Bama's List

For more information on this exclusive offering please e-mail for a full marketing book.

205, 223, 265 Washington Avenue & 40 Stamford Place, Bridgeport, CT 06604 : 58 miles from Midtown Manhattan

Ø  4 building Package; 3 Contiguous Elevator, 1 W/U.

Ø  164 Units : 116,000 SF

At an ask of $4,975,000, the metrics (RR including vacancy projections) are:

Ø  $43 / SF    •    3.73 x Rent Roll    •    12.2 Cap Rate

When the building is fully stabilized (market rent with 8% vacancy):

Ø  3.25 x Rent Roll    •    16.1 Cap Rate

Gregory Corbin

Director

Besen & Associates

Direct: 646.424.5077

Cell: 917.406.0406

Fax: 212.859.7372

gcorbin@besenassociates.com

www.besenassociates.com

Dear Investors & Friends – please let me know if you are interested in the following:

For Sale:  304 West 151st Street, New York, NY 10037

6-story walkup apartment building with 25 units.  16,158 Sq. Ft.

• Gross Rent Multiple: 8
• Cap Rate as is: 6.8
• Cap rate at market rent: 11.3
• Price Per Unit: $103,000
• Price Per Sq. Ft. $159
• Two 1-bdrms, Twelve 2-bdrms, Eleven 3 Bdrms.

Sale Price: $2,575,000

E-mail or call for Full Marketing Book.

Please find 4 new exclusive listings below.  Can be sold individually or as a package.  To receive full marketing books, e-mail gcorbin@besenassociates.com

101 West 140th Street, New York, NY:

7 Story Elevator Building with 53 residential units, 5 stores, and cell tower.

New High-End Condo Renovations.

Price: $16,500,000.

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117 West 142nd Street, New York, NY:

6 Story Walk-up Building with 25 Residential Units.

Gut Renovated with top of the line condo finishes.

Price: $5,500,000.

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Upper Manhattan Condo Conversion

Price: $21,000,000.  Call for details.

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318-320 East 112th Street, New York, NY:

20,000 Buildable Square Foot Development site.

Approved plans and permits for a 26 unit, 8-story, luxury, elevator building.

The project is eligible to qualify for a 421-A tax abatement program.

Price: $1,575,000   ($79 / BSF)

Dear Investors & Friends, please review the following:

Walgreens For Sale : New Construction

4401 White Plains Road, Bronx NY 10470

• Project slated for completion March 1, 2011
• Delivered with signed NNN Walgreens lease for $625,000 / year. 75 years, with a 25 year primary term and 10 5-year options with termination clause.
• 14,500 SF with parking behind. 
• Directly in front of Nereid Avenue express subway and bus station

Price:              $9,615,000

Dear Investors & Friends,

Please review the following exclusive offering:

318 and 320 East 112^th Street (Btwn. 1^st and 2^nd Aves.)

20,000 Buildable Square feet with approved plans and permits for a 26 unit, 8-story, luxury elevator building.

The site has a 50′ x 100.92′ footprint that has been cleared with a footing in the ground to make the project eligible to qualify for a 421-A tax abatement program. The lot is adjacent to a condominium building and there are two other condominium buildings behind the lot.

Motivated seller wants to close quickly.

Price: $1,750,000 ($88 / BSF)

Feel free to e-mail or call to receive the complete marketing book.

This offering is quite different than usual, but presents a unique opportunity for the right investor/operator. We were retained to sell the business of an upscale steak and seafood restaurant in addition to the adjoining valet parking (the largest in the area). It is currently owned by an absentee investor and offers great upside potential.  He is motivated and has priced this to sell at $795,000 because a contract needs to be signed within the next month.

The restaurant, Cugini, is located on the highest grossing block of the main strip of trendy Atlantic Avenue in Delray Beach (Palm Beach County) Florida. The area has become the fastest growing nightlife and commercial area in South Florida. It has been dubbed by the media as the “hottest and sexiest” up-and-coming part of the state.

If this is not for you, please forward the e-mail to any restaurant / bar / lounge owners or a potential investor.

*** If you are interested in other real estate opportunities in the South Florida Area (specifically Miami, Ft. Lauderdale) – please send me an e-mail so I can contact you ***

E mail me or click on the link below to get the full marketing book / offering plans.

Cugini Grille & Martini Bar: www.cuginigrilleandmartinibar.com

Gregory Corbin

Director

Besen & Associates, Inc.

381 Park Avenue South, 15th Floor

New York, NY 10016

646.424.5077 Direct

917.406.0406 Cell

212.859.7372 Fax

gcorbin@besenassociates.com

www.besenassociates.com

A good friend of mine is looking for real estate buying opportunities. Please read below:

Alla,

As you probably know, there is a shortage of properties on the market — our listings are selling more quickly and our transaction volume has doubled since last year.

We have a large number of aggressive buyers with cash on the sideline, but not enough property to offer them.

Please let me know if you own, or know of anything for sale in the following specific categories (of course Multi-Family and Retail are ALWAYS welcome and warrant top dollar):

• **  SROs / adult & nursing homes / homeless shelters – preferably existing buildings, possibly zoned land. **

• Parking garages / self storage facilities
• A restaurant with a very large outdoor space to build a beer garden.  Prime sections of Manhattan or Brooklyn.
• Warehouses in Queens – minimum of 30,000 sf.  Ideally Long Island City or Maspeth
• ** Failed new construction / busted condo deals.  Prime areas are best, will consider secondary even tertiary areas.
• HUD buildings
• Class A office buildings in NY, DC, or Boston.  Preferably tenanted at least 80%.  Ideal is 100,000 SF and up but will look at all sizes.
• Worn down buildings in Manhattan – especially upper Manhattan – in need of serious rehab.   The worse condition the better – can be shells.  Larger buildings are best but will also look at lofts / townhouses.

I look forward to hearing from you.

Best regards,

Gregory Corbin

Director

Besen & Associates, Inc.

381 Park Avenue South, 15th Floor

New York, NY 10016

646.424.5077 Direct

917.406.0406 Cell

212.859.7372 Fax

gcorbin@besenassociates.com

www.besenassociates.com

New to market Mixed-Use Buildings in Greenpoint: www.290292nassau.com

290-292 Nassau Avenue, Brooklyn NY

Major high-end renovations done

Price: $2,125,000

Please visit the building website at: www.290292nassau.com for photos, floor plans, income & expenses, rent roll, and more details.

Best regards,

Greg Corbin

Director

Besen & Associates, Inc.

381 Park Avenue South, 15th Floor

New York, NY 10016

646.424.5077 Direct

917.406.0406 Cell

212.859.7372 Fax

gcorbin@besenassociates.com

www.besenassociates.com

Looking for new office space in Manhattan; 4-5 people to share an already built out office. Optimal situation would be a company who has recently downsized (has a couple of empty offices and/or cubicles; board room a must).
Please fill out the form below for contact information: