301 East Houston Street

• Prime Lower East Side Location — Located in a highly established Lower East Side submarket with convenient access to major transportation, retail, dining, employment centers, and neighborhood amenities. The property benefits from the area’s strong residential demand and limited supply of developable sites.
• Opportunity Zone Designation — The property’s Opportunity Zone designation can provide tax advantages to qualifying investors, including potential deferral of eligible capital gains and a basis adjustment on qualifying investments held for the required period. For development-oriented investors, the Opportunity Zone structure can also provide favorable tax treatment on qualifying appreciation, subject to current federal requirements.
• Tax Class 2A Protected — The property’s Tax Class 2A designation provides protection against rapid increases in assessed value, with assessed value increases generally capped at 8% annually and 30% over five years for qualifying buildings with 10 or fewer residential units. This can provide greater predictability around future property tax expenses.
• Residential Value-Add Opportunity — The property provides investors with an opportunity to enhance value through strategic improvements, repositioning, and potential rental growth while benefiting from its existing residential income stream. The combination of in-place operations and future upside creates multiple avenues for increasing NOI and asset value.