26, 2014
$889 / SQ.FT
Terms and Conditions:
Investors receive an annual preferred Cash on Cash return of 10%.
Registration fee is 5% of the investment.
Investments are in units of $50,000.
FINANCIALS T&C’s
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
BHRE Group specializes in prime location investments which produce attractive returns.
We take an individualized approach when matching your investments with your financial
requirements. We locate the most ideal opportunities to suit each investor’s unique profile.
BHRE Group has exceeded the expectations of hundreds of satisfied investors. Our clients
continuously return for additional investment opportunities and proudly recommend us to their friends
and families.
Our dedicated and professional team attends to every step of your investment process; from the
initial purchase all the way to the deposit of your profits. Our comprehensive and strategic service is
the key to the smoothest investment process possible for your financial success.
Join Us
Aaron Harow [email protected] +972-54-3392418
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
BHRE Group LLC www.bhregroup.com
Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 361-723-0927 US cell: 310-600-1267
Disclaimer
This Offering Memorandum has been prepared by BHRE Group LLC regarding the purchase of the property
described herein at 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
(the “Property”). The materials and information contained in this Offering Memorandum do not purport to be all-
inclusive or to contain all of the information which prospective investors may need or desire. All materials have been
developed by BHRE Group and other sources and are subject to variation and withdrawal.
No representation is made by BHRE Group as to the accuracy or completeness of the information contained herein
and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of
the Property. Although the information contained herein is believed to be correct, BHRE Group and its respective
principals and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise
independent due diligence in verifying all such information.
Further, BHRE Group and its respective principals and employees disclaim any and all liability for representations
and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written
or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute
a representation that there has been no change in the business or affairs of the Property since the date of the
preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering
Memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to
inspect the Property will be made available upon request to interested and qualified investors.
BHRE GROUP LLC DISCLAIMER
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
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“The Real Deal” May 24, 2014 12:00PM
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
In Brooklyn, the population has grown by 82,500, but it has gained just 5,300 units
NYC population boom overwhelms housing supply
Summary for Crown Heights
The median sales price for homes in Crown Heights, Brooklyn for Aug 14 to Nov 14 was $756,643 based on 4 sales. Compared to the same period one year ago, the median sales price increased 23%, or $141,259, and the number of sales decreased 60%.
Source: Trulia
Source: PriceWaterhouseCoopers – Emerging Trends 2014
New York City is the only major US
location that has been an attractive
investment prospect for 4 consecutive
years
FUTURE– OUTLOOK
2014 US Real Estate Activity
New York City (NYC)
real estate
improvement is
substantially higher
than all other major
US cities
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
FINANCIALS - Breakdown
$1,600,275
Projected $800 Up Side $900
24.55% $395,745 10.52% $94,552
Accumulated income
ROI for Investors
Yearly yield for Investors
Investors income before reg. fee
Registration fee
ROI after reg. fee
Yearly yield after reg. fee
47.13%
Investor Income Distribution - Stage 1
Up Side
23.56% 29.19%
$791,852 $981,043
5%
58.39%
ROI and Yearly yield after registration fee
Total Investor's Distribution
Investor's Income
$791,852
Projected
Share from Delta
30.65%
49.48% 61.30%
24.74%
Share from profit
$981,043