VALUE ADD 11 Units $170K Price Per Unit 93% Upside 11.27% Pro Forma Cap Rate Average Rent of $1,149 vs Market Rent of $2,217 ($1,050+ difference on turnover) BUILDING HIGHLIGHTS Prime Location in Journal Square Brick Building Laundry in Several Units One- and Two-Bedroom Apartments Four Renovated Units New Hot Water Heater – 2022 Landlord Pays for Heat, Hot Water, Water/Sewer & Common Area Electric CONVENIENT TRANSPORTATION The building is approximately a 10-minute walk to the JFK Blvd at Sip Ave bus stop which provides a 20-minute trip into Midtown Manhattan with direct access to NYC