NVESTMENT MEMORANDUM: 145 ALLEN STREET

INVESTMENT MEMORANDUM: 145 ALLEN STREET Prime Mixed-Use Acquisition | Lower East Side, Manhattan We are pleased to present an exclusive off-market opportunity to acquire 145 Allen Street, a six-story masonry walk-up located on the prominent corner of Allen and Rivington Streets in Manhattan’s Lower East Side. The property is being offered through a Federal Bankruptcy Court sale, representing a rare opportunity to acquire a stabilized urban asset with meaningful value-add upside in one of New York City’s most active, supply-constrained, and continuously evolving residential and commercial corridors. 145 Allen Street benefits from a highly desirable corner position in the heart of the Lower East Side, an area known for its strong tenant demand, vibrant retail activity, and ongoing residential repositioning. The surrounding neighborhood has experienced sustained upward pressure on rents and continued reinvestment from both institutional and private capital, further reinforcing the long-term strength of this micro-market. Assets with this configuration, scale, and corner exposure rarely come to market, particularly through court-supervised processes, making this a compelling acquisition opportunity for investors seeking both stability and upside. The property consists of 12 total units, including 10 residential units and 2 commercial units, with an overall occupancy rate of 75.00% as of May 31, 2026. The residential component includes a mix of layouts primarily composed of well-proportioned two-bedroom units, along with one oversized three-bedroom unit, supporting a diversified tenant profile that appeals to a broad segment of the rental market. The current rent roll indicates that unit 145-1 is vacant and configured as a three-bedroom apartment, while unit 145-2 is occupied by Kenneth Yu at $3,050.00 per month. Unit 145-3 is occupied by Xiao Xia Zhao at $1,819.22 per month. Unit 145-4 is vacant and configured as a two-bedroom unit. Unit 145-5 is occupied by Nicholas Mig Calvin Ryan at $2,934.75 per month, which includes a miscellaneous adjustment of negative $250.00. Unit 145-6 is vacant. Unit 145-7 is occupied by Madison Brusco at $3,000.00 per month, and unit 145-8 is occupied by Amanda Campa at $2,995.00 per month. Unit 145-9 is occupied by Caitlin Seager at $2,500.00 per month, while unit 145-10 is vacant and currently not generating rental income. The commercial component consists of two ground-floor retail units benefiting from strong street visibility and consistent pedestrian traffic along Allen Street. Unit 145-COMM1 is occupied by Photobooth (Oldfriend) at $6,500.00 per month, and unit 145-COMM2 is occupied by Inwany Inc. (Sonnyboy) at $9,785.80 per month. Based on the current rent roll, the total monthly rent collected across all residential and commercial units is $32,584.77, which also represents the total potential rent, indicating that in-place income is aligned with stabilized gross rent under current conditions. From a strateg