INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY

• 10 Units
• 18% Upside
• 6.17% Cap Rate
• Average Rent of $1,786 vs Market Rent of $2,110 ($324+ difference on turnover)

BUILDING HIGHLIGHTS

• 8 Residential Units
• 2 Commercial Units
• Two Duplexes – three and four bedroom units
• Strong Unit Mix; One-, Two-, Three-, and Four- Bedroom Apartments
• Separate hot water heaters
• Tenants Pay for Hot Water, Cooking Gas & Electric
• Landlord Covers Heat, Water/Sewer and Common Area Electric

CONVENIENT TRANSPORTATION

• The building is a 4-minute walk from the JFK Blvd & 16th St. bus stop, offering direct access to the Journal Square PATH train and a 20-minute ride to Midtown Manhattan. It’s also an 11-minute walk to the 22nd St. Light Rail, conveniently connecting tenants to the rest of Hudson County and NYC