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36-story Property with 100% fair market units, acquired at a 15% discount to its previous transaction price from 2017, the Murray Hill property offers a compelling investment opportunity. Uniquely exempt from NYC rent regulation laws, the ongoing unit renovations aim to capture potential rent premiums.
Deal Highlights
- 15% discounted purchase price compared to 2017 acquisition
- Central Manhattan – Murray Hill – one of NYC’s most desirable neighborhoods
- Property is a market rent building exempt from NYC tenant eviction law
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36-story Property with 100% fair market units, acquired at a 15% discount to its previous transaction price from 2017, the Murray Hill property offers a compelling investment opportunity. Uniquely exempt from NYC rent regulation laws, the ongoing unit renovations aim to capture potential rent premiums.
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