Real state:
I need the last 3
460 Columbus Avenue, New York, NY 10024 Bridge Property Advisors has been hired exclusively to market for sale 460 Columbus Avenue, a four story moved use building on the comer of West 82nd Street in the Upper West Sides Central Park West Historic District The 4.625 square foot building consists of a religious facility on the ground floor and three apartments The property will be delivered vacant, allowing for immediate repositioning of the ground floor space to capitalize on Columbus Avenue's strong retailrents and even further upside by renovating the residential units. There is also 5.000 square feet of unused air rights on the property Located in one of the most affluent and culturally rich neighborhoods of New York City, 460 Columbus Avenue is one block away from Central Park and within walking distance of several iconic cultural institutions, including the American Museum of Natural History, New York Historical Society Museum Children's Museum of Manhattar and Beacon Theater Property Details: Cross Streets: Comer of W. 82nd & Columbus Street Block & Lot: 01213_0029 Stories: 4 Lot Dimensions: 26 x 50 Building SqFt: 4,625 Zoning: R7 with Commercial Overlay of C1-8A FAR: 4.8 for Wide Street / 2.0 Commercial Overlay 31) What is the total lot size: a) 1,450 SqFt b) 1,213 SqFt c) 1,300 Sqft d) 4,625 32) What is the total buildable SqFt: a) 6,240 b) 6,022 C) 5,822 d) 7,013 31) How much Air Rights in SqFt are available to use or sell to a neighbor: a) 1,615 b) subject to DOB & Cofoc) 4,625 d) 1,315 32) Assume active tenants are in place on floors 2 thru 4 and we convert the entire building to residential space. If we can get a blended rentable rate of $50/SqFt, and expenses are expected to be 40% of Gross Rent Roll , what is the valuation of the building using a 5 cap rate? Select the best approximate value: a) $2.06 million b) $2.36 million c) $2.96 million d) $3.9 million 33) Same details as in Question 32, except our investment team decides we are willing to buy this at a 4.5 cap instead. What will be our new our purchase price? a) S2.6m b) S2.3m a) $3.0m a) $3.6m 34) Assuming we own the property, and we want to lease out the ground floor to a rental tenant at $95/SqFt. How much would that generate for us monthly in rental income? a) S123,500 b) S10,291 a) $187k a) $13,000 460 Columbus Avenue, New York, NY 10024 Bridge Property Advisors has been hired exclusively to market for sale 460 Columbus Avenue, a four story moved use building on the comer of West 82nd Street in the Upper West Sides Central Park West Historic District The 4.625 square foot building consists of a religious facility on the ground floor and three apartments The property will be delivered vacant, allowing for immediate repositioning of the ground floor space to capitalize on Columbus Avenue's strong retailrents and even further upside by renovating the residential units. There is also 5.000 square feet of unused air rights on the property Located in one of the most affluent and culturally rich neighborhoods of New York City, 460 Columbus Avenue is one block away from Central Park and within walking distance of several iconic cultural institutions, including the American Museum of Natural History, New York Historical Society Museum Children's Museum of Manhattar and Beacon Theater Property Details: Cross Streets: Comer of W. 82nd & Columbus Street Block & Lot: 01213_0029 Stories: 4 Lot Dimensions: 26 x 50 Building SqFt: 4,625 Zoning: R7 with Commercial Overlay of C1-8A FAR: 4.8 for Wide Street / 2.0 Commercial Overlay 31) What is the total lot size: a) 1,450 SqFt b) 1,213 SqFt c) 1,300 Sqft d) 4,625 32) What is the total buildable SqFt: a) 6,240 b) 6,022 C) 5,822 d) 7,013 31) How much Air Rights in SqFt are available to use or sell to a neighbor: a) 1,615 b) subject to DOB & Cofoc) 4,625 d) 1,315 32) Assume active tenants are in place on floors 2 thru 4 and we convert the entire building to residential space. If we can get a blended rentable rate of $50/SqFt, and expenses are expected to be 40% of Gross Rent Roll , what is the valuation of the building using a 5 cap rate? Select the best approximate value: a) $2.06 million b) $2.36 million c) $2.96 million d) $3.9 million 33) Same details as in Question 32, except our investment team decides we are willing to buy this at a 4.5 cap instead. What will be our new our purchase price? a) S2.6m b) S2.3m a) $3.0m a) $3.6m 34) Assuming we own the property, and we want to lease out the ground floor to a rental tenant at $95/SqFt. How much would that generate for us monthly in rental income? a) S123,500 b) S10,291 a) $187k a) $13,000
