268 West 91 Street

268 West 91 Street

INVESTMENT OVERVIEW

132 Macon Street is a 4-story building with 6 residential units, which was purchased by Avenues Equity Partners. for $1.57M. Avenues Equity Partners. had and invested approximately $330K  for renovating the building which included the renovation of all 6 apartments, as well as the common areas, basement, and roof. The renovations were completed in the summer of 2020, and all 6 apartments had been rented. Refinancing is completed, market value of the building is $3.3M. 

condominium, providing 4 luxury residential units and a large retail space on the ground floor. The cost of the project is projected to be $7.5M. The apartments and the retail space are expected to yield $12.5M in sales.