Property Description

2 Prime Corners 78-Unit Elevator Multi-Family Buildings consisting of 76 Apartments + 2 Retail Commercial units in a 2-contiguous Building Portfolio. 2249 E 21st Street has 47 rent-stabilized residential units and a 3,000-square-foot daycare facility. 2113 Avenue V has 29 rent-stabilized residential units and a 500-square-foot deli. The buildings were recently upgraded, are fully occupied, and well-maintained. The buildings offer stable income in a sought-after location, have high tenant retention, and strong rental demand. The area provides easy access to public transportation, local amenities, and major thoroughfares. Transaction Type: Distressed Multifamily Restructuring & Debt Buyout Represented an exclusive seller facing imminent foreclosure on a portfolio of vintage multifamily properties. By widely marketing the assets in a high-pressure environment, I sourced an institutional-quality private equity investor and orchestrated a highly complex distressed transaction. Structured the discounted acquisition of defaulted mortgage debt, navigated the multifaceted workout and transfer of control, and successfully negotiated a closing that rescued the client and preserved significant equity for the owner.