COMPLETED PROJECTS
Garabrant
121 Garabrant Street | Jersey City, NJ 07304
80-unit new construction, market rate residential apartment building. Obtained $14.75MM in bank financing and $5MM in equity financing to acquire and develop 18,000sf parcel of land. Obtained all municipal approvals. Project stabilized, permanent financing in place
Baker Building
234 Suydam Avenue | Jersey City, NJ 07304
83-unit new construction, market rate residential apartment building. Obtained $14.8MM in bank financing and $4.8MM in equity financing to acquire and develop a 32,000sf vacant factory and adjoining parking lot. Demolished existing structure, conducted environmental remediation, and obtained all municipal approvals for project including along term tax abatement. Project stabilized, permanent financing in place
Mill Rocks
361 Newark Avenue | Jersey City, NJ 07302
Obtained $7.4MM in bank financing and $3.3MM in equity financing to acquire a 22,000sf vacant lot. Obtained major site plan approval to build a 5-storey, 39-unit residential apartment building. Project complete and fully occupied. Obtained $11MM in permanent financing. Building SOLD August 2022 for $17.55MM
68 Erie Street
68 Erie Street | Jersey City, NJ 07302
Obtained major site plan approval for a minor subdivision and construction of a 5 story, 12 unit residential condominium building. Obtained all construction permits and approvals; sold parcel and approvals with gross revenue of $1.87MM.
95 Montgomery Street
95 Montgomery Street | Jersey City, NJ 07302
Reconstruction project converting former factory into an 18-unit building with ground floor commercial. Obtained $3.35MM in bank financing and $2.1MM in equity financing to acquire 20,000sf vacant factory. Project consisted of gut rehabilitation of existing structure and addition of 5,000sf new construction including the addition of a sixth story to the building. Project sold in 2018 from $10.75MM generating a total return of 349% over the life of the project.
229 Third Street
229 Third Street | Jersey City, NJ 07302
Reconstruction and condominium conversion of 8-unit historic row home. Obtained all required municipal approvals and permits. Obtained $1MM in bank acquisition and construction financing; raised $700,000 in investor equity. Eight of eight units sold with gross revenues of $2.21MM.
200-208 Street
200-208 Street | Jersey City, NJ 07302
Reconstruction and condominium conversion of four, 8-unit historic row homes. Obtained all required municipal approvals and permits. Obtained $5MM in bank acquisition and construction financing; raised $1.6MM in investor equity. All 32 units sold with gross revenues of $9.5MM.​
208 Seventh Street
208 Seventh Street | Jersey City, NJ 07302
Renovation and condominium conversion of 8-unit historic row home. Obtained all required municipal approvals and permits. 8 units complete and sold. Gross sales of $1.6MM (2 hold over protected tenants in remaining 2 units sold to investor at discount).
131 Kensington Ave
131 Kensington Ave | Jersey City, NJ 07304
Renovation and condominium conversion of a 38 – unit historic building. Obtained all required municipal approvals and permits for renovations and State approvals for condominium conversion. Gross sales to date (21 units): $4.168MM.​
340 Fairmount Ave
340 Fairmount Ave | Jersey City, NJ 07306
Renovation and condominium conversion of a 54 – unit historic building. Obtained all required municipal approvals and permits for renovations and State approvals for condominium conversion. Project complete with gross revenues of $7.242MM.​
60 Erie Street
60 Erie Street | Jersey City, NJ 07302
Renovation and condominium conversion of an 18 – unit historic building, former schoolhouse. Obtained all required municipal approvals and permits for renovations and State approvals for condominium conversion. Project complete with gross revenues of $6.86MM.
200 Sixth Street
200 Sixth Street | Jersey City, NJ 07302
Reconstruction and condominium conversion of 8-unit historic row home. Obtained all required municipal approvals and permits. Obtained $960M in bank acquisition and construction financing; raised $400,000 in investor equity. Eight of eight units sold with gross revenues of $2.175MM.
324 Fourth Street
324 Fourth Street | Jersey City, NJ 07302
4-unit reconstruction project. Awarded $700M HUD grant to create 4 units of affordable housing.