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New Rochelle, NY
44 family elevator building with a rent roll of $525,000 at closing. Increased rent roll to $657,000 in 14 months through active management.

Lexington Avenue and East 125th Street, NY, NY
Purchase of two story, corner retail/office property - virtually vacant. The property was renovated, repositioned and has a current rent roll of over $500,000 per annum.

Bronx, NY
60 family elevator apartment house with retail space near Yankee Stadium. Purchased out of Federal Bankruptcy court for approximately $2 million. Sold while under contract for 2.5 Million

East 34th Street, New York, New York.
Purchase of defaulted 1st Mortgage for 1 million dollars encumbering a Condominium Garage with an approximate unpaid principal balance of $1.8 million. Sold 4 years later for 3.5 Million.

Morristown, New Jersey
Purchase of 54,584 sq. ft. retail center with a rent roll of $905,000 for an approximate price of $4,950,000. Sold 5 years later for over $10,000,000.

Hillside Avenue, Jamaica Queens, NY
10,000 square foot taxpayer.  Purchased for approximately $3,400,000 and sold 3 years later for approximately $4,350,000.

Riverside Drive, New York, New York
Purchase of Cooperative Underlying 1st Mortgage from a Bank, while the Co-op was in Bankruptcy Court in an approximate unpaid principal balance of $2 million. Purchased for $850,000. Mortgage paid off in full with default interest within a year.

Westchester, New York

9000 Square foot inline strip retail building. Purchased on an all cash basis from an Estate. Increased annual rent roll by over 20% and then financed with a Bank.

Inwood Section of Manhattan, NY

10,000 square foot corner one story retail building

St. Marks Place, Brooklyn, NY

3 story brownstone net leased to a “not for profit” agency.  Purchased for 1.1 million, all cash, at a 2% cap rate.  The lease was short term.

Roosevelt Avenue, Jackson Heights, NY

3 story mixed use property. Originally placed a second mortgage. The owner defaulted and we started a foreclosure, purchased the first mortgage and purchased the deed in lieu of foreclosure. The property was renovated, re-leased and subsequently sold.

East 10th Street, New York City, NY

Purchased in 2002 for $2,300,000. Through buyouts and aggressive hands on management, doubled rent roll by 2009.

Kingsbridge Terrace, Bronx, NY
43 unit elevator building. Purchased and owned for approximately 3 years. The property was sold with an internal rate of return of 45%.

Bruckner Boulevard, Bronx, NY
A single story KFC with adjacent vacant lot. KFC had a short term lease. The lease was renegotiated and the vacant parcel leased to a local credit tenant, increasing the value of the asset approximately six fold.

Centre Avenue, New Rochelle, NY
A package of sponsor apartments both ETPA and free market. Contracted and closed, all cash, in 15 days.

Bell Boulevard, Bayside, NY
Two story mixed use property.  Contracted and closed in 3 weeks for $1,150,000, all cash.

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Richmond Terrace, Staten Island, NY
9 story elevator building consisting of 120 apartments built in the 1980’s overlooking New York Harbor. Purchased for approximately $8,500,000. Sold 4 years later for approximately $10,500,000.

PLEASE CALL US WITH YOUR OFFERINGS - 914-698-3325 - OWNERS AND BROKERS WELCOME