Boasting a 10th Avenue address in the heart of Hell’s Kitchen, we identified a great repositioning opportunity with this portfolio. Marred by low occupancy and rent, as well as three below market retail spaces, we completely transformed these properties.

The building was fully renovated, including façade, corridors and twenty-four apartments, generating an NOI increase of 5x. Additionally, a less desirable small retail tenant was replaced with a tenant paying a 50% higher rent.