1656 Dekalb Ave

investment details

Property Type: Residential Rental Building/6
Neighborhood: Bedford–Stuyvesant, Brooklyn 
Updates: Renovation and rented.
Refinancing expected in Q1 2021   
Completion Date:  

investment overview

East Group Capital (“EGC”) purchased 1656 Dekalb Ave in 2019, for the price of $1,35M. The building was purchased with three out of the six apartments vacant. EGC will invest approximately $200K in high-end renovation and upgrades of the 3 vacant units, the common areas, the basement, and transform the roof to a terrace garden for the usages of the residents. The 3 upgraded units have been rented at top market value rates. The first building refinancing is expected to be completed in Q1 2021. 

Ready to Invest with EGC?

If you ready to invest in one of our future projects or have question about any of our current one, please contact us below. One of our staff will get back you as soon as possible.

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