Hudson View II & III

Four (4) Mark-Up-To-Market Project-Based Section 8 Buildings in Harlem

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Overview

Key Highlights

  • Price Price: Please Inquire
  • Gross SF 142,690
  • Contract Type Mark-Up-To-Market
  • Property Type Project-Based Section 8

Overview

Investment Highlights

Concentrated Scale

• 143k SF across 4 properties

Federally Subsidized Affordable Housing

• 129 Project-Based Section 8 voucher units

• Mark-up-to-Market HAP Agreements in-place

Strong Retail Presence

• 11 commercial units located on major Manhattan retail thoroughfare, Amsterdam Avenue

• Over 200’ of retail frontage

• Leases contain automatic increases of 3%-4% at expiration

Value Add Potential
• Built in rent increases through scheduled Mark up to Market

• Potential for “As-Renovated” Mark up to Market

Optionality

• 5 year HAP agreements

• Expiring Article V Shelter Rent Tax agreement

Location

• Perfectly situated in between two major subway stations just steps away

• The project will benefit from over 500k sf of new development within the property’s immediate vicinity

Cash Flowing Portfolio

• Strong historical cash flow

Location

Our Team

Victor Sozio

Victor Sozio

Founding Partner
Ariel Property Advisors
212.544.9500 Ext. 12
Shimon Shkury

Shimon Shkury

President and Founder
Ariel Property Advisors
212.544.9500 Ext. 11
Jake Brody

Jake Brody

Ariel Property Advisors
212.544.9500 Ext. 62

Drew McWilliams

Associate Director - Investment Sales
Ariel Property Advisors

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