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Steven A. Kirschenbaum of Madison Advisory Group Repositions 2 East Village Multi-Family Properties
According to Steven A. Kirschenbaum, principal of Madison Advisory Group, who directed the repositioning program of these 2 multi-family properties, “The repositioning program, which included a capital improvement program that comprised refacing of both buildings front facades, installation of new entrance ways, and redecoration of the entrance vestibules and common corridors. At one of the properties, the renovation work included the conversion of a former underutilized street level retail space into a full floor maisonette with access to the rear yard now converted to a garden, and the renovation and upgrade of various apartments. The repositioning program concluded with a leasing program that, over an 18 month period, resulted in a nearly 45% increase in rents.”
Madison Advisory Group LLC, founded in 2006, is a New York City-based commercial real estate advisory firm. Steven A. Kirschenbaum works with private owners to acquire, develop and manage core and core-plus multi-family property investments in the New York City area.
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About Steven A. Kirschenbaum:
Steven A. Kirschenbaum serves as an advisor to real estate owners for the past 25 years in all aspects of the acquisition, development, construction, management, leasing and sales of multi-family residential properties. Steven A. Kirschenbaum received a law degree from the University of Collge of Law and Brooklyn Law School and an undergraduate degree from the School of Management (now known as the Whitman School of Management) at Syracuse University.
Learn more about Steven A. Kirschenbaum at http://www.stevenkirschenbaum.com