Bushwick 100% Free-Market | Tax Class Protected

100% Free-Market Luxury: A rare, fully deregulated asset providing immediate flexibility for rent increases while exempting the property from restrictive rent-stabilization laws.

Protected Tax Class 2C: Benefits from a highly coveted tax designation that limits annual assessment increases, providing predictable long-term carry costs and superior downside protection.

Significant Mark-to-Market Opportunity: Substantial value-add potential with in-place rents currently trailing the submarket, providing a clear path to yield expansion through strategic renovations.

Core Bushwick Location: Situated in the heart of Brooklyn’s most vibrant cultural hub, offering tenants seamless access to premier dining, nightlife, and the L and M subway lines.

Massive Equity Arbitrage: Allows investors to acquire the asset at $337K per unit—a 53% discount to Bushwick’s average condo pricing of $710K per unit ($897/SF). This attractive basis offers entry well below replacement cost, with significant upside through future condo sellout or appreciation.