Please forward the following investment opportunities to anyone that you believe would have interest.
Thank you!
Steve

RETAIL

NASSAU COUNTY / 5 TOWNS SOUTH SHORE

10,560 SF (13) store strip center
100% leased / at LIRR
Gross Income: $415,000.

Expenses: $113,000.

Net Income: $ 302,000.

CAP: 6.29% Price $4.8 million

+ 4% Buyer Broker fee

HOTEL

Conn. Middletown vicinity (flag) 77 rms.
(59) operational 15 miles to Hartford / in proximity Wesleyan U/ Yale U / Trinity College
18 rooms in lower level need refurbishment ($50K to $70K) adjacent
“shovel ready” lot 1.9 acres with approval for 81 room Hilton Home2
or other flag or retail 2800 sf pad. 2018: NOI $300K 2019 7.0% cap (10mos.) $272K

7.6% cap Price $4.25M

Existing Flag: PIP $200,000. approx.

“shovel ready” lot 1.9 acres Price $1.75M

MULTI FAMILY

Brooklyn

Flatbush Midwood “Just Built” A+ location now being leased
64 Luxury apartments
+ 42 parking spaces / Projected Yearly rental income is $2,160,000

Parking income $140,000 Total gross Income: $2,300,000

Estimated expenses: $360,000 / Projected NOI: $1,940,000 / 5% cap

15 year tax abatement. Price: $40 MILLION

FLATBUSH / PROSPECT LEFFERTS MULTI-FAMILY OPPORTUNITY (6) unit building

rental upside. Lot: 4,575 sf over 3 stories. 2 units on each floor. (2) 1-bedroom units (4)

2-bedroom units. New gas boiler and water meters. Located on a block surrounded by new residential and commercial development. Will deliver building partially or fully vacant.

DHCR available upon request with Letter of Intent and Proof of Funds.
Located near Winthrop 2,5, and Q trains. 20 Minutes to Downtown Brooklyn, and Manhattan. Just 3 blocks to Prospect Park, Kings County Hospital, SUNY Downstate Medical Center, Just a few stops to the Barclays Center, Medgar Evers College, Brooklyn College, Brooklyn Museum PROFORMA LEGAL RENT $119,784 . TAXES (2019) $15,830 ZONING R7-1 FAR 3.44

Price $1.385 Million

Buyer Broker fee 4.0%

BEDFORD STUYVESANT renovated 5Family+store 2story (4) fully renovated 3 BR duplex townhouses, (1) 1BR apartment, and a corner store/office space. The units feature high ceilings, exposed brick walls, granite countertops, backyard, central HVAC, dishwasher, and located 3 blocks Ralph Ave C train, short walk to Interfaith Medical Center, 20 min. commute to downtown Brooklyn and Manhattan. Long Island Railroad at Nostrand Ave. AG s granted condo conversion approval (not yet filed). Opportunity to complete the conversion and sell units individually. 5,664 SF. LOT SIZE 50’ X 75’’ 3,750 SQFT
ESTIMATED CONDO SALES $4,300,000

Price $3.35 Million

Buyer Broker fee 4.0%

OFFICE:

PITTSBURGH, PA

2,336,272 sq. ft. 88% leased

1 million sf leased to credit tenant / lease expires March 2030

Major law firm leases 100,000 sf. / expires December 31, 2030

64 Floors

Elevators: 8 Passengers / 2 private / 4 freight

Current NOI $27,000,000 6.5% cap

Projected NOI 2020 $31,000,000 7.5% cap

Price $410 MILLION
+ Buyer Broker fee 2%

Steve Kirschner
Chief Operating Officer / Licensed Real Estate Broker
Income Real Estate Operations Network, LLC
d/b/a Principals Direct Group
Direct: 516-528-2288
uber “no pin” conference line: 888-601-8636
Email: SKirschner@IreonNetwork.com
www.IreonNetwork.com / www.principalsdirectgroup.com