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Address 98-83 Queens Boulevard 98-69 Queens Boulevard 98-81 Queens Boulevard 66-02 99th Street
Queens Blvd. 99th Street Frontage Frontage 142.41' 96.38' 34.21' 0 273' 104.17' 0 0 95.83' 200'
Totals
Massey Knakal Realty Services has been retained on an exclusive basis to sell The Trylon Portfolio, an approx. 25,664 SF retail/office building which encompasses the entire city block bordered by Queens Boulevard (273 of frontage), 66th Avenue (200.58 of frontage) and 99th Street (200 of frontage) in Rego Park, NY. There are a total of 24 units with approx. 20,322 SF of retail and 2,867 SF of office space, situated on four contiguous lots totaling approx. 21,472 SF. Currently there are 4 vacant units available. The entire portfolio is situated in an R7-1/C1-2 zoning district, where as the maximum allowable F.A.R. is 4.0 (Residential) and 2.0 (Commercial), which allows for approx. 60,000 SF of residential air rights. This is an excellent opportunity for an investor or developer to purchase a property with tremendous upside in a great location in Rego Park, NY. All potential uses and development potential should be independently check and verified. th
205 Montague Street, 3rd Floor Brooklyn, NY 11201 A T: 718-238-8999 / F: 718-238-6091
SKIN
275 Madison Avenue, 3rd Floor New York, NY 10016 G PRICE : 212-696-0333 $ 7, 8 5 T: 212-696-2500 / F:
0,0
Thomas A. Donovan
Managing Director, Partner tdonovan@masseyknakal.com 718-512-2626
Tommy Lin
Director of Sales tlin@masseyknakal.com 718-512-2609
Eugene Kim
Director of Sales ekim@masseyknakal.com 718-512-2618
Robert Rappa
Associate rrappa@masseyknakal.com 718-512-2601
The information 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 guarantee it. All zoning, 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, if any. The value 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 counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478 www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
ACTUAL AND PROJECTED REVENUE: Gross Monthly Income: Gross Annual Income: Less Vacancy & Credit Loss (5% ): Effective Gross Annual Income: EXPENSES: (ESTIMATED) Real Estate Taxes (12/13): Insurance: Water/Sewer: Gas & Electric: Exterminating: Rubbish Removal: Repairs: Supplies: Management Fees (projected @ 5% ): Total Expenses: Less Tenant pass-throughs (Taxes & Water): Total Expenses: Gross Annual Income: Less Expenses: Net Operating Income:
$ $ $ $
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $
182,919 53,179 64,579 31,718 1,538 3,963 24,546 16,800 37,261 416,504 53,642 362,862 745,229 362,862 382,368
SKIN
275 Madison Avenue, 3rd Floor New York, NY 10016 G PRICE : 212-696-0333 $ 7, 8 5 T: 212-696-2500 / F:
0,0
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 0 T: 0 718-275-3400 / F: 718-275-5478
Thomas A. Donovan
Managing Director, Partner tdonovan@masseyknakal.com 718-512-2626
Tommy Lin
Director of Sales tlin@masseyknakal.com 718-512-2609
Eugene Kim
Director of Sales ekim@masseyknakal.com 718-512-2618
Robert Rappa
Associate rrappa@masseyknakal.com 718-512-2601
The information 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 guarantee it. All zoning, 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, if any. The value 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 counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478 www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
SKIN
275 Madison Avenue, 3rd Floor New York, NY 10016 G PRICE : 212-696-0333 $ 7, 8 5 T: 212-696-2500 / F:
0,0
118-35 Queens Boulevard, 14th Floor Forest Hills, NY 11375 0 T: 0 718-275-3400 / F: 718-275-5478
Thomas A. Donovan
Managing Director, Partner tdonovan@masseyknakal.com 718-512-2626
Tommy Lin
Director of Sales tlin@masseyknakal.com 718-512-2609
Eugene Kim
Director of Sales ekim@masseyknakal.com 718-512-2618
Robert Rappa
Associate rrappa@masseyknakal.com 718-512-2601
The information 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 guarantee it. All zoning, 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, if any. The value 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 counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. 14th Floor Forest Hills, NY 11375 718.275.3400 Fax 718.275.5478 www.masseyknakal.com
THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER