Newmark has been retained on an exclusive basis to arrange for the sale of 1269-1271 First Avenue. The ~14,622 square foot mixed-use elevator

offering is located on the west side of First Avenue between 68th and 69th Streets in the Lenox Hill neighborhood of Manhattan.

1269-1271 First Avenue consists of 20 residential units and 3 commercial units. The residential unit mix is 90% fair market and comprised of 7 studios and 13 onebedroom apartments. The commercial units total approximately 3,690 SF and are 100% occupied. The anchor tenant, Lenwich Sandwich Shop, has term remaining through 2034. All 3 tenants contribute to reimbursements which help to mitigate expenses.

The buildings largely fair market status offers future ownershio the aility to capture significant rental upside upon unit turnover. 1269-1271 First Avenue also boasts over 21,000 SF of available air rights which create the option of a long term development strategy.

1269-1271 First Avenue is located in one of the most popular neighborhoods in Manhattan - Lenox Hill. The property benefits from built in tenant drivers such as New York-Presbyterian Hospital. Rockefeller University, and Hunter College. Situated just steps away from the 6, F, and Q trains as well as the FDR Drive and numerous bus lines, the location provides tenants with excellent transportation options.