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© 2019, Astral Properties LLC DBA
All Rights Reserved.
599 Morgan Ave
599 Morgan Ave.
Gut renovated vacant building into three 4-bedroom apartments with new mechanical, electrical, plumbing, high-end finishes and appliances
Completed construction 6 months after closing
Achieved budget, schedule and leasing assumptions
Leased property at pro forma ($4,600 per 4-bed unit)
Refinanced with permanent debt, returned 25% of equity
599 Morgan, Project
Bold New York