565-575 Broadhollow Road, Farmingdale, NY
- Purchased two adjacent office/warehouse buildings in disrepair for $70 PSF in 2005 (126,000 SF and 20,000 SF)
- Brought occupancy to 95% after extensive renovations and subdivision of the larger building; generating positive cash flow during the market downturn (2008-2010)
- In 2011, sold the 20,000 SF building to an existing tenant
- Sold remainder of building in 2016 to a partner
- Generated solid returns to partners
