KPP 107th Street LLC:
In 2011 KPP closed on a 20,400 square foot mixed-use building located in the Spanish Harlem area of NYC. This property presents safe dependable cash-flow since in place rents now are about 40% below free market rents. Most of the units in this building are rent-stabilized providing a dependable cash flow stream. KPP is in the process of preparing this property for a potential sale once market conditions improve and KPP is able to increase this property's cash flow and execute capital improvements that will generate a smart cost-reward trade-off.
The information contained herein is provided for informational purposes only and does not constitute, and shall not be construed as constituting or be deemed to constitute, an offer or a solicitation of an offer to buy or sell any securities or advice to buy or sell any security. In the United States, the information is intended solely for "accredited investors" or "qualified purchasers". In other jurisdictions, the information is intended solely for those qualifying under equivalent standards under the laws of their relevant jurisdiction(s). Please contact us for more information or to see if you qualify.