Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments.



The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units.

Highlights

16 Total Units



14 Free-Market Apartments – large, renovated 3–4 bedroom layouts



2 Rent-Stabilized Apartments – providing steady, long-term cash flow



All units have individual heating systems (tenants pay for heat)



Air conditioning in every unit



Low operating expenses due to tenant-paid utilities



High demand for large family-sized apartments in the area



Investment Summary

This asset offers investors a rare combination of stability and growth.



The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol.



Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand.



The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs.



Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI.



Investor Highlights



Strong in-place income with majority free-market exposure



Upside potential via free-market rent growth



Low maintenance costs and minimal owner responsibilities



Balanced rent roll combining stability and flexibility



Excellent opportunity for a value-focused multifamily investor