New York Multifamily is pleased to present the portfolio of unsold co-op shares at 2830 Briggs Avenue. Located in the Bedford Park neighborhood of the Bronx, this portfolio comprises 18 apartments, 15 of which are free market. This well-maintained, 6-story elevator building comprises a total of 58 apartments. The portfolio presents investors with immediate upside potential, as 55% of the units have been fully renovated. 2830 Briggs Avenue is conveniently located near Fordham University, The New York Botanical Garden, and The Bedford Park Boulevard Subway Station. THE OPPORTUNITY Free Market: 15 of the 18 units are already destabilized, providing investors with the opportunity to vacate and renovate the remaining unrenovated units. Value Add: Although three units are stabilized, they are not subject to HSTPA regulations. Upon turnover, these units become destabilized, allowing an investor to either rent or sell them at fair market value. Discount to Market Value: Vacant free market units are trading at approximately $230 per square foot. This package is being offered at: 75% discount on regulated units 20% discount on unrenovated deregulated units 15% discount on renovated deregulated units Unit Make-Up: These unsold units are composed of 2 studio, 9 one-bedroom, and 7 two-bedroom apartments. Cash Flow: A buyer can either sell the units immediately or continue to operate them as a rental and earn 7%.