Value-Add Opportunity

• 48 Units
• 44% Upside
• 9.37% Pro Forma Cap Rate

Building Highlights

• 2 Brick Buildings
• Renovated Units
• Roof Recently Recoated
• Strong unit mix of studios, one-, two-, three-, & four bedrooms
• New Water Heater & Boiler Replaced in 2026 (154 Belmont)
• Separately metered units
• Tenants pay for cooking gas & electric
• Landlord pays for heat, hot water, water/sewer and common area electric
• Prime Location in McGinley Square

Convenient Transportation

• The building is approximately an 3-minute walk to the JFK Blvd at Kensington Ave bus stop which provides a 20 minute ride to Manhattan via the PATH train.