314 West 102nd Street - nycbuildingadvisors.com

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New York, New York 10025314 West 102nd Street

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. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2019

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CONFIDENTIALITY & DISCLAIMER | 314 West 102nd Street

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.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT FOR MORE DETAILS.

TABLE OF CONTENTS | 314 West 102nd Street

Section 1: Property OverviewSection 2: Pricing & Financial Overview

TABLE OF CONTENTS | 314 West 102nd Street

Section 1: Property OverviewSection 2: Pricing and Financial Overview

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PROPERTY OVERVIEW

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. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2019 Marcus & Millichap. All rights reserved.

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PROPERTY OVERVIEW | 314 West 102nd Street

INVESTMENT HIGHLIGHTS

• Four-Story Multifamily Building on the Upper West Side• Four Floor-Through Free Market Apartments• Half Block from Riverside Park and Two Blocks from the 1

Line 103rd Street Subway Station• Potential for a Single-Family Conversion or Live-In Plus

Income

Marcus & Millichap is the exclusive sales broker for 314 West 102nd Street, a four-story multifamily building between West End Avenue and Riverside Drive on the Upper West Side.

The subject property measures approximately 19 feet by 63 feet totaling approximately 4,097 square feet and sits on a 19 foot by 100.92-foot R8B-zoned lot. The property has 3,571 square feet remaining of developable rights and is part of the Riverside-West End Historic District. The subject property contains four free market apartments.

The subject property is located at the center of the Upper West Side on one of the city’s primary residential blocks. The neighborhood is one of the most desirable in Manhattan for professionals, high-net worth individuals, restaurants, bars and retailers.


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Property Address Block & Lot Zoning Maximum Allowed FAR FAR as Built


PROPERTY SUMMARY

Number of Residential UnitsNumber of StoriesYear Built (est.) Gross Square Feet Building SizeLot Size Type of Ownership

THE OFFERING SITE DESCRIPTION

4 4

19254,097

19 ft x 63 ft19 ft x 100.92 ft

Fee Simple

314 West 102nd Street New York, NY 10025

1889-68R8B

42.4

TAX LOT MAP CERTIFICATE OF OCCUPANCY


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PROPERTY PHOTOS


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INTERIOR PHOTOS


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PROPERTY PHOTOS


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LOCAL & REGIONAL MAPS


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AERIAL MAP

SUBJECT PROPERTY


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PROPERTY OVERVIEW | Upper West Side

RECENT & FUTURE DEVELOPMENTS

SUBJECT PROPERTY

212 West 95th Street

Residential | 100,000 SF - 38 Apartments

123 West 106h Street

Residential | 48 Apartments

2551 BroadwayExtell Development

Mixed-Use | 200,000 SF

69 East 125th Street

Mixed-Use | 63,00 SF - 75 Apartments

814 Amsterdam Ave

Mixed-Use | 34 Units

720 West End Avenue

Residential | 220,000 SF - 116 Apartments

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. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2019

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PRICING & FINANCIAL ANALYSIS


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PRICING AND FINANCIAL ANALYSIS | 314 West 102nd Street

Current Per Unit Pro Forma Per UnitIncomeGROSS POTENTIAL INCOME $87,120 $21,780 $210,000 $52,500Vacancy (1.5%) Deductions $1,307 $327 $3,150 $788EFFECTIVE GROSS INCOME $85,813 $21,453 $206,850 $51,713

ExpensesReal Estate Taxes $36,921 $9,230 $38,029 $9,507Insurance $4,000 $1,000 $4,120 $1,030Water $3,600 $900 $3,708 $927Gas $4,500 $1,500 $4,635 $1,159Telephone & Electric $600 $150 $618 $155On-Site Payroll $3,000 $750 $3,090 $773Management Fee $2,574 $644 $2,652 $663Repairs & Maintenance $900 $225 $927 $232TOTAL EXPENSES $56,095 $14,399 $57,778 $14,445 Expenses per SF $13.69 $14.10 % of EGI 65.37% 27.93%

NET OPERATING INCOME $29,718 $7,054 $149,072 $37,268

FINANCING For financing information, please contact: Stephen Filippo, Marcus & Millichap Capital Corporation, (212) 430-5288

PROPERTY SUMMARY

PricePrice/UnitPrice/SF Number of Residential Units Gross Square Feet Building SizeLot Size

$3,650,000$912,500

$8914

4,09719 ft x 63 ft

19 ft x 100.92 ft

RENT ROLL

Unit # Unit Type

Legal Status

Unit Size (SF) Lease End Current

Rent/SF Current Rent Pro Forma Rent/SF

Pro Forma Rent

1 2BR FM 1000 - -$ -$ 66$ 5,500$ 2 2BR FM 1000 - 23.40$ 1,950$ 48$ 4,000$ 3 2BR FM 1000 - 25.32$ 2,110$ 48$ 4,000$ 4 2BR FM 1000 - 38.40$ 3,200$ 48$ 4,000$

Total Monthly Residential Rent 7,260$ 17,500$ 87,120$ 210,000$

Residential Units

Total Annual Residential Rent

Notes

Floor Through, GardenFloor ThroughFloor ThroughFloor Through

INCOME & EXPENSESFOR FURTHER INFORMATION OR TO SCHEDULE A WALK-THROUGH, PLEASE CONTACT OUR EXCLUSIVE AGENTS:FOR FURTHER INFORMATION OR TO SCHEDULE A WALK-THROUGH, PLEASE CONTACT OUR EXCLUSIVE AGENTS:


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FOR FURTHER INFORMATION OR TO SCHEDULE A WALK-THROUGH, PLEASE CONTACT OUR EXCLUSIVE AGENTS:

John J. StewartAssoicate Real Estate Broker

(212) [email protected]

[AGENT NAME]Licensed Real Estate Salesperson

[AGENT NUMBER][email protected]

FOR FURTHER INFORMATION OR TO SCHEDULE A WALK-THROUGH, PLEASE CONTACT OUR EXCLUSIVE AGENTS:

John J. StewartAssociate Real Estate Broker


Brian PorterLicensed Real Estate Salesperson


Nicholas BiedronLicensed Real Estate Salesperson


314 West 102nd Street - nycbuildingadvisors.com

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