Brand New 23-Unit Multifamily Building | 421-A Tax Abatement | 130% AMI Rents Presenting a newly constructed 23-unit residential building, featuring a modern unit mix of 16 studio apartments and 7 spacious one-bedroom units. This property benefits from the 421-A Tax Exemption, significantly reducing operating expenses and enhancing long-term investment potential. All 23 units are currently rented at 130% of Area Median Income (AMI), with studio units generating $3,530/month and one-bedroom units at $3,790/month. The property produces a total annual gross income of $996,120, offering a stable and predictable cash flow supported by HPS (Housing Preservation and Stability) incentives. An exceptional opportunity to acquire a turnkey asset in a high-demand rental market with strong upside and tax advantages.