Valley Stream Gardens
property information
- Valley Stream, NY
- 10 Units
- Purchased 3/10/08
- Sold 1/14/11
description
Perfectly located in Valley Stream NY, this property is blocks away from the LIRR (major train/transit throughout Long Island and NYC) and minutes to major highways, as well as major airports (JFK and LGA). This property is close to parks as well as a major shopping mall. This 10 unit building has 4 two-bedroom units and 6 one-bedrooms units.
strategy
- Implementation of capital improvements and enhancing overall appeal by replacing all windows, adding landscape features and replacing entry doors maximized rent potential.
- Unit interiors were updated as tenants relocated
- Improvements were leveraged into raised rents, which increased net revenues.
- The heating unit was replaced to make the building more energy efficient, which lowered expenses.
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