Operating at a 8.57 GRM and a 6.67% Cap Rate, 1139 E 68th St. is a high-yield asset with over 100% upside in rents. HACLA pays $1,920 for efficiency units in this neighborhood. Current rents are at $9,090 and can achieve $19,200. A sophisticated owner can also put solar on this property and cut the expenses for utilities in half. The property is master metered for Water and Electric. Tenants pay for their own gas only.

This asset consists of 10 studio units, approximately 300 square feet each. Once stabilized the property will operate at a 4.06 GRM and a 18.76% Cap Rate not including capital expenditures.