Portfolio Highlights
Our portfolio spans across multifamily residential units, mixed-use commercial and land lots. We focus on acquiring and repositioning distressed assets in high-growth areas to raise the desirability and command above market rents. We define “high-growth” as areas that have easy access to public transportation, changing demographic and retail landscape and rising rent rolls.
Jersey City, NJ
A two-family home located in the West Side Ave area. A 30 minute train to World Trade Center (NYC) and walking distance to public parks and restaurants.
Acquisition type: Rehab and hold
Purchase price: $190,000
Rehab cost: $70,000
After repair value: $360,000
Current cap rate: 9%
Union City, NJ
A two-family home located in the West Hoboken area. A 15 minute bus ride to Port Authority (NYC) and walking distance to public parks, farmer’s markets and restaurants.
Acquisition type: Buy and hold
Purchase price: $349,000
After repair value: $550,000
Newark, NJ
A three-family home located in the North Newark area. A 15 minute bus ride to Newark Penn Station and conveniently located near NJIT, Rutgers, NJPAC and University Hospital.
Acquisition type: Buy and hold
Purchase price: $355,000
Current cap rate: 10%