FORDHAM MULTIFAMILY PORTFOLIO

INVESTMENT HIGHLIGHTS

• 6 total walk-up buildings, spanning 96,500 gross square feet, with 100 residential units and 311 bedrooms.
• Densely positioned within 1 block of one another, simplifying management and maintenance.
• 435′ of street frontage with each building having airshafts and carveouts, allowing windows on all four sides.
• $2,695,000 gross income, averaging $2,250 per unit, with a T12 NOI of $1,910,000 (6.8% Cap).
• All 6 buildings are perfectly maintained with less than 12 violations per building on average.
• 3 Buildings benefit from a J51 abatement through 2037-2040, as a result of recent capital improvements.
• Agency debt is assumable at an average of 4.6% Fixed, with I/O burning off in 2026. Debt model available.
• Our asking price of $28,000,000 suggests a 16% Cash on Cash, or 10% after principal, come 2026.
• The buildings have separate loans and can be sold individually or as a package.
• Large unit layouts and proximity to Fordham make this a potential student housing opportunity.