PROPERTY DESCRIPTION - The property is a value-add, corner, 6-unit apartment building with parking - Apartments consist of three 1B/1BA and three 2B/1BA units - 18% upside in apartment rents - 2,500sf lot is zoned for single and 2-family redevelopment LOCATION HIGHTLIGHTS - Access to NJ Turnpike, Parkway, I-95, Staten Island, Rt. 440 & 35, NJ Transit Rail - $200m was recently invested in the approved Sea Gate project that will bring 602 new housing units to the waterfront - The combination of waterfront redevelopment, regional connectivity, and ongoing economic revitalization makes for an emerging investment market