The Subject Property was built in 1917 and sits on a 45,253 SF, or 1.04-acre parcel of land, with a gross building square footage of 32,542 of which 31,250 is rentable. The Subject Property is zoned RM1. The property is comprised of 15 studios, 28 one beds and 3 two beds. The average unit is 679 square feet. Lastly, the Subject Property has an existing 37-spot gated surface parking lot; the sponsors believe the lot can be reconfigured to allow for additional parking spaces.
RESIDENTIAL: 47 Units
PARKING: 38 Spaces
PROJECTED REFINANCE YEAR: 2019
ANTICIPATED COMPLETION: 2019
AMENITIES: 24/7 Fitness Facility, Private Parking