Midtown West Walkup Portfolio
404 W 56th St., New York, NY 10019
Acquisition Date: 5/13/22
Project Highlights
510 Units in Manhattan
Partnered with UHNW family to recapitalize, refinance, and restructure the ownership
of this $300M apartment building portfolio.
Non-recourse guarantor of $183M structured loan designed to execute a $25M renovation
plan across the portfolio.
Handling all aspects of property, construction, and regulatory management.
Net Operating Income is expected to double over 36 month time frame TO $14M.
Overseeing all financial reporting to structured and securitized lender.
Managing $25M construction loan across 31 buildings in Manhattan.
Executing the business plan, one apartment and one decision at a time.