118 Jay Street
Top to bottom renovation yielded 16 superior quality 1 bedrooms that rented for 20-30% more than our 2015 lender pro-forma. As a result of this the permanent financing returned 100% of capitol. This project perfectly illustrates our philosophy of buying assets at the heart of rapidly gentrifying urban areas where possible.
118J is a 16 unit building centrally located in downtown Schenectady which has been lovingly restored to its former glory. Great care has been taken to preserve what could whilst adding modern conveniences and safety features. Each residence features original details such as refinished heart pine flooring and solid porcelain soaking tubs.
The stand alone nature of this five story building ensures that all apartments get plenty of direct sunlight and offer outstanding views of city hall, downtown and the hills beyond. We offer an outstanding location with the bi-weekly green market right out front and only one block to State St. with all the attractions it has to offer.