- Package of three (3) post year-15 LIHTC, buildings located in Central Harlem
- Portfolio consists of 59 residential units and two (2) commercial units.
- All properties benefit from a long-term J51 Tax Exemption and Abatement and a 610 Amendment
- Approximately $6.1M in accretive assumable financing that matures in 2038.
- 64% of existing capital stack consists of interest-only or non-paying debt.
- Portfolio benefits from a 610 Amendment to the existing regulatory agreement allowing for significant revenue growth
- Easy access to public transportation, located two blocks away from the 2 and 3 train station
- One new construction building and two properties that underwent adaptive reuse renovations.