Alpha Properties Recent Acquisitions

164 South 1st

CATEGORY: One bedroom Apt in an eight family newly developed condominium in prime Williamsburg location ABOUT THIS PROJECT: Alpha Properties acquired the rights to 650 Sq Ft one Bedroom apartment in the early stages of this Condo bldg project. The Bldg was completed within three years and apt was rented quickly after producing an 8% return on investment. Alternatively, apt can be sold at a price reflecting 35% ROI in three and a half years.
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161 Jackson Street

CATEGORY: Two Bedroom Apt in a Four family residential condominium ABOUT THIS PROJECT: Alpha Properties acquired the rights to 900 Sq Ft two Bedrooms apartment in the early stages of this Condo bldg project. The Bldg was completed within two and a half years from the day purchased and apt was sold quickly after profiting over 40% ROI in less then three years.
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79 Eagle Street

CATEGORY: Two Bedroom Apt in an eight family residential condominium ABOUT THIS PROJECT: Alpha Properties acquired the rights to 1200 Sq Ft two Bedrooms two Bathrooms apartment in the early stages of this Condo bldg project. The Bldg was completed within three years from the day purchased. Apartment is now rented profiting an annual return exceeding 6%. Apt will Be sold soon with potential of 45% ROI.
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557 Fairview Avenue

CATEGORY: Four family building ABOUT THIS PROJECT: This two story four unit building comprised of 3000 Sq Ft got complete rehabilitation with top quality renovations. All four apartments are rented with cap rate exceeding 6% ROI.
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1070 Seneca Ave

CATEGORY: Five apartments + one store ABOUT THIS PROJECT: This six units three stories building (five apartment + one store) is a corner brick property located in the heart of Ridgewood, queens. After acquisition Alpha vacated the apts, renovated and property is producing 6% ROI and appreciated 40% in value after 15 months.
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1595 Lexington Avenue

CATEGORY: Four residential apartments ABOUT THIS PROJECT: Bulk purchase of four residential apartments totaling at 2400 Sq Ft. Newly constructed Condo bldg comprised of 40 apartment. All four apartments are rented with cap rate exceeding 6% ROI.
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350 East 19th Street

CATEGORY: Eight family building ABOUT THIS PROJECT: The subject property is a five story brick residential building comprised of 8 apartments totaling 4975 sq ft. Built 20' x 47' with additional 550 Sq Ft of buildable FAR. All eight apartments were rented with cap rate of 4% ROI.
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