Four (4) Mark-Up-To-Market Project-Based Section 8 Buildings ***BID DEADLINE: THURSDAY, DECEMBER 5TH, 2024*** Concentrated Scale • 143k SF across 4 properties Federally Subsidized Affordable Housing • 129 Project-Based Section 8 voucher units • Mark-up-to-Market HAP Agreements in-place Strong Retail Presence • 11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue • Over 200’ of retail frontage • Leases contain automatic increases of 3%-4% at expiration Value Add Potential • Built in rent increases through scheduled Mark up to Market • Potential for “As-Renovated” Mark up to Market Optionality • 5 year HAP agreements • Expiring Article V Shelter Rent Tax agreement Location • Perfectly situated in between two major subway stations just steps away • The project will benefit from over 500k sf of new development within the property’s immediate vicinity Cash Flowing Portfolio • Strong historical cash flow