In June 2019 we purchased an empty building containing 19 residential units in the Bedford-Stuyvesant neighborhood in Brooklyn. Just a few steps away from the G Train stop.
We have completed renovating the building and upgrading the common areas. Lafayette contains 17,800 square feet of gross building area and is situated on a 5,000 square foot parcel in an R6B zone.
The final product includes 16 apartments which will be operated by Outpost Co-Living into 67 Bedrooms. We acquired this property in June 2019 and lease up will begin July 2020.