You are a developer find a location and provide the following:
A professional deck presentation Include property location, aerials, and nearby attractions.
Include a zoning map and fully describe the subject property and surrounding area.
Provide area demographics as well as FAR and provide BSF calculation
Include market pricing, provide capital stack diagram and explanation of its components
Include Pro Forma, P&L as well as Sources & Uses
Include a SWOT analysis
Include project timeline with Gannt chart
2. JJRDevelopment|December2020
KIPS BAY
PROJECT
TABLE OF CONTENTS
Project Location
Development
Subject Property Maps
Concept Description
Demographic Data
Socio-Economic Data
Zoning Analysis
Real Estate Market Analysis
Capital Stack Diagram
Financial Assumptions
Swot Analysis
COnstruction Schedule
02
3. 140 LEXINGTON AVE
NEW YORK, NY 10016
14,863 BSF Vacant Corner Development Site
With Approved Plans | For Sale KIPS BAY
Buildable SF Zoning (FAR) Frontage Location
14,863 C6-2A 124'
140 Lexington Avenue, a prime development site located on the
northwest corner of Lexington Avenue and East 29th Street in the
Kips Bay neighborhood of Manhattan. Currently, a vacant lot, the
flexible C6-2A zoning (R8A equivalent) provides the opportunity to
develop a unique property that is ideally situated close to Grand
Central Station, the Empire State Building, and the United Nations.
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5. Concept
Description
The C6-2A zoning (R8A equivalent) with a 6.00 commercial FAR and
6.02 residential FAR, allows for a total of 14,863 buildable square
feet, as-of-right, for a mixed-use commercial, residential, or hotel
project. Our development team will focus on the residential aspect of
the building.
140 Lexington Avenue benefits from a host of convenient
transportation options, including the 6 train at the 28th Street
Station, the N/R/W trains at the 23rd Street station, and the Metro-
North Railroad at Grand Central Terminal. The property is also within
short walking distance to Madison Square Park, Gramercy Park,
Union Square, and a wide variety of retail and dining options. Major
institutions in the area include Baruch College and the NYU Langone
Medical Center.
Featuring easy accessibility and a prime corner location with ample
frontage, 140 Lexington Avenue presents investors with a premier
Manhattan development opportunity. 05
JJRDevelopment|December2020
8. TOTAL POPULATION
This chart shows the total population in an area, compared with other
geographic. Data Source: U.S. Census American Community Survey via
Esri, 2019. Udate Frequency: Annually
2019 2020 (Projected)
POPULATION DENSITY
THis chart shows the number of people per sqyuare mile in an area,
compared with other geographies. Data Source: U.S. Census American
Community Survey vis Esri, 2019 Update Frequency: Annually
2019 2024 (Projected)
TOTAL DAYTIME POPULATION
This chart shows the number of people who are present in an area during
normal business hours, including workers, and compares that population
to other geographies. Daytime population is in contrast to the "resident"
population present during evening and nighttime hours. Data Source:
U.S. Census American Community Survey via Esri, 2019 Update
Frequency: Annually
2019 2024 (Projected).
DEMOGRAPHIC DATA 10016 08
9. Employment
Count by
Industry 10016
0 2,500 5,000 7,500 10,000
Professional, Scientific and Technical
Finance and Insurance
Health Care and Social Assistance
Information
Education
Retail Trade
Real Estate, Rental and Leasing
Other
Manufacturing
Arts, Entertainment and Recreation
Accommodation and Food
Public Administration
Wholesale Trade
Administrative Support and Waste Management
Transportation and Warehouse
Construction
Business Management
Utilities
Mining
Agriculture, Forestry, Fishing and hunting
This chart shows industries in an
area and the number of people
employed in each category.
Most employment ranges
from fields in finance
professional, scientific and
technical roles.
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10. Commuting 10016
This chart shows the types of
transportation that residents of
the area use for their commute,
by percentage of an are's
population.
48.4% walk while on the low
end 0.1% utilize automobiles.
Update Frequency: Annually.
0% 10% 20% 30% 40% 50%
Walk
Public Transit
Subway/EI
Bus
Word at Home
Taxi
Drive Alone
Train
Carpool
Bicycle
Other
Ferry
Streetcar/Trolley
Motorcycle
JJRDevelopment|December2020 10
11. Zoning Analysis
ZONE
C62A, R8A residential equivalent
Tax Map: 24.69' x 100'
Lot Area: 2,469 SQ FT
Community Board: 5 Manhattan
ZONING REGULATIONS
C62A. FAR = 6.0
R8A residential Equivalent FAR = 6.02
MAX FLOOR AREA
R8A: 2,469 sf x 6.02 = 14,863 Square feet
C62A: 2,469 sf x 6.00 = 14,814 Square feet
RESIDENTIAL
R8A: 2,469 x 80% = 1,975.2 Square feet
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12. 10016: MEDIAN
ESTIMATED HOME VALUE
Home Value Comparison.
This chart displays property estimates for the area and
a subject property, where one has been selected.
Estimated home values are generated by a valuation
model and are not formal appraisals.
The median home value in 10016 is $1,141,000
Update Frequency: Monthly
$0 $250,000 $500,000 $750,000 $1,000,000$1,250,000
10016
New York County
New York
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13. Median Listing Price
10016
This chart displays the median listing price
for homes in this area, the county and the
state.
Data Source: On- and off-market listings
sources 10016; $1,375,000
Update Frequency: Monthly
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
10016
New York County
New York
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JJRDevelopment|December2020
14. SENIOR DEBT-JP MORGAN CHASE
Senior debt is most associated with a bank loan and it’s often the
primary source of capital in the capital stack. Chase makes up the
largest portion of the financing, which is 60% of the purchase
price, and the holder is first in line to receive periodic debt service
payments.
COMMON EQUITY-GENERAL
PARTNERS
As part of their agreement to finance a project, a lender will require
that the Borrower (or General Partners) invest their own money to
ensure they have a vested interest in the success of the project.
These funds represent the common equity portion of the capital
stack and are last in line to be repaid should the deal go bad. A
common equity investment is typically unsecured.
Capital Stack
Diagram
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