413-423 Avenue C

Value-Add Opportunity

• 20 Residential Units
• 3 Commercial Units
•22/23 Free Market Units
• 6.97% Cap Rate
• 28% Upside

Building Highlights

• 23 Total Units
• ±7,500 SF of Commercial Space
• Long term lease with Laundromat
• 22 Space Parking Lot
• 4 Storage Units at 423 Avenue C
• 9 Renovated Units
• New Windows in Renovated Units
• Cameras throughout the building
• Sprinklers throughout the building
• Separately Metered
• Tenants pay cooking gas, electric heat and hot water
• Landlord pays water/sewer and common area electric

Convenient Transportation

• The buildings are approximately a 10-minute walk to the 22nd Street light rail stop which provides a 23-minute trip to Manhattan via the PATH Train.