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15TOTAL UNITS
$627PRICE /SF
5.2%CAP RATE
52'FRONTAGE
14,684TOTAL SQUARE FEET
$27,967PROJECTED TAXES
16.0GRM
Shaun RineyTel: (718) 475-4369
Dylan WalshTel: (212) 430-5120
Jack ShereskyTel: (718) 475-4396
Andrew Dansker | Financing InquiriesTel: (212) 430-5168
L I S T I N G M E T R I C S
27-57-27-59 Crescent StreetIs being offered at $9,200,000
COVER OPTION1
F I N A N C I A L O V E R V I E W
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
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 must verify the information and bears all risk for any inaccuracies. Any projections, opinions,
assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap
$/SF $627 INCOME CURRENT PRO FORMA
$/UNIT $613,333 Gross Potential Residential Rent $451,905 $457,425
TOTAL SF 14,684 Gross Potential Commercial Rent $121,485 $121,485
TOTAL UNITS 15 Gross Income $573,391 $578,910
CURRENT METRICS Other Income $0 $0
CAP RATE 5.2% Effective Gross Income $559,833 $565,187
GRM 16.0 Average Residential Rent/Month/Unit $2,690 $2,723
PRO FORMA METRICS
CAP RATE 5.3% EXPENSES
GRM 15.9 Property Taxes Tax Class: 2B 421a $27,967 $27,967
CASH ON CASH 4.93% Fuel - Gas ACTUAL $1,156 $1,156
Insurance ACTUAL $7,986 $7,986
Water and Sewer ACTUAL $5,590 $5,590
EXPENSE RATIO UPSIDE ANALYSIS Repairs and Maintenance ACTUAL $6,451 $6,451
Common Electric (PPSF) ACTUAL $8,968 $8,968
Super Salary ACTUAL $2,500 $2,500
Management Fee ACTUAL $17,078 $16,956
Total Expenses $77,696 $77,573
Net Operating Income $482,137 $487,614
LEASE STATUS ANALYSIS
UNIT BREAKDOWN % OF TOTAL TOTAL AVG. RENT
Total Units -- 14 $3,413
Total RS Units 100% 14 $2,690
Total RC Units 0% 0 $0
Total FM Units 0% 0 $0
PROPOSED DEBT Total Commercial -- 1 $10,124
Debt Service ($280,438)
Debt Coverage Ratio 1.72 UNIT TYPE ANALYSIS
Net Debt Cash Flow After Debt Service $207,176 TYPE % OF TOTAL TOTAL AVG. RENT
Loan Amount $5,000,000 Studio 14% 2 $1,923
Interest Rate 3.75% 1 Bedroom 71% 10 $2,567
Amortization 30 2 Bedroom 0% 0 $0
***Assumable loan of $5,000,000, non recourse @3.65% expiring 2022 3 Bedroom 14% 2 $4,073
See agent for loan documents 4 Bedroom 0% 0 $0
5 Bedroom 0% 0 $0
6 Bedroom 0% 0 $0
SRO 0% 0 $0
GROSS TOTAL SF
14,684 $627$/SF
OFFERING PRICE
14%
Market Rate
Units
5%PROPERTY TAXES
RATIO
PRO FORMA
AVERAGE MONTHLY
RENT
100%
$9,200,000
($13,723)($13,557)Vacancy/Collection Loss
$2,723
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
Current Avg RS UnitsMarket RentsCurrent Avg FM Rents
R E N T R O L L
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
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 must verify the information and bears all risk for any inaccuracies. Any projections, opinions,
assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap
UNIT TENANT NAME REIMBURSEMENTS NOTES EXPIRATION ACTUAL PRO FORMA
Day Care/Below
Grade
Millie's World Pays 15% of tax increase above base
year
4% Annual Increases Jun-27 $10,124 $10,124
$10,124 $10,124
RESIDENTIAL RENT
UNIT# LEASE STATUS NOTES BEDROOMS ROOMS EXPIRATION ACTUAL PRO FORMA LEGAL
25-57 Crescent
Street
1A RS Studio 2 Oct-20 $1,950 $1,979 $1,924
1B RS Private Patio 1 Bedroom 3 Sep-20 $2,700 $2,741 $3,183
2A RS Balcony 1 Bedroom 3 Apr-20 $2,500 $2,538 $2,901
2B RS Balcony 1 Bedroom 3 Feb-20 $2,500 $2,538 $2,673
3A RS Balcony 1 Bedroom 3 Aug-20 $2,595 $2,634 $2,980
3B RS Balcony 1 Bedroom 3 Jul-20 $2,646 $2,686 $2,646
4 RS 3 Bedroom 5 Jul-20 $4,085 $4,146 $4,085
25-59 Crescent
Street
1A RS Studio 2 Nov-19 $1,895 $1,895 $2,687
1B RS Private Patio 1 Bedroom 3 Mar-21 $2,563 $2,563 $2,975
2A RS Balcony 1 Bedroom 3 Sep-19 $2,538 $2,538 $2,538
2B RS Balcony 1 Bedroom 3 Oct-20 $2,590 $2,629 $3,703
3A RS Balcony 1 Bedroom 3 Oct-20 $2,538 $2,576 $2,905
3B RS Balcony 1 Bedroom 3 Aug-20 $2,500 $2,538 $2,629
4 RS Balcony 3 Bedroom 5 Sep-20 $4,060 $4,121 $4,945
MONTHLY RESIDENTIAL REVENUE 18 44 $37,659 $38,119 $42,773
ANNUAL RESIDENTIAL REVENUE $451,905 $457,425 $513,281
ANNUAL COMMERCIAL REVENUE $121,485 $121,485
ACTUAL PRO FORMA
TOTAL ANNUAL REVENUE $573,391 $578,910
There are currently 0 vacant units in the building. The super lives off site.
There are 15 total units.
27-57-27-59 Crescent Street
MONTHLY COMMERCIAL REVENUE
COMMERCIAL RENT
CITY: Astoriai
STATE: NYi
BLOCK & LOT: 574 / 135i
LOT DIMENSIONS: 50 ft. x 100 ft.i
LOT SF: 5,000i
BUILDING DIMENSIONS: 52 ft. x 50 ft.i
BUILDING SF: 14,650i
ZONING: R6Bi
MAX FAR: 2.00i
AVAILABLE AIR RIGHTS: 0i
LANDMARK DISTRICT: Nonei
HISTORIC DISTRICT: Nonei
TAXES BEFORE ABATEMENT: __$142,203
421 ABATEMENT: $114,236
ANNUAL TAXES 19/20 421a $27,967i
421A EXPIRATION 2028
TAX CLASS: 2Bi
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
P R O P E R T Y D E S C R I P T I O N
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
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 must verify the information and bears all risk for any inaccuracies. Any projections, opinions,
assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real
Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2019 Marcus & Millichap
27-57-27-59 Crescent Street
30th Ave StationAstoria Ferry
C O M P T O N’ S
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
I N T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
I N T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
I N T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
I N T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
I N T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
2 7 - 5 7 - 2 7 - 5 9 C r e s c e n t S t r e e t _
E X T E R I O R S
Andrew Dansker
Tel: (212) 430-5168
Financing
Inquiries:Shaun Riney
Tel: (718) 475-4369
Dylan Walsh
Tel: (212) 430-5120
Jack Sheresky
Tel: (718) 475-4396
www.newyorkmultifamily.com 212 430 5114
Andrew DanskerTel: (212) 430-5168
Financing
Inquiries:
Shaun RineyTel: (718) 475-4369
Dylan WalshTel: (212) 430-5120
Jack ShereskyTel: (718) 475-4396
