Lower Westchester County, North Bronx. Established, well cared for buildings, with some upside potential. Limited upgrade requirements, and a cap rate of 6.5% plus. 15 units and up.
Lower Westchester County, North Bronx. Opportunistic properties that have been mismanaged, and or have clearly identifiable capital improvement needs that will increase cash flow and value.
Projected Cap rate of 10% to 12% required. 15 units and up.
Cash flowing properties in urban and first-tier markets along the east coast. Washington DC, Connecticut and Massachusetts coastal markets. Cap rate of 7.0% plus. 15 units and up, with larger preferred.