2100-2120 Wallace Ave

Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the sale of 145 cooperative units located at 2100-2120 Wallace Avenue, a 150 unit elevatored multifamily building that undoubtedly represents some
of the highest quality housing stock in the East Bronx. The units for sale comprise 96.5% of the cooperative shares.

The 6 buildings that make up the property feature recently upgraded amenities and surround a beautifully manicured interior courtyard. With averages rents exceeding $1,200 and renovated 2 bedroom apartments leasing for $1500 and over, it is evident that both quality product and high demand for housing in the neighborhood of Pelham Parkway make this asset a stable investment whose appreciation will outstrip that of most of its borough peers in the years to come. The property’s current gross scheduled income is $2.18 million. Please execute the
attached confidentiality agreement for the offering memorandum and due diligence information.