1 5 0 OCE A N P A R KWAY, U N I T # 1 A K A 2 5 1 E A S T 5 TH S T R E E T

B R OOK LYN, N Y 1 1 2 1 8 I NVESTMENT OPPORTUNI TY

Asking $6,465,000 REDUCED PRICE: $6,000,000 NOI: $387,368 6.45% CAP Rate 100% Occupied NNN Community Facility Condo

Please Contact Exclusive Advisor: Michelle Abramov at [email protected] or 646-767-6975

Confidentiality Disclaimer 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 Asset Commercial Realty Group, LLC (“AssetCRG”) and should not be made available to any other person or entity without the written consent of AssetCRG. 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. AssetCRG 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, AssetCRG has not verified, and will not verify, any of the information contained herein, nor has AssetCRG 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.

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Investment Highlights Features ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

Property is 100% Occupied Block-thru property extending from East 5th Street through Ocean Parkway giving double frontage and entrance ability Mix of Quality Medical Offices and Professional Offices on and below grade Total Square feet of 9,817 with roughly 1,500 square feet being on ground floor 6 On-site parking spots on a 1,170 SF lot size New development completed in 2002 Most of the tenants have annual increases Minimal Management NYC Retail Asset, NNN leases that cover all of the property expenses Each tenant is responsible for their own maintenance and repairs The Property is Surrounded by Local and National Retailers which includes AutoZone, Dunkin Donuts, FedEx, U.S. Post Office, T-Mobile, Rite Aid, Burger King and many more. The property is surrounded by schools and medical centers such as: PS 130 The Parkside School, Brooklyn Prospect Charter School, The Brooklyn Hospital Center, Phila Yeshiva, PS 230 and other facilities One block from the Brooklyn Public Library and several public parks such as the Prospect Park

Address

150 Ocean Parkway, Brooklyn, NY

Asset Type

Commercial

Number of Units

10

Number of Parking Units

6

Lot Size SF

11,500

Lot Dimensions

50' X 250'

Building SF

9,817

Building Dimensions

50' x 90'

Number of Stories

2

Zoning

R7A/R5

FAR as Built

3.1

1st Mortgage

Free and Clear

Year Built

2002

Transportation • Property is strategically located two blocks away from the Fort Hamilton Parkway Subway Stop which services the F & G trains and surrounds multiple local and express buses such as the BM3, BM4, and B35 • Easy access to the Prospect Expressway and Ocean Parkway highways 150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Offering Summary Price Current CAP

$ 6,000,000.00 6.45%

Net Leasable

9,650

Gross Leasable Percent Occupied

9,817 100%

Annualized Operating Data

Scheduled Income Recapture Taxes Recapture Utilities Recapture CAM Charges

$ $ $

51,292.00 12,912.00 45,744.00

Gross Operating Income

$ 500,140.00

Less Expenses

$ 112,772.00

Net Operating Income

$ 387,368.00

Annualized Expenses Taxes Insurance CAM Water & Sewer Fuel (#2 Oil) Utilties Repairs & Misc.

Total Expenses

150 Ocean Parkway Brooklyn, NY 11218

$ 390,192.00

$ $ $

51,292.00 4,000.00 45,744.00 Part of CAM Part of CAM $ 11,736.00 Tenants Resp.

$ 112,772.00

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Tenant Rent Roll Rent Roll Summary Tenant Name

LXP

S.F.

CIDNY (Licensed Home Health Services Agency)

12/1/20118/31/2021

2,000

SDCNY (Adult Day Care Center)

2/1/20161/31/2025

5,000

Base Monthly Total Monthly Rent Gross Annual Rent Increases % of Total Rent (including reimb.) Rent $ 9,586 $ 12,229 $ 115,032 5% Annual 20.73% • • • • • • • $

12,750

$

16,900

$

153,000

2% Annual

51.81%

• •

Escalations / Options / Comments 30 year old Non-Profit Agency Did their own build-out on space and spent about $500k Their License is attached to the property which makes tough to relocate and property invaluable to tenant Tenant expanded in 2013 to take three additional office spaces Personal Guarantee from Tenant Pays Monthly: 60% of the Utilities ($587), 30% Of the Property Taxes ($1,282), 30% of the CAM ($1,143) Two-5 year options

• •

SDCNY has a chain of other locations and other affiliated medical practices in NY/NJ Tenant bought the company from previous tenant and expanded the business and extended a second office Their License is attached to the property which makes tough to relocate and property invaluable to tenant Pays Monthly: 50% of the Utilities ($489); 50% Of the Property Taxes ($2,137), 50% of the CAM ($1,906) Two-5 year options

Doctor’s Office

12/1/2012-MTM

150

$

667

$

667

$

8,004

5% Annual

1.55%

•

Lease can be delivered if buyer opts

Doctor’s Office

12/1/2012-MTM

150

$

882

$

882

$

10,584

5% Annual

1.55%

•

Lease can be delivered if buyer opts

DDL (Packaging Company)

2/1/20161/31/2019

250

$

1,050

$

1,050

$

12,600

2% Annual

2.59%

• •

Uses Storage space as well (included in the monthly rent) One year option

AAA PCA (Personal Care/Homecare)

12/1/2016-MTM

150

$

1,000

$

1,000

$

12,000

--

1.55%

• •

Tenant bought the company from previous tenant and expanded the business Experienced operator who owns a $40MM homecare practice in Westchester

H.C. (Homecare)

1/1/2017-MTM

150

$

500

$

500

$

6,000

--

1.55%

Tranq. (Homecare) GDC

5/1/2017-MTM

150

$

550

$

550

$

6,600

--

1.55%

12/1/2016-MTM

150

$

1,000

$

1,000

$

12,000

3% Annual

1.55%

•

Tenant bought the company from previous tenant and expanded the business and same ownership as SDCNY tenants

11/1/2010-New Lease

1,500

$

3,081

$

4,500

$

36,972

3% Annual

15.54%

Law Firm

• •

Active Law Firm Pays Monthly: 20% Of the Property Taxes ($855), Pays 20% of the CAM ($763)

Six (6) On-Site Parking Spaces

--

--

$

1,450

$

1,450

$

17,400

--

0.00%

Total 150 Ocean Parkway Brooklyn, NY 11218

9,650 $

32,516 $

40,728 $

390,192

100.00% Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Map

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Retail Map

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Pictures

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Additional Pictures

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Floor Plans

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Demographics

150 Ocean Parkway Brooklyn, NY 11218

Population

1-mi.

3-mi.

5-mi.

2015 Total Population

143,682

1,173,381

2,437,310

2015 Households

44,174

417,286

893,185

2015 Male Population

72,148

566,370

1,158,035

2015 Female Population

71,534

607,011

1,279,275

Housing

1-mi.

3-mi.

5-mi.

2015 Housing Units

45,208

418,162

865,526

2015 Occupied Housing Units

43,320

400,184

819,112

2015 Owner Occupied Housing Units

10,897

105,833

225,112

2015 Renter Occupied Housing Units

32,423

294,351

594,000

Income

1-mi.

3-mi.

5-mi.

2015 Household Income: Median

$43,967

$52,109

$48,875

2015 Household Income: Average

$67,208

$77,363

$74,379

2015 Per Capita Income

$20,821

$27,805

$27,672

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company

Contact For More Information PLEASE CONTACT EXCLUSIVE ADVISOR: Michelle Abramov Managing Principal [email protected] Office: (646) 767-6975 Cell: (718) 607-1920

Broker Cooperation is Welcome!

150 Ocean Parkway Brooklyn, NY 11218

Presented by Asset Commercial Realty, LLC A Full Service Commercial Real Estate Company