King Penguin Properties KPP
King Penguin Properties has investment property and distressed fund properties in New York.
Michael Mikelic
Michael Mikelic, President/CEO of New York's King Penguin Properties, has extensive experience in commercial and residential property. Michael Mikelic also acquires multi-family, plus parking & storage spaces.
King Penguin Properties, KPP New York Real Estate, Investment Property, Distressed Fund, Michael Mikelic
We have investment property and distressed fund real estate in New York. Investment property is for Investors seeking commercial and residential investment real estate. We also have distressed fund properties.
KPP Distressed Properties, Distressed Fund
Looking for Investment property and distressed fund property? King Penguin Properties has the investment property and distressed property you are looking for.
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New York City Multi-FamilyNew York, NY
KPP owns minority interests in 123 units located in the Harlem Heights and Inwood neighborhood located in Upper Manhattan. KPP is in the process of adding to more multi-family buildings located in Manhattan. KPP is bullish on the prospects for units located in upper Manhattan, as these units usually offer appreciation potential as well as good current income. Deals that KPP looks to take a stake in usually offer a 7% cap rate or higher. KPP is now in the process of purchasing more minority stakes in NYC based properties and also to purchase buildings that KPP will maintain operational control through our property management team.
