JLL has been retained on an exclusive basis to arrange for the sale of 409-413 East 84th Street (the “Property”), two contiguous, 6-story, walk-up buildings located on the north side of East 84th Street between York and First Avenues. Featuring 75’ of frontage on East 84th Street in the heart of the Upper East Side, the Property is configured as 48 total apartments across 31,152 gross square feet. The Property presents a value-add opportunity for investors via light upgrades to the units and common areas, which will drive rent growth as rising NYC rents continue to push north into the UES from Downtown Manhattan and Brooklyn. Of the Property’s 48 apartments, 71% of the units are leasing at market, of which 60% are Free Market and 11% are RS-MKT. The Free Market apartments are configured as 13 2-beds, 15 3-beds and 1 duplex, catering to the neighborhood demographic of young professionals and share-style apartments. Located in a neighborhood defined by strong rental dynamics and little to no vacancy (1.8% vacancy rate), the Property’s unit layouts and demographics present a strong hedge against Good Cause Eviction. Apartments #1, 7, 8, and 23 in 409 East 84th Street and apartment #1 in 413 East 84th Street were renovated in 2021 to a good base condition, but the unit finishes and common areas could be cosmetically improved upon to drive rents. The Property also possesses a recently renovated, bluestone patio in the rear yard that is accessible to all tenants. The Property is well-suited to benefit from the sustained trend of rental growth NYC has experienced over the past few years (6.3% YoY UES rent growth as of July 2025). This explosive growth is expected to continue due to significant housing supply constraints (avg. of 9 multifamily units added to the submarket per year) and a steady influx of young professionals and recent graduates seeking apartments. While all NYC neighborhoods have benefitted from rising rents, average rents in the Upper East Side ($4,390/month for non-doorman two-beds) are significantly trailing both the Manhattan average of $5,167* and those of the core neighborhoods of Manhattan and Brooklyn (which range as high as $6,014 and $7,038)*. This discount in average neighborhood rents ranks the UES as the third cheapest Manhattan submarket behind only Midtown West and Harlem. This lag should be a significant driver of local rent growth as tenants seek relief from higher rents to the south. Strong and continued rent growth should also be reenforced by Upper East Side vacancy rates, which are extremely tight at 1.8% vs. the metro average of 3.3%. This lack of availability is partly due to luxury, ground up condominium developments diminishing rental stock in the neighborhood. 47 new condo towers have been built on the UES since 2012 with five more currently under construction as of Q1 2025, and only 79 rental unit deliveries are expected in the submarket through Q1 2027. As developers focus on condominium product, pressure will continue to build on rental supply. Without any material new supply in the pipeline, scarcity will continue to place upward pressure on rents. Strong underlying market fundamentals are further supported by the Property’s unit mix and proximity to the Q (4-min walk) and 4-5-6 trains (10-min walk), which will attract young professionals seeking convenient access to Manhattan’s major employment hubs. In 2024 New York City saw an influx of recent college graduates moving to the city to fulfill employment opportunities. 10.79% (7% YoY increase) of 2024 national college graduates moved to New York last year, the most of any city in the country and more than double all other U.S. metros other than Los Angeles (6.12%). New arrivals will be attracted to the Upper East Side due to its relatively affordable rents, safety, transportation options and familiarity with older generations. 409-413 East 84th Street presents an excellent opportunity for an investor to acquire a well-located, low maintenance, transit-oriented property in a submarket bolstered by strong future rental dynamics and significant long-term supply constraints. The Property will be sold on an as-is, where-is basis