Aria Apartments is a fully gut renovated mixed use asset located in the heart of Perth Amboy. It provides a rare combination of modern construction quality, diversified income, long term regulatory protection, and a stable yield profile that aligns directly with institutional investment criteria. The property was originally industrial and was transformed into a modern residential mixed use building, qualifying it for New Jersey’s Newly Constructed Multiple Dwelling Exemption. This exemption provides up to 30 years of relief from local rent control and rent leveling ordinances, allowing ownership to maintain market driven rent growth, reduce long term regulatory exposure, and preserve exit value. The building has undergone a complete renovation with new mechanical systems, upgraded electrical and plumbing, life safety improvements, and updated residential and commercial interiors. These improvements materially lower capital expenditure requirements and support consistent long-term operations. The electrical capacity was recently upgraded with a new 1,200-amp system. All utilities (electrical, heat, and water) are directly metered and the tenant is responsible for each, thereby eliminating any risks associated with future increases. The roof was newly installed mid 2017 with a complete 15-year warranty that has 7 remaining years. Residential occupancy levels, renewal patterns, and rent positioning reflect stable cash flow, while the commercial component provides additional income diversification and enhances overall revenue durability. Financially, the Offering Memorandum reports a purchase price of $5,900,000, a pro forma NOI of $363,729, and a Year 1 NOI of $362,578. These figures translate into a pro forma cap rate of approximately 6.16% and a Year 1 cap rate of approximately 6.15%, reflecting the properties enhanced marketability and high efficiency as a newly gut renovated property. The 10-year levered IRR analysis shows strong performance across a full range of exit-cap-rate assumptions. Using a 6.25% exit cap, the property generates a 12.03% levered IRR. The complete IRR sensitivity summary is provided within this OM. These IRRs are in line with the typical 10% to 14% return range targeted by core plus institutional investors and demonstrate resilience even under conservative terminal conditions. When combined with the 30 year rent control exemption, stabilized rent roll, limited capital expenditure drag, and positive leverage created by the current cap rate spread, Aria Apartments presents a compelling long term institutional investment opportunity.