Value-Add Opportunity

• 6 Units
• Exempt from rent control
• 20% Upside
• Average Rents $2,003, with Market Rents $2,400+
• 6.48% Cap Rate

Building Highlights

• 100% Free Market (rent control exempt)
• New Boilers & Heaters – 2024
• Recoated Roof in 2024
• Laundry in Basement
• 7 Storage Units
• Security Cameras throughout Building
• All Separately Metered
• Tenant pays for heat, hot water, water, cooking gas & electric
• Landlord pays for common area electric & sewer
• Prime Location in McGinley Square

Convenient Transportation

• The building is approximately a 4-minute walk to Bergen Ave 70’n of Montgomery St bus stop which provides a total 30 minute trip to Manhattan via the PATH Train.