Brass City Portfolio

Investment Overview

Northeast Private Client Group is pleased to present the Brass City Portfolio, consisting of forty-four (44) units in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. Four (4) contiguous properties occupy the corner of Bank Street and Washington Avenue and total 32 units. A five-minute walk away are the remaining 12 units in two adjacent properties on Congress Avenue. The portfolio offers an investor immediate scale in the area with a diverse unit mix, including five (5) studios, twenty-five (25) one-bedrooms, five (5) two-bedrooms and nine (9) three-bedroom apartments. Each location features coin-operated laundry and off-street parking.

Investment Highlights

• 44 Units in One Neighborhood Provide Immediate Economies of Scale
• Value-Add Opportunity: In-Place Average Rents Well Below Recently Signed Lease Rents
• Many Legacy Tenants with Rents Significantly Below Market
• Portfolio Features Off-Street Parking and Laundry