The Property is the beneficiary of New York City’s protected 2B tax class. Buildings that fall under the city’s 2B designation have capped annual tax increases. Additionally, the Property’s six free-market residential units are acknowledged by DHCR sub rehab paperwork. The Property is located in the heart of Greenpoint, which is one of Brooklyn’s most desirable submarkets because of its proximity to McCarren Park, Williamsburg, and commerce along Manhattan Avenue, Bedford Avenue, and Nassau Avenue. 152 Norman Avenue benefits from access to the Nassau Avenue g train and B48 bus stop, both within a few minutes’ walk.