BPO & Marketing Proposal 15 Stratford Rd Brooklyn, NY
Presented To: Oral Rowe
Prepared By: Vladi Gold, Co-Founder of Elite Connect Grigoriy Azayev, Licensed Sales Associate
Elite Connect
Office: (718) 942-5952
2811 Ave U
Cell: (347) 301-5846
Brooklyn, NY 11229
Fax: (718) 975-4680 Email: Greg@eliteconnectre.com EliteConnectRE.com
Table of Contents I.
PROPERTY DUE DILIGENCE • • •
Building Loca:on Review and Maps Zoning Informa:on Neighborhood Character
II. BROKER OPINION OF VALUE • •
Comparable Sales Valua:on
III. MARKETING STRATEGY •
Overview
IV. INTRODUCTION TO ELITE CONNECT • •
About Elite Connect Background
V. CLIENT HISTORY • • • •
Recent Sales Client Tes:monials Client List References
PROPERTY DUE DILIGENCE
PROPERTY PHOTO
AERIAL PHOTO
LOCATION &TAX MAP
ZONING INFORMATION
Zoning Descrip:on R6A districts differ from R6 districts primarily in greater lot coverage and modified height and setback regula:ons. These typically produce six-story apartment buildings designed to be compa:ble with exis:ng buildings found in older neighborhoods. The R6A district is mapped primarily in Brooklyn and Queens; Prospect Park Southwest in Brooklyn is a typical R6A street. The FAR in R6A districts is 3.0. The street wall of a building must be located within a mandated front wall setback area of eight feet on a wide street or 15 feet on a narrow street. The maximum building height is determined by the building envelope which may not be penetrated by the building. The building envelope is controlled by the intersec:on of front and rear sky exposure planes that rise according to a specific ra:o. The Quality Housing Program is mandatory in R6A districts.
ZONING INFORMATION
DEPT. OF BUILDINGS OVERVIEW
CERTIFICATE OF OCCUPANCY
DEED
NEIGHBORHOOD MAP
SUBWAY & BUS MAP
NEIGHBORHOOD CHARACTER
Prospect Park South is a neighborhood in the New York City borough of Brooklyn. It is bordered by Prospect Park and the Prospect Park Parade Ground to the north, Ocean Avenue and the BMT Brighton Line subway tracks to the east, Beverley Road to the south, and Coney Island Avenue to the west.[2] Within the neighborhood, and comprising most of its area, is the Prospect Park South Historic District, designated by the New York City Landmarks Preserva:on Commission in 1979[3] and listed on the Na:onal Register of Historic Places in 1983.[1] The historic district is bounded by Church Avenue to the north, the BMT Brighton Line (B and Q trains) of the New York City Subway to the east, Beverley Road to the south, and between Straford Road and Coney Island Avenue to the west.[4] Prospect Park South, along with Flatbush and other neighborhoods within Flatbush, is policed by the 70th Precinct of the New York City Police Department.[5]
BROKER OPINION OF VALUE
Comparable Proper:es: 1. 88 East 18th St. Brooklyn, NY 11216 2. 10 Westminster Rd. Brooklyn, NY 11216
BROKER OPINION OF VALUE
BROKER OPINION OF VALUE
BROKER OPINION OF VALUE
15 STRATFORD RD BROOKLYN, NY 11216
Income & Expense Statement
Annual Income
Year: 2016
Year: 2017
Year: 2018 (projected)
Gross Rent
$234,000.00
$272,000.00
$283,000.00
Other Income (Parking, laundry, etc.)
$21,000.00
$24,000.00
$23,000.00
Effec:ve Gross Income (5% vacancy rate)
$242,250.00
$281,200.00
$290,700.00
Annual Opera:ng Income
$242,250.00
$281,200.00
$290,700.00
Real Estate Taxes
$40,412.00
$44,300.00
$47,650.00
Management (3%)
$7,267.50
$8,436.00
$8,721.00
Water & Sewer
$5,000.00
$5,000.00
$5,500.00
U:li:es
$15,000.00
$16,000.00
$17,000.00
Repair & Maintenance
$10,500.00
$10,500.00
$10,500.00
Insurance
$6,000.00
$6,000.00
$6,000.00
Legal/Accoun:ng
$5,000.00
$5,000.00
$5,000.00
Total Opera:ng Expenses
$89,179.50
$95,236.00
$100,371.00
Net Opera:ng Income
$153,070.50
$185,964.00
$190,329.00
Expense Reimbursement
Other: (Please List)
BROKER OPINION OF VALUE
Cap Rate Analysis
N.O.I
$185,964.00 Evalua>on 6% Cap
$2,551,175.00
5% Cap
$3,061,410.00
4% Cap
$3,826,762.50
3% Cap
$5,102,350.00
BROKER OPINION OF VALUE
July 13, 2018 15 Straford Rd LLC Oral Rowe 15 Straford Rd Brooklyn, NY 11216 Re: 15 Straford Rd (herein "Property") Dear Mr. Rowe, You have requested that Elite Connect Real Estate provide you with our opinion concerning the appropriate asking price for the Property for your internal purposes only. It is understood that this opinion will be one of several factors which you will consider in arriving at your asking price. We have concluded that it is our es:mate that the Property’s concluded value at this :me should be $4,000,000. THIS IS A BROKER OPINION OF VALUE OR A COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. In making any decision that relies upon EC’s work you should know that EC has not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Prac:ce of the Appraisal Founda:on. This opinion is based upon EC’s general knowledge of the marketplace as real estate brokers and should not be relied upon as a real estate appraisal prepared by professional appraisers. This opinion is intended solely for your internal use. It is understood that you will not disclose this lerer or the source of this opinion to any other party without our prior wriren consent. This opinion cannot serve as the basis for providing financing or a mortgage loan. Very truly yours, Vladi Gold Co-Founder & President of Sales Elite Connect Real Estate 2811 Ave U. Brooklyn, NY 11229
ABOUT US
Who We Are Many real estate companies will line up to list your property, but only one is going to get it sold for topdollar – Elite Connect Real Estate! Through our trademarked Centralized Organic Bidding System we have not only created record sales volume but have been selling homes for above market value at a record sales price all over Brooklyn! Mission Statement Our mission is to upgrade the lives of our clients by fostering unique, inspiring experiences of a lifetime in real estate and beyond. By tapping into elements of lifestyle and aspiration that elude our conventional counterparts, Elite Connect’s dedicated Upgrade Specialists are prepared to upgrade your life. Vision Statement Elite Connect does not simply help people buy and sell houses. Our vision, powered by pure tenacity, perseverance and drive, is to create an experience of a lifetime for the clients we assist. By facilitating elegant an indulgent experiences, Elite Connect’s knowledgeable team has upgraded the lives of hundreds. We seek to continuously guide our clientele toward elevated, triumphant lifestyles.
ABOUT US
Elite Connect 2811 AVE U BROOKLYN, NY 11229 OFFICE: (718) 942-5952 CELL: (347) 301-5846 FAX: (718) 975-4680 EMAIL: GREG@ELITECONNECTRE.COM ELITECONNECTREALESTATE.COM