Investment Highlights

Asset Overview:
75% Free Market, four-story apartment building featuring (6) free-market units, (1) rent-stabilized unit, and (1) rent-control unit

Free-Market Unit Mix:
(2) spacious two-bedroom duplex apartments, (2) two-bedroom apartments, and (2) three-bedroom apartments

Tax Class Protected:
Tax Class 2B designation, providing investors with limits on year-over-year tax increases.

Strong Cash Flow & Revenue Upside:
Strong in-place cash flow with ability to increase revenue for (6) free-market apartments through unit renovation.

Premier Transit Access:
Centrally located near the Clinton–Washington Ave, Nevins St, DeKalb Ave, and Lafayette Ave stations. Direct access to the A, C, B, D, G, N, Q, R, 2, 3, 4, and 5 subway lines, offering seamless connectivity across all five boroughs

High-Traffic Corridor:
Situated in the heart of Fort Greene, this prime Brooklyn corridor benefits from over 10,000 daily pedestrians, surrounded by Pratt Institute, Fort Greene Park, and a premier mix of national and local retail tenants