15 Locations

Incredible Scale In Unmatched Location: Opportunity to build significant scale in NYC’s most dynamic submarket

85% Free Market Income: $2.5M of the total $2.9M current gross income can be attributed to free-market units

Upside In Rents: The portfolio’s current rent roll can be improved by roughly 7-10% attributable to growth in the local rental market

Mostly Renovated: 70% of the portfolio has been meticulously renovated, with high-end finishes, basement duplexes, etc

Separate Utilities: 65 of 90 units have separate utilities, where tenants are responsible for their own heat and hot water

Significant Light & Air: 10 of 14 buildings have large air shafts, providing ample light and air for proper apartment layouts

Cohesive & Efficient: 8 of 14 buildings are within 1/3 mile of one another and all are within 2.5 miles, translating to significant efficiencies in management

Tax Protected: All properties are tax class 2A or 2B, limiting real estate tax increases to a max of 8% per year and 30% over five years

Transit Oriented: All properties are within 3-4 blocks of an MTA subway station, with the majority within easy access to the desirable L and M train lines