977-983 Stuyvesant Avenue

  • Location: Stuyvesant Corridor, Irvington, NJ
  • Style: Two-Story Garden Apartment
  • Acquired: 2Q17
  • Stabilized/Light Value-Add
  • We acquired this asset, which already had all non-revenue generating cap-ex completed, for an attractive price in a strong and improving submarket with the goal of expanding our footprint and adding to exit aggregation value for our investors. Although stabilized, rents are up materially since acquisition and will continue to grow as this market improves.