Our Porfolio
562A Morgan
562A Morgan Ave. Brooklyn NY 11222
Location
- Greenpoint
- Brooklyn
Asset
- Asset Type: Multifamily
- Total Units/Rooms: 4 / 12
Highlights
- Negotiated settlement with holdover tenant and started construction two months after closing.
- Finished design drawings and acquired permits during negotiations
- Gut renovated 4-unit building, converting railroad style 1-bedroom apartments into 3-bedroom, 2-bath apartments with new mechanical, electrical, plumbing, high-end finishes and appliances
- Completed construction eight months after closing
- Exceeded budget, leasing and permanent financing assumptions
Investment Summary
- Gross Square Feet: 3,870 SF
- Aquisition Price: $1,800,000
- Acquistion PPSF: $465.12
Investment
Working with institutions, family offices, and accredited private investors
Astral has a remarkable pipeline of opportunities and experience to execute using our rigorous proprietary process to underwrite, design, develop, market, and stabilize. We have a successful track record and look forward to partnering with you.
Contact Investor Relations