CBC - Offering Memorandum (P)...cbcw orldwide.c om reliable real estate fully renovated, vacant, free market bushwick 6 unit for sale $2,700,000 1363 hancock street brooklyn, ny 11237
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RELIABLE REAL ESTATE
FULLYRENOVATED,VACANT, FREEMARKETBUSHWICK 6UNIT FOR SALE$2,700,000
1363 Hancock StreetBrooklyn, NY 11237
AVAILABLE SPACE4,368 SF
AREALocated in the Bushwick section of Brooklyn, NY. Bushwick continues to growas demand, prices and rental rates increase.Easy access to public transportation. Nearby L & M trains, transit score 100%,walk score 96%.Short distance to the BQE, Brooklyn and Manhattan Bridges, Jackie RobinsonPkwy and the Van Wyck Expy.
This offering has been prepared solely for informational purposes. It is designed to assist a potentialinvestor in determining whether it wishes to proceed with an in-depth investigation of the subjectproperty. While the information contained herein is from sources deemed reliable, it has not beenindependently verified by the Coldwell Banker Commercial affiliate or by the Seller.
The projections and pro forma budget contained herein represent best estimates on assumptionsconsidered reasonable under the circumstances. No representations or warranties, expressed orimplied, are made that actual results will conform to such projections.
This document is provided subject to errors, omissions and changes in the information and is subjectto modification or withdrawal. The contents herein are confidential and are not to be reproducedwithout the express written consent.
Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALLFAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/orafter contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspectand investigate the Property and all improvements thereon, either independently or through agents ofthe buyer’s choosing.
The Seller reserves the right to withdraw the Property being marketed at any time without notice, toreject all offers, and to accept any offer without regard to the relative price and terms of any other offer.Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated ina formal written contract of purchase and sale to be prepared by the Seller and executed by bothparties; and (iii) approved by Seller and such other parties who may have an interest in the Property.Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase andsale, which contract shall supersede prior discussions and writings and shall constitute the soleagreement of the parties.
Prospective buyers shall be responsible for their costs and expenses of investigating the Property andall other expenses, professional or otherwise, incurred by them.
$170,352 Rent Roll$14,326 Expenses$156,026 Net Income5.78% Cap Rate$618 Price Per SF
LOCATION DESCRIPTION
Located in the Bushwick section of Brooklyn, NY. Bushwickcontinues to grow as demand, prices and rental rates increase.Easy access to public transportation. Nearby L & M trains, transitscore 100%, walk score 96%.Short distance to the BQE, Brooklyn and Manhattan Bridges,Jackie Robinson Pkwy and the Van Wyck Expy.
SITE DESCRIPTION
4,368 SF 6 Unit including a 1st floor 2 bed / 2 bath garden unit, 3one bedrooms & 1 studio on the 2nd and 3rd floors and a 2 bed /2 bath fourth floor unit with front and rear terraces.All utilities separately metered.Top of the line gut renovation and extension.1st and 4th floor have private washer / dryers, 2nd & 3rd floorhave shared washer / dryers.Central A/C, new electric & plumbing & sprinkler systemDelivered Vacant
UTILITIES DESCRIPTION
Separately Metered
CONSTRUCTION DESCRIPTION
Full gut renovation and extension
PLUMBING DESCRIPTION
New
SA
LE
1363 Hancock Street, Brooklyn, NY 11237
FULLY RENOVATED, VACANT, FREE MARKETBUSHWICK 6 UNIT FOR SALE
LOCATION INFORMATION
Building Name Fully Renovated, Vacant, FreeMarket Bushwick 6 Unit for Sale