Location:            New York, NY
Property Type:        Commercial Condominium
Size:     104,768sf Owned
Date Acquired:  9/22/04

86 Chambers Street is a commercial condominium unit located within a 28-story mixed-use building. The property contains approximately 112,000 sf of rentable building area and is currently 100% occupied by eight commercial office tenants and five retail tenants. The property is well located on the SW corner of Broadway and Chambers Street in the City Hall district of downtown NYC. Purchased in September of 2004, the property was refinanced in June of 2006 which allowed original investors to exit with attractive returns.