Location Overview 1150 East New York Avenue occupies a prominent corner at East New York Avenue and East 98th Street in Brooklyn, bridging the Brownsville and Crown Heights neighborhoods. This 4-story school building is ideally located for educational use. The property enjoys close proximity to local transit options, including the Sutter Avenue-Rutland Road subway station, serviced by the 2, 3, 4, and 5 lines, and several bus routes along East New York Avenue, making it highly accessible for students and staff. New 15-Year Term – Investment Grade, Secure Cash Flow 1150 East New York Avenue is leased to the New York City School Construction Authority (NYCSCA) under a brand-new 15-year renewal term. The lease was signed by the NYCSCA and is guaranteed by the New York City Department of Education, with the City of New York’s General Obligations credit ratings reinforcing the stability of the investment (Standard & Poor’s: AA, Moody’s: Aa2, Fitch: AA, Kroll: AA+). The property has been continually leased to the City since 1994, demonstrating a 30-year commitment to this location. This prime, investment-grade lease provides a very strong capacity to meet financial commitments for a low-risk, dependable income stream. The building is currently occupied by Aspirations Diploma Plus High School, K568 Brownsville Academy High School, and New Visions AIM Charter High School I.