Portfolio Property

Hennessy Pl

Bronx

Date Acquired
Apr 2023
Type
5 Family
Square Feet
3300
No items found.

This corner two-family in the Bronx was acquired in severely dated condition and underwent a full-scale renovation.


The original three-bedroom/two-bath configuration was reimagined into a five-bedroom/five-bath layout, significantly increasing rental capacity. The basement was also activated for additional utility, further enhancing the property’s functionality.


The project delivered a successful refinance at nearly double the acquisition basis, achieving a strong equity multiple and securing the asset as a stable, income-producing property in a high-demand Bronx location.

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