410 West 36th Street, New York, NY
Situated within the bustling Hudson Yards area, we identified an opportunity with this asset lacking retail space and primarily occupied by below market leases.
Upon acquiring the twenty-four-unit building, we renovated the common areas, renegotiated tenant leases, created two new retail spaces, significantly increasing the income. Additionally, air rights were sold to the neighboring development. Collectively these efforts stabilized the building and rendered it attractive for sale within three years.