VALUE-ADD OPPORTUNITY

• 11 Units
• 59% Upside Potential
• 5.79% Cap Rate
• $154K Price Per Unit
• Average Rent of $1,246 vs. Market Rent of $1,977 (720+ difference on turnover)

BUILDING HIGHLIGHTS

• Brick Building
• Good Unit Mix of One & Two Bedrooms
• 4 Units have Central AC/Heat
• Tenant Pays for Cooking Gas & Electric
• Landlord Covers Water/Sewer, Heat, Hot Water, and Common Area Electric

CONVENIENT TRANSPORTATION

• The building is approximately a 4-minute walk from the Boulevard East at 64th St Bus Stop, offering a 20-minute trip into Midtown Manhattan via a quick transfer to a New York local or express bus at 30th St. at Pleasant Ave.