Properties

Pending #1: 25-Unit Suburban Waterfront​

Overview

  • Spacious waterfront lots

  • 70% of unit interiors moderately to heavily renovated within last 5 years

Value-Add Opportunities

  • Utilities re-arrangement and & solar installation (5% to 20% upside)

  • New construction (8% to 60% upside): 1 (of 6) lots is 100% empty. 

  • Garage rental (1% upside)

  • Raising rent (3-8% upside)

  • Renovations (5-10% upside)

  • Refinance (5-15% upside)

  • Miscellaneous (10%-20% upside)

Pending #2: 17-Unit Urban Mixed-Use​

Overview:

  • Close to: Manhattan; ferry to Manhattan; Lincoln Tunnel; light rail

  • Walking distance to schools, hospital, park, Hudson River

  • Recent renovations (within last 10 years)

  • 16 residential units & 1 commercial unit

Value-Add Opportunities

  • Solar installation (5-10% upside)

  • Advertising (heavy street traffic) (2.5-5% upside)

  • Storage space installation in basement (2.5-5% upside)

  • Additional floor / 4 units (20-30% upside)

  • Subdivide ground-floor business area (5-10% upside)