525 WEST 158TH STREET, NEW YORK, NY 10032

Investment Highlights:

29% FREE MARKET
Majority of the housing stock in Northern Manhattan is rent stabilized. 525 West 158th Street
features 11 free market units which equates to 29% of the units. This is a very attractive feature
considering the strict regulatory environment and the passing of the HSTPA rent laws in June
2019.

PREFERENTIAL RENT UPSIDE
23% of the units have preferential rents. There is approximately a $30,000 difference between
the legal rents and actual rents charges which may be realized upon unit turnover.
DURABLE CASH FLOW
The Property is well maintained and has been under the same ownership for 18 years. This
combined with the buildings convenient location has resulted in strong on-going occupancy
which is currently 97%. The building attracts a wide tenant base including working professionals,
students and families.

LOCATION
525 West 158th Street is conveniently located steps from Broadway and is within close proximity
to the City College of New York, New York Presbyterian Columbia University Irving Medical
Center, Highbridge Park, and offers quick access to Henry Hudson Parkway and Harlem River
Drive.

TRANSPORTATION
The property is conveniently located within walking distance to the 163rd Street [A, C], 157th
Street [1], and 155th Street [B, D] subway stations.