Brokers:  Simon Jonna & Tony Fayne 19-Acre Redevelopment Site  R-1-P Zoning with Approved Multifamily Plan 312 Units Approved – Class-A Apartment Community Design Projected NOI at Stabilization: $4.2 Million | 7.00 % Cap Rate  Value at Stabilization: $63.9 Million ($204K Per Unit) Prime Warren Location Strong Population Base of 345K+ Within 5 Miles  Robust Demographics: $76,877 Avg. HHI| 345,865 PPL w/in 5-Mile Accessible Corridor – Proximity to I-696, I-75, and Major Employers Investment Opportunity – High-Demand Metro Detroit Multifamily Submarket Within 15 minutes or 6.2 miles from Detroit Mercy, McNichols. It is also near Oakland C.C., Royal Oak Campus and Marygrove College