Portfolio Property

E 98t St.

Brooklyn

Date Acquired
August 2024
Type
2 Family
Square Feet
2200
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This Canarsie two-family was acquired in dated, underperforming condition and underwent a complete overhaul. Both units were reconfigured into five-bedroom, one-bath layouts, with the basement upgraded for additional utility—dramatically increasing rental capacity and long-term value.


Post-renovation, the property’s value more than tripled, delivering a 3.0x+ equity multiple and transforming it into a high-yield, market-ready asset—further reinforcing Argentum’s ability to create institutional-grade returns in residential neighborhoods.

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