MAJORITY FREE MARKET INCOME PROFILE: Seven of eight units (87.5%) are free market, contributing 98% of gross potential rent. The single rent stabilized unit represents under 2% of revenue, positioning the asset with a rent growth trajectory that is structurally unavailable in the majority of Brooklyn’s pre-war multifamily stock.

FULL OCCUPANCY WITH LADDERED MARK-TO-MARKET: The property is 100% leased. Free market expirations are staggered from August 2026 through July 2027, allowing a new owner to capture sequential rent growth as leases roll without absorbing concentrated turnover risk in any single period.

SCARCE LARGE-FORMAT UNIT MIX: Every free market unit is a four or five bedroom layout, with two units featuring private roof deck access. This inventory is structurally scarce in Brooklyn’s brownstone belt and directly aligned with the family and household-share demand that defines the neighborhood. Large-format product commands premium rents on a per- unit basis and typically exhibits longer tenancy and lower turnover cost than studio and one-bedroom inventory.

SUPPLY-CONSTRAINED SUBMARKET WITH IMPROVING FUNDAMENTALS:

Prospect Park has historically added only 640 units annually against a Brooklyn population of 2.6 million, and vacancy stands at a tight 4.1%. The forward supply picture is improving materially, with units under construction down to roughly 2,800 from a recent peak of 7,500 and deliveries projected to decline sharply in 2026 and again in 2027. Demand has consistently outrun supply, with absorption averaging 2,000 units annually over the past three years against a historical norm of 1,200.