1435-1449 Depew St. includes three-four unit apartment buildings, totaling 12-units. The properties sit on a 24,134 SF lot zoned multifamily that is primed for redevelopment. Preliminary site review by architecture firm indicated that it’s possible to build a new 42-unit apartment building on the site, based on zoning requirements. At such a low-cost basis, investors could also renovate existing 1Br/1Ba units, stabilize rents higher than in current condition and positively cash flow the buildings long term. We have existing relationship with the owner of adjacent identical 4-unit building, and it may be possible to purchase this property to include additional lot in redevelopment plan or just continue to positively cash flow all four buildings.