Cumberland St – Fort Greene, Brooklyn – NY Three combined 8 unit brownstone townhouse 9,100 SQFT

Neighborhood Walk score of 95, transit score of 100 and bike score of 88, 15 min to Manhattan Young professionals and artists who are seeking to escape the high rents of Manhattan World-class restaurants (Habana Outpost, No. 7, The General Greene) and nightlife options (Frank's Cocktail Lounge)

SWOT Analysis STRENGTHS The properties are located two blocks away from multiple transportation options 15 min commute by subway to Manhattan Walk score of 95, transit score of 100 and bike score of 88 Located in the Fort Greene historic district and right by Fort Greene park The properties have inherent upside as they are in heavy need of renovation WEAKNESSES Must wait for current residential leases to expire to vacate units and renovate OPPORTUNITIES Renovate and convert to condominiums – condos in the area go for $900+ per sq ft Property may be eligible for renovation tax credits Location is in the path of growth and the area has already seen numerous changes (new restaurants, bars, reduced crime, demographic shifts, etc). THREATS  Possible restrictions due to historic district location

Plan Purchase Cumberland St. Condo conversion 2 large units per floor Ground floor commercial/gallery space Build rooftop addition

Finance 25% profit from condo conversion 40% IRR over two years Cash flow from existing tenant after purchase