Portfolio Property

Sutphin Blvd

Queens

Date Acquired
May 2022
Type
Mixed-Use (Residential/Retail)
Square Feet
2200
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This two-story mixed-use property followed the same value-add strategy as 211-75 Jamaica Avenue: reconfiguring the existing layout to maximize residential and commercial income potential.


The retail space was leased to a stable tenant, and additional residential capacity was created above, boosting the building’s overall yield. The repositioning has significantly increased both income and asset value, delivering a strong equity multiple and proving the repeatability of Argentum’s urban infill strategy.

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