820-824 Avenue C

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Value-Add Opportunity
• 34 Units
• 2 Buildings
• 26/34 Free Market Units
• 23% Upside
• 7.73% Pro Forma Cap Rate

Building Highlights
• 2 Brick Buildings
• 23 Renovated Units
• Laundry in Basement
• Fire Escape Redone in 2026
• 824 Ave Boiler Replaced in 2024
• 820 Water Heater Replaced in 2026
• Each Building has Amazon Lockers
• Tenants pay for electric & cooking gas
• Landlord pays heat, hot water, & water/sewer
• Prime location on Avenue C

Convenient Transportation
• The buildings are approximately a 9-minute walk to the 34th Street light rail stop which provides a 20-minute trip to Manhattan via the PATH Train.