Gut renovation, conversion and redevelopment of a 16,000 Sq. Ft. (7 floors) property situated on 23rd street between 3rd & Lexington into a 20,000 Sq. Ft. (9 floors) mixe-use condominium.
Short walking distance from Gramercy Park, Madison Square Park, NYU, Baruch College and the 4, 5, 6, N, Q & R trains.
Acquired during 2013 in JV with the developer,The Omnia Group , led by Mr. David S. Paz.
Shortly after contract signing architectural plans have been approved and property was sold reflecting over 100% IRR net of fees.
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