175th Street, Bronx
We gut renovated 27 out of 31 units, using most of property income for the capital improvements. After renovation and forcible removal of a local drug dealer, we succeeded in more than doubling building rents, and attracted a core group of families and stable rent paying tenants.
Purchase Date:
September 2003
Purchase Price:
$1,850,000
Price Sold:
$2,850,000
Percent Return:
137%
Category:
2003
