56th Rd

This three-story mixed-use property underwent a complete transformation, inside and out. The dated, worn facade was replaced with a sleek modern exterior, dramatically improving curb appeal and tenant perception. The top two residential floors were reconfigured from two-bedroom layouts into spacious four-bedroom residences, boosting rental capacity.

The ground-floor commercial space was secured with a long-term lease to a nursing school, ensuring stable income. Within 15 months, the asset’s value doubled, delivering a 2.0x equity multiple and a market-leading IRR—a clear example of Argentum’s ability to turn underperforming properties into high-performing, market-ready assets.