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)