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The Caledonia is a Hybrid asset that functions as a high-velocity capital vault for 1BR/2BR investors but presents significant risk in its larger floorplates. While core lines have achieved reliable Appreciation-Driven growth—shifting from $1,100 to over $2,100 PPSF—the building suffers from "marketing sludge" in its 3BR segment and catastrophic income leakage across various units. Rental vacancies can exceed 300 days, destroying realized yield. Opportunity lies in the high-velocity Line 06 and 03 resale stacks, while risk is concentrated in the illiquid 3BR stacks which trail building-wide liquidity standards.

Hudson View East is a high-volume Hybrid asset that serves as a reliable entry-level anchor in Battery Park City, despite underperforming the sub-neighborhood by 10.8%. The building’s health is anchored by its 1-bedroom and studio segments, which capture steady rent efficiency (~$80/SF) and turnover efficiently. While the building demonstrates robust long-term compounding since 2003, investors must navigate significant "income leakage" in the rental market for non-standard units and severe liquidity risk in the 2-bedroom sector, where marketing periods average six months. Opportunity lies in the fast-clearing 1BR 'G' and 'H' lines, while risk is concentrated in larger units prone to chronic market lag.

Rector Square is a high-volume Hybrid asset that serves as a performance leader in Battery Park City, outperforming the sub-neighborhood by 7.0%. The building’s health is anchored by its 1BR segment, which maintains steady resale volume, and its 2BR units, which command structural premiums and elite rent efficiency up to $102/SF. While the building has demonstrated robust compounding appreciation since its 2013 sponsor cycle, investors face significant "income leakage" in the rental market for specific stacks ('J' and 'T') and severe liquidity risk in segments where marketing periods can exceed 400 days. Opportunity lies in high-floor 'H' and 'G' lines for capital growth, while risk is concentrated in lower-floor units with chronic market lag.

Millennium Towers Residences is a high-turnover Hybrid asset that serves as a performance leader in Battery Park City, outperforming the sub-neighborhood by 16.5%. The building’s health is anchored by its 2BR segment, which maintains steady resale volume and captures elite rental efficiency (~$90/SF). While the building has demonstrated robust compounding appreciation since its 2007 launch, investors face significant "income leakage" in the rental market for specific lines ('C' and 'E') and severe liquidity risk in the 1BR sector where marketing periods can exceed 500 days. Opportunity lies in high-floor 'F' and 'E' stacks with proven line persistence, while risk is concentrated in lower-floor units with chronic market lag.

Liberty Court (200 Rector Place) is a mature postwar resale condo built in 1987 in Battery Park City. Standing 46 floors with 545 units, it operates as a large-scale, full-service development. Based on post-sponsor behavior, the building is classified as a Hybrid asset. It exhibits high-depth liquidity with 271 recorded sales and 271 rentals, and it outperforms the Battery Park City sub-neighborhood by 3.0%. Its performance is characterized by steady long-term compounding—moving from a baseline in the $300–$700 PPSF range in the early 2000s to recent peaks exceeding $1,400 PPSF—paired with a rental market that achieves strong yearly efficiency but is prone to severe "income leakage" in specific high-vacancy lines.

The Visionaire is a high-volume Hybrid asset that serves as a performance anchor in Battery Park City, outperforming the sub-neighborhood by 16.7%. The building’s health is driven by its 2BR and 3BR segments, which capture elite rent efficiency (~$90/SF) and exhibit steady compounding appreciation. However, investors face significant "income leakage" in the rental market for smaller units and substantial liquidity risk in the 'B' stack, where units can sit for nearly two years. Opportunity lies in high-floor 'D' and 'E' lines which command structural premiums, while risk is concentrated in the lower-floor units that suffer from unit size imbalance and resale volatility.

The Broad Exchange Building (25 Broad Street) is a Yield-Oriented (At Risk) asset that offers strong rental cash flow ($70–$75 PPSF) but is currently a weak vehicle for capital appreciation. Post-sponsor analysis reveals a dual market: the Sponsor continues to clear "No Listing" inventory at premium prices ($1,200–$1,300 PPSF) in 2025, while the organic resale market trades at a structural discount ($1,000–$1,100 PPSF). This gap, combined with resale absorption times often exceeding 100 days, indicates that early buyers are facing negative real returns compared to the NYXRCSA benchmark. The building is best suited for income-focused investors who can acquire units at the distressed resale basis, not the sponsor's primary price.

Greenwich Club Residences (88 Greenwich Street) is a Yield-Oriented (At Risk) asset that functions as a high-velocity rental factory but serves as a "value trap" for capital. While the building offers entry-level pricing ($900–$1,100 PPSF) and consistent rental demand, post-sponsor analysis reveals that long-term owners frequently exit at nominal losses or flat returns. Recent 2025 resales are clearing at prices roughly equivalent to 2007 sponsor levels, representing a massive real-value loss against the NYXRCSA benchmark. Income capture is viable for cash-flow investors, but equity preservation is severely compromised by sponsor price normalization and unit mix imbalance.

The Collection at 20 Pine is a Yield-Oriented (At Risk) asset that functions as a high-churn rental factory but a "value trap" for capital. While the building offers entry-level pricing ($900–$1,000 PPSF) and consistent rental demand, post-sponsor analysis reveals that long-term owners frequently exit at nominal losses. Recent 2024–2025 resales are clearing at prices roughly equivalent to or below 2009 sponsor levels, representing a massive real-value loss against the NYXRCSA benchmark. Income capture is viable for cash-flow investors, but equity preservation is severely compromised by sponsor price normalization and unit mix imbalance.

Cipriani Club Residences (55 Wall Street) is a Yield-Oriented (At Risk) asset that serves as a cautionary tale of "Sponsor Price Normalization." While the building generates rental activity, it has been a catastrophic vehicle for equity owners, with 2024–2025 resales consistently clearing at 50% to 60% losses compared to 2007 valuations. This occurs despite the NYXRCSA benchmark rising 50%+ over the same period. The building suffers from a unit mix imbalance (82% Studio/1BR) and poor liquidity (DOM > 180 days). Opportunity exists strictly for yield-focused investors entering at the new distressed basis ($550–$700 PPSF), but the asset has failed to capture any market appreciation in nearly two decades.

Trump World Tower is a Yield-Oriented (At Risk) asset that currently functions as a stagnant store of value rather than a growth vehicle. While the building commands consistent rental demand, capital appreciation has been virtually non-existent for nearly two decades, with key lines (like 3BRs) trading in 2022–2025 at prices identical to their 2006 sponsor levels. This represents a massive real-value loss against the NYXRCSA benchmark. Income capture is viable in smaller units, but larger inventory suffers from significant income leakage due to absorption times often exceeding 6 months. Opportunity exists only for yield-focused buyers entering at a distressed basis ($1,200 PPSF).

123 Washington Street is a Yield-Oriented (At Risk) asset that functions as a high-churn rental factory but a capital destruction vehicle for long-term owners. Post-sponsor analysis reveals a catastrophic trend of negative appreciation, with resale units in 2024–2026 consistently trading 20% to 40% below their 2012–2014 purchase prices. While the building generates reliable rental income with nominal PPSF near $90, the liquidity shift (resale DOM > 130 days) and sponsor price normalization have trapped equity. Opportunity exists strictly for cash-flow investors buying at the new distressed basis ($1,000–$1,200 PPSF), but the asset has failed to capture any of the market growth reflected in the NYXRCSA benchmark.

53 West 53 Street is a Yield-Oriented (At Risk) ultra-luxury asset that is currently suffering from "Sponsor Price Normalization." While it statistically outperforms the neighborhood, this is a legacy of initial pricing rather than current market reality. Post-sponsor resales in 2023–2025 demonstrate negative compounding, with key lines (like Line B and F) trading below 2020 levels despite the NYXRCSA index reaching all-time highs. Rental income is high in nominal terms but suffers from severe leakage in larger units due to 6+ month absorption times. The building is currently a liquidity trap for resale sellers.

The Orion is a Yield-Oriented asset that serves as a massive liquidity provider in Hells Kitchen but fails as a capital growth vehicle. Post-sponsor behavior is defined by a mean-reverting price trend, where 2025 resales often clear at or below 2008–2012 levels despite the market index (NYXRCSA) more than doubling in that era. Income is consistently generated via a high-velocity rental market, yet investors face significant income leakage (up to 47%) when units sit for the building's median 86-day absorption period. Opportunity is strictly limited to low-DOM rental lines, while the primary risk is capital stagnation across its dominant 1BR inventory.

75 Wall Street is a Yield-Oriented (At Risk) asset that serves as a high-density rental factory but fails as a capital preservation vehicle. While the building maintains an absolute price lead in the Financial District, its behavior is mean-reverting, with 2025 resales frequently clearing at prices seen in 2009–2010. Income is frequently "leaked" rather than captured, with larger 1BR and 2BR units often sitting vacant for 3–6 months between leases. Opportunity is limited to low-DOM studio rentals, while the primary risk is concentrated in the 1BR stacks where capital has failed to compound for over 15 years.

The Sheffield is a high-density Yield-Oriented asset that operates as a cash-flow engine for small units (Studios/1BRs) but remains a value-trap for larger footprints. While it provides a nominal pricing premium over Hells Kitchen, its Appreciation Score (45) highlights a total failure to compound capital relative to the NYXRCSA index over the last 15 years. Opportunity is strictly limited to high-velocity rental stacks (Line B, Line F), whereas the 3BR+ inventory suffers from chronic income leakage and severe exit liquidity friction, often sitting vacant or on the market for over a year.

One Wall Street is a high-prestige, Yield-Oriented asset that currently functions as a "leaky" rental engine. While the sponsor has established a high pricing floor that outperforms the local neighborhood by 52%, the building's post-sponsor behavior is characterized by extreme income leakage (with rental DOM reaching 265 days) and anemic secondary market liquidity. The Line 03 and Line 10 stacks show significant friction, and early resales suggest capital values are mean-reverting toward lower secondary market realities rather than compounding.

15 William Street is a Yield-Oriented asset that serves as a high-velocity rental factory in the Financial District but fails to deliver capital compounding. Post-sponsor behavior is characterized by flat-to-negative price persistence, with most units reselling at or below their inflation-adjusted 2008–2010 baselines. While nominal rents appear attractive, investors suffer from significant income leakage due to absorption times (DOM) often exceeding four months. The building’s 9.4% outperformance of its sub-neighborhood is an absolute price leader, but a relative performance laggard in terms of compounding.

125 Greenwich Street is a Yield-Oriented development condo currently in its sponsor establishment phase. The building establishes a significant price premium over the Financial District (+26.3%), driven by high-velocity closings in the 1BR (Line A) and 2BR (Line C) stacks. While early rental data shows a high nominal PPSF of $170, the asset's true performance remains sensitive to sponsor price normalization and future resale liquidity. Opportunity lies in the building’s high-yield potential, but risk is concentrated in the lack of secondary market depth and the high-index timing of its launch.

The JW Marriott Essex House is a Yield-Oriented asset that operates as a high-velocity rental engine but fails to preserve capital value. Post-sponsor behavior is characterized by a downward price mean-reversion, where 2024–2025 trades are often significantly lower than 2008 or 2015 peaks. While the 3BR stacks (Line 01) capture occasional absolute premiums, the building’s overall performance is plagued by extreme income leakage due to absorption times exceeding 150 days. It is an asset for cash-flow seekers who can manage high vacancy risk, rather than for defensive capital preservation.

Trump International is a high-prestige, Hybrid (At Risk) asset that acts as an absolute price leader in Lincoln Square but fails as a capital growth vehicle. Post-sponsor behavior is defined by flat-to-negative compounding in major stacks and significant income leakage, where nearly 40% of potential rental income is lost to absorption friction (DOM). Opportunity is restricted to high-liquidity 2BR lines, while the larger 3BR+ units are trapped in a mean-reverting cycle where 2025 trades are failing to maintain mid-decade peaks.

Executive Plaza is a high-density, Yield-Oriented asset that acts as a Midtown rental factory but fails as a capital preservation vehicle. While it offers high transaction liquidity, its price behavior is flat/cyclical, trailing both the NYXRCSA benchmark and its local sub-market. Income is the primary driver, yet Effective Annual Rent is frequently eroded by extreme absorption times (DOM), which can reach over 200 days. Investors capture nominal rent but lose significant economic value to time, making this an "at-risk" asset for those not closely managing vacancy.

The Corinthian is a mature, Yield-Oriented asset that serves as a major liquidity provider in Murray Hill but fails as a vehicle for capital growth. Post-sponsor behavior is characterized by flat compounding and significant income leakage due to a high median rental DOM. While the 3BR+ lines capture occasional premiums, the dominant 1BR and Studio inventory is trapped in a mean-reverting cycle where trades in 2025 mirror levels seen over a decade ago. Investors should focus on the Effective Annual Rent rather than nominal prices to account for the consistent vacancy friction.

The Plaza Residences is a Hybrid asset that functions more as a store of absolute value than a vehicle for capital growth. While it significantly outperforms its sub-market in absolute PPSF, its post-sponsor behavior is marked by zero-to-negative compounding and extreme income leakage. Rent capture is inconsistent, with larger units frequently remaining vacant for over six months. Opportunity is restricted to specific line-level premiums in the 2BR/3BR stacks, while the 1BR units have faced massive sponsor price normalization and loss of value over time.

One Manhattan Square is a high-density, Yield-Oriented asset that excels in nominal rent generation but fails to deliver capital compounding. Post-sponsor behavior shows a flat PPSF trend that has not kept pace with the NYXRCSA index since 2019. Income is effectively captured in the 1BR/2BR stacks, but the larger 3BR units suffer from extreme income leakage due to prolonged vacancy periods. The building’s high velocity (615 sales) ensures exit liquidity, but at the cost of price appreciation, making it an asset for cash-flow-driven investors rather than capital preservation.

The Atelier is a high-velocity, Yield-Oriented building that serves as a Midtown rental factory but fails as a capital appreciation vehicle. Post-sponsor behavior is characterized by flat compounding and extreme rent leakage due to high vacancy periods (DOM). Investors capture high nominal rents, but the Effective Annual Rent is severely diminished by absorption friction. The building’s 14.1% underperformance relative to Hell's Kitchen confirms it is a mean-reverting asset where value is lost to time and oversupply.

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