Welcome to YRE

11 Beach Street is a Yield-Oriented luxury asset that serves as an effective income generator but a frustrating equity vehicle. Post-sponsor analysis demonstrates that while the building commands elite rents ($18k–$30k/mo) and offers yields (6%+) that dwarf the condo average, capital appreciation has been non-existent for long-term holders. Sellers in 2025 are exiting at prices effectively identical to their 2017–2018 purchase basis (e.g., Unit 9A), meaning they missed the entire bull run captured by the NYXRCSA index (Nov 2025: 330.28). The building is best suited for end-users seeking massive Tribeca floorplates or investors buying strictly for yield during market dips, as the "new dev premium" paid in 2016 has completely dissipated.

450 Washington Street is a high-octane Yield-Oriented asset that behaves more like an income fund than a traditional condo. Post-sponsor analysis reveals a building where elite rental metrics—consistently delivering 6.5%–7.3% gross yields,—provide a sturdy floor for valuations. While small units (studios/1BRs) are highly liquid and have generated 15–25% gains for early flippers (Driver 1: Market Regime), the building suffers from significant liquidity drag in its large-format inventory, where units often sit for 6–12 months. Investors should approach this as a cash-flow play, targeting 1BRs for liquidity or 3BRs only if they can tolerate year-long disposition timelines to capture the massive $35k/mo rental income.

108 Leonard Street is a quintessential Yield-Oriented asset that excels at generating income but struggles to generate equity growth. Post-sponsor analysis reveals that while the building commands massive rents—often exceeding $140 PSF and delivering 6% gross yields—resale values have stagnated, trading flat or with minimal nominal gains relative to 2019 acquisition costs. The building functions as a "Value Trap" for capital appreciation; original owners are barely breaking even after 5 years, while the broader NYXRCSA index has marched higher. Buyers should approach 108 Leonard strictly as a cash-flow play or long-term residence, discounting the 2019 sponsor premiums significantly to account for the building's 400+ day resale liquidity drag on larger units.

30 Park Place is a Yield-Oriented luxury vehicle that offers elite rental income potential but has been a capital destruction machine for early equity investors. The building has undergone a brutal repricing, with 2024–2025 resales consistently clearing 20%–30% below the 2016 sponsor pricing. While the "Four Seasons" halo generates massive rents ($130–$160 PSF), this income has not supported the original asset valuations. Buyers entering now at ~$2,200 PPSF are purchasing at a corrected basis with high yield potential (6.5%+), but they must be wary of the building's historically poor resale liquidity and inability to generate capital appreciation.