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19 West 8th Street New York, NY

Property Overview
Mixed-use building located on West 8th Street between 5th avenue and McDougal Street.

Investment Overview
JMC executed an extensive renovation of the entire property, including all apartment units, building common areas, the retail store and building systems. JMC’s repositioning of the asset nearly doubled the building’s NOI before its eventual sale.

Property
8,500 SF mixed-use building

Acquisition Date
August 2011

Purchase Price
$4,925,000

Sale Date
June 2014

Sale Price
$10,250,000

Strategy
Opportunistic – complete repositioning

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