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Hayes Court - Value-Add Multifamily Opportunit

Jackson Heights, Queens, NY, United States

Short Summary

Approximately 55,000 sf oversized multi-family residential property in Jackson Heights, Queens. Consists of two mirrored buildings that house 56 residential units and 6 commercial suites (62 units).

Highlights

  • 20.4% IRR and 2.1x money multiple with no inflation per bedroom
  • Upside scenario - rent/bedroom increase 10%, IRR would be 27.2% and money multiple of 2.55x
  • Local population is set to vastly outstrip supply
  • 30 minute commute into Grand Central Station Manhattan

Overview

Property Type
Residential, Commercial
Number of Units
62
Overall GDV
£39,155,136
Duration
24 Months
Equity Req
£3,700,000
Min / investor
£100,000
Total Returns
20.4 %
Annual Return %
10.20%
Please note: The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

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