trylon portfolio
TRANSCRIPT
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nformation contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guaran
ning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy,
alue of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal co
d evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14th FloForest Hills, NY 11375
T: 718-275-3400 / F: 718-275-5478
275 Madison Avenue, 3rd FloorNew York, NY 10016
T: 212-696-2500 / F: 212-696-0333
205 Montague Street, 3rd FloorBrooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.547www.masseyknakal.com
HE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTE
HE TRYLON PORTFOLIO
73 FEET OF FRONTAGE ON QUEENS BOULEVARD
8-69/83 Queens Boulevard & 66-02 99th Street, Rego Park, NY 11374
For further information or inspection, please contact Exclusive Agents:
Thomas A. DonovanManaging Director, Partner
718-512-2626
Tommy LinDirector of Sales
718-512-2609
Eugene KimDirector of Sales
718-512-2618
A S K I N G P R I C E : $ 7, 8 5 0 , 0 0 0
Robert RappaAssociate
718-512-2601
Address Block LotQueens Blvd.
Frontage
99th Stree t
Frontage
66th Avenue
FrontageZoning
Lot
Sq. Ft. (IRR)
Building
Sq. Ft. (IRR)
Buildable
Sq. Ft.
Air
Right
98-83 Queens Boulevard 2105 1 142.41' 104.17' 0 R7-1/C1-2 6,531 6,530 26,124 19,59
98-69 Queens Boulevard 2105 10 96.38' 0 92.42' R7-1/C1-2 4,199 8,396 16,796 8,4098-81 Queens Boulevard 2105 14 34.21' 0 55.58' R7-1/C1-2 5,703 5,700 22,812 17,11
66-02 99th Street 2105 16 0 95.83' 52.58' R7-1/C1-2 5,039 5,038 20,156 15,11
als 273' 200' 200.58' 21,472 25,664 85,888 60,22
assey Knakal Realty Services has been retained on an exclusive basis to sell The Trylon Portfolio, an approx. 25,664
tail/office building which encompasses the entire city block bordered by Queens Boulevard (273 of frontage), 66thAven
00.58 of frontage) and 99th Street (200 of frontage) in Rego Park, NY. There are a total of 24 units with approx. 20,322
retail and 2,867 SF of office space, situated on four contiguous lots totaling approx. 21,472 SF. Currently there are
cant units available. The entire portfolio is situated in an R7-1/C1-2 zoning district, where as the maximum allowa
A.R. is 4.0 (Residential) and 2.0 (Commercial), which allows for approx. 60,000 SF of residential air rights. This is
cellent opportunity for an investor or developer to purchase a property with tremendous upside in a great location in Re
ark, NY. All potential uses and development potential should be independently check and verified.
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nformation contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guaran
ning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy,
alue of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal co
d evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14th FloForest Hills, NY 11375
T: 718-275-3400 / F: 718-275-5478
275 Madison Avenue, 3rd FloorNew York, NY 10016
T: 212-696-2500 / F: 212-696-0333
205 Montague Street, 3rd FloorBrooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.547www.masseyknakal.com
HE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTE
HE TRYLON PORTFOLIO
73 FEET OF FRONTAGE ON QUEENS BOULEVARD
8-69/83 Queens Boulevard & 66-02 99th Street, Rego Park, NY 11374
ACTUAL AND PROJECTED REVENUE:Gross Monthly Income: 65,371$
Gross Annual Income: 784,452$
Less Vacancy & Credit Loss (5%): 39,223$
Effective Gross Annual Income: 745,229$
EXPENSES: (ESTIMATED)
Real Estate Taxes (12/13): 182,919$
Insurance: 53,179$
Water/Sewer: 64,579$
Gas & Electric: 31,718$
Exterminating: 1,538$
Rubbish Removal: 3,963$
Repairs: 24,546$
Supplies: 16,800$
Management Fees (projected @ 5%): 37,261$
Total Expenses: 416,504$
Less Tenant pass-throughs (Taxes & Water): 53,642$Total Expenses: 362,862$
Gross Annual Income: 745,229$
Less Expenses: 362,862$
Net Operating Income: 382,368$
For further information or inspection, please contact Exclusive Agents:
A S K I N G P R I C E : $ 7, 8 5 0 , 0 0 0
Thomas A. DonovanManaging Director, Partner
718-512-2626
Tommy LinDirector of Sales
718-512-2609
Eugene KimDirector of Sales
718-512-2618
Robert RappaAssociate
718-512-2601
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7/27/2019 Trylon Portfolio
3/3
nformation contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guaran
ning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy,
alue of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal co
d evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Boulevard, 14th FloForest Hills, NY 11375
T: 718-275-3400 / F: 718-275-5478
275 Madison Avenue, 3rd FloorNew York, NY 10016
T: 212-696-2500 / F: 212-696-0333
205 Montague Street, 3rd FloorBrooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.547www.masseyknakal.com
HE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTE
HE TRYLON PORTFOLIO
73 FEET OF FRONTAGE ON QUEENS BOULEVARD
8-69/83 Queens Boulevard & 66-02 99th Street, Rego Park, NY 11374
For further information or inspection, please contact Exclusive Agents:
A S K I N G P R I C E : $ 7, 8 5 0 , 0 0 0
Thomas A. DonovanManaging Director, Partner
718-512-2626
Tommy LinDirector of Sales
718-512-2609
Eugene KimDirector of Sales
718-512-2618
Robert RappaAssociate
718-512-2601