Our Projects
Beacon Hotel and Restaurant, NY
Acquisition Date: 2015
Initial Condition: Fully occupied rooming house
In 2016, a comprehensive transformation of the Beacon Hotel and its restaurant began, in partnership with the acclaimed Clodagh Design. The renovation redefined the property to embody the elegance and warmth of the Hudson Valley.
Restaurant Opening: January 2017
Hotel Opening: May 2017
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Each hotel room was designed with meticulous attention to detail and comfort, creating a space where guests feel both luxury and warmth. Since opening, the Beacon Hotel and restaurant have become sought-after destinations, celebrated for their distinctive design, welcoming ambiance, and memorable guest experience.
23 E 127th St, Manhattan
Acquisition Date: July 2021
Purchase Price: $1,400,000
Property Size: 3,700 sq. ft.
Renovation Cost: $850,000
Construction began in January 2022 and completed in April 2023. By internally managing the project and hiring subcontractors directly, renovation costs were kept well below competitive quotes ranging from $1.3 million to $1.6 million.
Projected Selling Price: $3,450,000
Holding Strategy: The property is expected to be held until late 2025/2026 to capitalize on above-average revenue generated through Airbnb rentals, long-term leasing, and film production rentals.
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This project benefits from diverse income streams, maximizing revenue while awaiting optimal market conditions for sale.
1324 Bergen St, Brooklyn NY
Acquisition Date: April 2015
Purchase Price: $880,000
Total Square Footage: Initially 2,400 sq. ft., with an additional 600 sq. ft. added
Renovation Cost: $400,000
The renovation involved a complete gut and rebuild of the property, including a 600 sq. ft. expansion, a new deck off the master bedroom, and a landscaped backyard. The façade was also fully restored. By managing the project internally and hiring subcontractors directly, costs were kept significantly below the competitive quotes of $600,000–$720,000.
Permit Timeline: 1.5 years due to landmark requirements and Department of Buildings approvals for the extension
Total Project Duration: 3 years (including permits)
Sale Price: $2,100,000 (May 2021)
Profit: Approximately $600,000 after taxes and fees, with potential deferral options through tax exchange programs
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This project demonstrates a strong ROI, achieved by efficient cost management and strategic improvements that added substantial value to the property.
438 West 20th St, NY
Acquisition Date: October 2003
Purchase Price: $1,850,000
Total Square Footage: Originally 4,200 sq. ft., with an additional 700 sq. ft. added
Initially a rental property, this building generated steady cash flow until 2012, when a major renovation began. The project involved a complete gut and rebuild, including new front and back facades, the addition of two decks and a landscaped backyard, and the installation of an elevator to serve all six stories. With internal management and direct subcontractor hiring, renovation costs were held to $1.2 million, well below external quotes of $1.8–$2.1 million.
Renovation Duration: 1.5 years
Sale Date: January 2015
Selling Price: $7,800,000
Profit: Approximately $4.5 million after commissions and fees
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The project benefitted from significant appreciation over 12 years, delivering a substantial return on investment and showcasing the property’s high-value transformation.
311 West 74th Street
Acquisition Date: March 2007
Purchase Price: $4.7 million
Total Square Footage: 6,800 sq. ft..
This project involved an intricate and time-intensive restoration to preserve the property’s original features, including 8 fireplaces, a wood-paneled library, and historic moldings on three floors. By managing the project internally and hiring subcontractors directly, renovation costs were controlled at $750,000, well below quotes of $1.1–$1.4 million.
Renovation Duration: Nearly 2 years, completed in May 2009, amid the U.S. recession
Renovation Highlights: Complete restoration of floors, fireplaces, and windows; new bathrooms and kitchens; full façade restoration; addition of a rooftop deck with outdoor kitchen; and installation of central air and updated infrastructure.
Following the renovation, the property was occasionally rented to Food TV, NBC, HBO, and other productions, adding a unique revenue stream.
Sale Date: May 2011
Selling Price: $8.65 million
Gross Profit: Approximately $3.2 million
This project delivered a strong return on investment despite challenging market conditions, showcasing the value of high-quality restoration work in a prime location.
312 East 18th Street
Acquisition Date: January 2005
Purchase Price: $2.1 million
Total Square Footage: 4,000 sq. ft.
The property underwent a complete transformation, including new bathrooms and kitchens, restored floors and windows, a fully renovated façade, and the addition of a rooftop deck with an outdoor kitchen. By managing the project internally and hiring subcontractors directly, renovation costs were held to $350,000, significantly below quotes of $500,000–$550,000.
Selling Price: $4.25 million (February 2007)
Profit: Approximately $1.8 million after taxes and fees, with potential for tax deferral through exchange programs
This project achieved a strong return due to both sharp market appreciation and the high quality of renovations, showcasing the property’s enhanced value and appeal.
