The document describes a real estate development project located at 545-547 St. Marks Avenue in the Crown Heights neighborhood of Brooklyn, New York. The project involves demolishing an existing building and constructing two new buildings with 12 luxury condominium units total. Project details include the expected equity to be raised of $1.6 million from investors and a projected return on investment of 47.13% over a 24 month period. The property is described as being in a desirable up-and-coming area with comparable property sales suggesting the units could sell for $800 per square foot or more.
berisi tentang pengertian manajemen. slide ini akan membantu anda mengenal lebih dekat tentang manajemen karena slide ini dibuat dengan gaya era modern meski butuh sedikit penyesuaian. setiap slide presentasinya di bantu oleh pakar manajemen dan ekonomi sehingga membuat slide ini mudah dipahami.
Željko je razvijalec pri podjetju INFINUM, kjer sodeluje pri razvoju različnih Android aplikacij. Na predavanju je detaljno predstavil kaj nam novega prinaša Android 5.0 kot so Material design, ART runtime, MultiDexSupport in drugo ter odgovoril na vprašanje, zakaj bo Android tudi v prihodnosti najbolj zastopljen operacijski sistem na področju mobilnih tehnologij.
berisi tentang pengertian manajemen. slide ini akan membantu anda mengenal lebih dekat tentang manajemen karena slide ini dibuat dengan gaya era modern meski butuh sedikit penyesuaian. setiap slide presentasinya di bantu oleh pakar manajemen dan ekonomi sehingga membuat slide ini mudah dipahami.
Željko je razvijalec pri podjetju INFINUM, kjer sodeluje pri razvoju različnih Android aplikacij. Na predavanju je detaljno predstavil kaj nam novega prinaša Android 5.0 kot so Material design, ART runtime, MultiDexSupport in drugo ter odgovoril na vprašanje, zakaj bo Android tudi v prihodnosti najbolj zastopljen operacijski sistem na področju mobilnih tehnologij.
Lion & Foster International's San Francisco Office is offering a real estate investment opportunity for accredited investors. This investment offers 26+% ROI, with a minimum $100K investment. This presentation is a summary of the investment, but is not intended as a solicitation, which can only be made by the Private Placement Memorandum, which can be obtained by completing an inquiry form at this link: http://tinyurl.com/kazeywf
Marcus & Millichap is pleased to present the opportunity to acquire a brand new 4 Wheel Parts located in Glendale, Arizona. The building will be completely remodeled in 2017. The offering is a prime location serving an affluent and growing customer base within one of Phoenix’s most highly coveted submarkets.
The subject is ideally located at the northeast, hard signalized corner of North 63rd Avenue and West Bell Road, exposing the property to 46,300 cars per day. Bell Road is one of Glendale’s prime east/west com-mercial corridors. 4 Wheel Parts is located in the center of shopping and restaurant activity in Glendale, Arizona. The property is within close proximity to numerous shopping centers including the Arrowhead Towne Center and Talavi Towne Center; 4 Wheels Parts is within minutes from multiple national credit tenants: Goodwill, Pep Boys, Wells Fargo, The Home Depot, Macy’s, Olive Garden, and much more.
Home to a population of over 225,000 people, Glendale is the sixth largest city in Arizona and provides its residents the amenities of a metropolis while maintaining a suburban living environment. The city is only nine miles northwest of Phoenix, providing its residents substantial employment opportunities and additional metropolitan benefits. Glendale possesses a vibrant tourism marketplace, home to extensive antiquing and heritage attractions, as well as professional sporting attractions, such as the Arizona Car-dinals and Phoenix Coyotes. The city is well-supported by a rapidly growing healthcare sector, generating over 6,000 jobs to the residents of Glendale.
Lion & Foster International's San Francisco Office is offering a real estate investment opportunity for accredited investors. This investment offers 26+% ROI, with a minimum $100K investment. This presentation is a summary of the investment, but is not intended as a solicitation, which can only be made by the Private Placement Memorandum, which can be obtained by completing an inquiry form at this link: http://tinyurl.com/kazeywf
Marcus & Millichap is pleased to present the opportunity to acquire a brand new 4 Wheel Parts located in Glendale, Arizona. The building will be completely remodeled in 2017. The offering is a prime location serving an affluent and growing customer base within one of Phoenix’s most highly coveted submarkets.
The subject is ideally located at the northeast, hard signalized corner of North 63rd Avenue and West Bell Road, exposing the property to 46,300 cars per day. Bell Road is one of Glendale’s prime east/west com-mercial corridors. 4 Wheel Parts is located in the center of shopping and restaurant activity in Glendale, Arizona. The property is within close proximity to numerous shopping centers including the Arrowhead Towne Center and Talavi Towne Center; 4 Wheels Parts is within minutes from multiple national credit tenants: Goodwill, Pep Boys, Wells Fargo, The Home Depot, Macy’s, Olive Garden, and much more.
Home to a population of over 225,000 people, Glendale is the sixth largest city in Arizona and provides its residents the amenities of a metropolis while maintaining a suburban living environment. The city is only nine miles northwest of Phoenix, providing its residents substantial employment opportunities and additional metropolitan benefits. Glendale possesses a vibrant tourism marketplace, home to extensive antiquing and heritage attractions, as well as professional sporting attractions, such as the Arizona Car-dinals and Phoenix Coyotes. The city is well-supported by a rapidly growing healthcare sector, generating over 6,000 jobs to the residents of Glendale.
2. 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
PROJECT OVERVIEW
•Location: Crown Heights in Brooklyn is between Bedford Ave. and Franklin Ave. Known for its beautiful museums and botanical gardens, Crown Heights is considered by many to be the next Dumbo or Williamsburg.
•The Deal:
We plan to build 2 buildings with an elevator consisting of 6 units each. Both buildings will consist of 9,460 sellable sqft.
•Equity being raised from BHRE investors: $1,600,000
•Expected project duration: 24 months
•Investors projected nominal return on cash invested: 47.13%
3. 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
The Property
Existing Status
Address 545-547 St. Marks Avenue Crown Heights Brooklyn, New York Lot Lot dim: 34 X 128.5 Sqft. Lot Area: 4369 Sqft. Zoning: mixture of R6B and R7 Comment There is an existing building on one of the lots that will be demolished.
4. 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
The Property
Proposed Status
•Two buildings with six high end units each
• An elevator
•Cellars for the ground floor units
•Terraces for the units above ground Location in Very High Demand!
5. Crown Heights-
Crown Heights is a neighborhood in the central portion of the New York City borough of Brooklyn. The main thoroughfare through this neighborhood is Eastern Parkway, a tree-lined boulevard designed by Frederick Law Olmsted.
The property at 545-547 St. Marks is adjacent to Prospect Heights where prices are already past the $1000/SF
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
To view on Google maps
7. FINANCIALS
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
Investors Cash on Cash
IRR
* Profit Distribution Developer/Investor
%
$
SQFT
ROI Projection Type
תשואה לפרויקט
תשואה שנתית
צפויה
חלוקת רווח
* משקיע/יזם
$
SQFT
רמת תשואה צפויה
47.13%
23.56%
30 / 70
800
קונסרבטיבי
Business Plan
58.39%
29.19%
70 / 30
900
אופטימי
Optimistic
* Profit distribution changes apply to the delta / חלוקה הרווחים משתנה בהתאם למדרגות באופן יחסי * *ROI includes registration fee of 5% *התשואה מחושבת לאחר תשלום דמי רישום של 5% /
8. FINANCIALS – Sensitivity Analysis
IRR is attractive even in an extreme case of a 4 month delay and/or at a lower sale price
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY ROI202122232425262728ExtrnalInternal20.85%12.51%11.92%11.37%10.88%10.43%10.01%9.62%9.27%8.94%$140$70027.42%16.45%15.67%14.96%14.31%13.71%13.16%12.66%12.19%11.75%$145$72533.99%20.39%19.42%18.54%17.73%16.99%16.32%15.69%15.11%14.57%$150$75040.56%24.33%23.18%22.12%21.16%20.28%19.47%18.72%18.03%17.38%$155$77547.13%28.28%26.93%25.71%24.59%23.56%22.62%21.75%20.94%20.20%$160$80049.94%29.96%28.54%27.24%26.06%24.97%23.97%23.05%22.20%21.40%$165$82552.76%31.65%30.15%28.78%27.52%26.38%25.32%24.35%23.45%22.61%$170$85055.57%33.34%31.75%30.31%28.99%27.79%26.67%25.65%24.70%23.82%$175$87558.39%35.03%33.36%31.85%30.46%29.19%28.02%26.95%25.95%25.02%$180$900Project Duration (months)Price SqftEstimated Sensitivity Table - price and duration - stage 1 investors
9. 475 Sterling Pl # 4H
Sold: August 26, 2014
$873 / SQ.FT
658 Park Pl
Sold: October 6, 2014
$822 /SQ.FT
545-547 St. Marks Street Projected Sale Date: July 2016 B.P : 800 $/ SQ.FT
957 Pacific Street
Sold: September 5, 2014
$935 / SQ.FT
COMPARABLES
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
655 Franklin Ave.
Sold: November 6, 2014
$849 / SQ.FT
475 Sterling Pl #31 Sold: August 26, 2014 $889 / SQ.FT
10. Terms and Conditions:
Investors receive an annual preferred Cash on Cash return of 10%.
Registration fee is 5% of the investment.
Investments are in units of $50,000.
FINANCIALS T&C’s
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
11. BHRE Group specializes in prime location investments which produce attractive returns. We take an individualized approach when matching your investments with your financial requirements. We locate the most ideal opportunities to suit each investor’s unique profile. BHRE Group has exceeded the expectations of hundreds of satisfied investors. Our clients continuously return for additional investment opportunities and proudly recommend us to their friends and families. Our dedicated and professional team attends to every step of your investment process; from the initial purchase all the way to the deposit of your profits. Our comprehensive and strategic service is the key to the smoothest investment process possible for your financial success.
Join Us
Aaron Harow Aaron@bhregroup.com +972-54-3392418
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
12. BHRE Group LLC
www.bhregroup.com
Israel: HaHistadrut 26, Petach Tikva Office: 03-9096866 Tel/Fax Israel cell: 054-339-2418 USA: 244 5th Avenue Suite C66 New York, NY. Office: 361-723-0927 US cell: 310-600-1267
Disclaimer
This Offering Memorandum has been prepared by BHRE Group LLC regarding the purchase of the property described herein at 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
(the “Property”). The materials and information contained in this Offering Memorandum do not purport to be all- inclusive or to contain all of the information which prospective investors may need or desire. All materials have been developed by BHRE Group and other sources and are subject to variation and withdrawal.
No representation is made by BHRE Group as to the accuracy or completeness of the information contained herein and nothing contained herein is or shall be relief on as a promise or representation as to the future performance of the Property. Although the information contained herein is believed to be correct, BHRE Group and its respective principals and employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information.
Further, BHRE Group and its respective principals and employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the Property since the date of the preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. Additional information and an opportunity to inspect the Property will be made available upon request to interested and qualified investors.
BHRE GROUP LLC DISCLAIMER
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
14. PROJECTS IN PROCESS – BHRE GROUP LLC
357 Prospect Pl. Brooklyn, NY Closing Date: March 6, 2013 Project Cost: $2,624,612
449 Evergreen Ave. Brooklyn, NY Closing Date: June 5th, 2013 Project Cost: $839,080
237 Devoe St. Brooklyn, NY
Closing Date: October 23rd, 2013
Project Cost: $2,845,000
351 Prospect Pl. Brooklyn, NY Closing Date: April 28th, 2014 Project Cost: $3,505,034
438 Herkimer St. Brooklyn, NY
Closing Date: December 17th, 2013
Project Cost: $2,017,890
15. PROJECTS IN PROCESS – BHRE GROUP LLC
67 Jefferson Ave. Brooklyn, NY
Closing Date: April 9th, 2014
Project Cost: $1,940,000
310w 114th St. Morningside, NY Closing Date: January 23rd, 2014 Project Cost: $6,708,256
135 Bayard St. Brooklyn, NY Closing Date: August 22, 2014 Project Cost: $2,300,000
238 Richardson St. Brooklyn, NY
Closing Date: January 8th, 2014
Project Cost: $2,878,021
404 Grand St. Brooklyn, NY Closing Date: September 12, 2014 Project Cost: $3,280,918
16. PROJECTS IN PROCESS – BHRE GROUP LLC
55 Maspeth St. Brooklyn, NY
Closing Date: October 1st , 2014
Project Cost: $3,800,000
316 Carroll St. Brooklyn, NY
Closing Date: November 17th , 2014
Project Cost: $2,617,155
17. “The Real Deal” May 24, 2014 12:00PM
545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
In Brooklyn, the population has grown by 82,500, but it has gained just 5,300 units
NYC population boom overwhelms housing supply
18. Summary for Crown Heights The median sales price for homes in Crown Heights, Brooklyn for Aug 14 to Nov 14 was $756,643 based on 4 sales. Compared to the same period one year ago, the median sales price increased 23%, or $141,259, and the number of sales decreased 60%. Source: Trulia
Source: PriceWaterhouseCoopers – Emerging Trends 2014
New York City is the only major US location that has been an attractive investment prospect for 4 consecutive years
FUTURE– OUTLOOK
19. 2014 US Real Estate Activity
New York City (NYC) real estate improvement is substantially higher than all other major US cities
20. 545-547 ST. MARKS AVENUE, CROWN HEIGHTS, BROOKLY, NY
FINANCIALS - Breakdown
$1,600,275Projected$800Up Side$90024.55%$395,74510.52%$94,552Accumulated incomeROI for InvestorsYearly yield for InvestorsInvestors income before reg. feeRegistration feeROI after reg. feeYearly yield after reg. fee47.13% Investor Income Distribution - Stage 1Up Side23.56%29.19% $791,852$981,0435% 58.39% ROI and Yearly yield after registration feeTotal Investor's DistributionInvestor's Income$791,852ProjectedShare from Delta30.65% 49.48%61.30% 24.74% Share from profit$981,043
