72 ARLINGTON AVE

INVESTMENT HIGHLIGHTS

VALUE-ADD OPPORTUNITY

• 7 Units
• 6.91% Cap Rate
• Average rents $2,643
• 7.35% Cash on Cash

BUILDING HIGHLIGHTS

• All oversized two & three bedroom apartments
• Loft style + exposed brick
• Building gut renovated with condo finishes
• Laundry in the basement
• Rooftop Terrace
• Split units (heat & AC) + on-demand hot water heaters for each unit
• Tenants pay for heat, hot water & electric
• Landlord pays for common area electric & water/sewer

CONVENIENT TRANSPORTATION

• The building is approximately a 3-minute walk to Ocean Ave At Wilkinson Ave Bus Stop which provides a 35-minute trip into Midtown Manhattan and ±2.4 miles to the Journal Square Path Station with direct access to NYC