2021 New Build: Cash-flowing new construction with little to no maintenance, priced below replacement cost.

Substantial Cashflow With Upside: The property is currently grossing $1,380,000+ per year, with additional upside via rising rents or through city, state, and federal housing programs.

421-A Tax Abatement: Real estate taxes are minimal and will remain so for the next 30+ years (abatement through 2058), helping ensure long-term financial performance.

Majority Free Market: 68% of the residential units are free market, with the remaining 32% subject to rent stabilization via 421-A abatement.

Path to Fully Free Market: Rent-stabilized units can be converted to free market with turnover following 421-A expiration.

Building Amenities: 32 of the 38 units benefit from private outdoor space, differentiating the units from competition and improving lease-up.

Additional Income: The property benefits from an additional revenue stream via the cell antenna on the rooftop.

Public Transportation: The 2 and 5 train lines are just two blocks away at Freeman Street, offering direct access to Midtown Manhattan within 35 minutes.