The Zachary (125 East 12th Street)
The Zachary (125 East 12th Street) is a Yield-Oriented asset that excels at liquidity but struggles with long-term capital appreciation. Post-sponsor analysis reveals a building where units clear the market rapidly (median DOM < 40 days) and generate robust income ($83–$91 PPSF rents, ~5-6% yields). However, equity growth has been structurally capped; specific units (e.g., 3E) sold for less in 2023 than they did in 2013, completely missing the post-2013 market rally captured by the NYXRCSA benchmark. Investors should view this as a high-velocity trading vehicle or income generator, rather than a "buy and hold" wealth compounder.
