434 East 83rd Street

Location:

New York, NY

Acquisition Date:

September 2007

Size:

9,100 square feet

Asset Type:

Residential

Opportunity:

Madison acquired this 25 foot wide, 5-story walk up mostly vacant and underperforming. Madison renovated the building’s 21 studio/1BR apartments and created stabilized, positive cash flow. Upon full stabilization, Madison sold the investment in July 2012.