Recent Successes

Success with New York City Investment Properties

Here is a small sampling of recent property investments. These properties were purchased, often renovated, and then returned to the market at a more competitive time or immediately after renovation and/or combination. These properties represent our knowledge of location and timing, architecture and renovation, as well as our in-depth understanding of both residential and commercial targets. Please contact us directly for additional details on any of the properties listed below.

• Townhouse purchased between Madison and Park Avenue (low 80’s)
  Purchase price: $2.650,000
  Spent $1M in renovation
  Today’s market value: over $30,000,000

• Townhouse purchased in Hamilton Heights
  Purchase price: $1,350,000
  Four months later, received offer for $3.6M from Columbia University. Their offer was declined. They then doubled their offer.
• Cooperative Apartment purchased at 277 West End Avenue
  Purchase price: $350,000
  Spent $75K in restoration
  Sold at $1.430,000
• Apartment purchased at 300 CPW
  Purchase price: $1.800,000
  Spent $350,000 in renovation
  3 years later, received offer for $8,000,000
• Condo apartment purchased at the Ansonia, 2109 Broadway
  Purchase price: $470,000 in 1998
  No renovation done
  Today’s market value: $2,000,000
• Apartment block purchased in Des Artistes Building
  Purchase price: 2M
  Spent $750K in renovation
  Sold just 3 years later for $4,100,000
• Penthouse purchased in The Stimson House at 120 East 36th Street
  Purchase price: $120,000
  Spent $8,000 in restoration
  Sold for $470,000 in just 3 years
• Penthouse purchased at 419 East 57th
  Purchase price: $475,000
  Spent $100,000 in restoration
  Sold at $860,000