Asset Snapshot
Offering Summary
Investment Overview
485 East 28th Street is a 7-story building, comprising approximately 16,200 SF across seventeen (17) residential units, one (1) ground-floor duplexed community facility space and nine (9) available parking spaces. The unit mix includes six (6) rent-stabilized affordable units, nine (9) rent-stabilized threshold units, and two (2) free-market units all of which will revert to fair market status at the end of the abatement period. Additionally the building has a Certificate of Occupancy from 2023 which makes the building exempt from Good Cause Eviction until 2053.
Investment Highlights
- New Construction Elevator Building
- Exempt from Good Cause Eviction
- Unit Mix
- Immediate Parking Upside
- Free-Market Upside
How it Works
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