1656 Dekalb Ave
|Property Type:||Residential Rental Building/6|
|Updates:||Renovation and rented.
Refinancing expected in Q1 2021
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.