Long Term Sale Leaseback: The current owner users are offering a sale leaseback in which they would remain as a tenant for the commercial portion, eliminating lease up risk.

Extensive Capex: Ownership has done $635k in renovations to the property to enhance units, common areas, mechanicals and plumbing, as well as exteriors. Ownership has also recently improved the laundromat portion of the building with $657k in new equipment and renovations.

Free Market Units: The upstairs residential units are entirely free market and currently 100% occupied, generating robust cash flow and future free market rent growth. Additionally, there is a mark to market opportunity for the 2BR unit to increase rents an estimated $700 to $4,800 monthly upon lease expiry.

Ideal Location: 69 Avenue C is located near the heart of East Village, generating consistent demand for both commercial and residential uses.