West 49^th is a five-story walk-up apartment building comprised of 20 rent stabilized apartments situated in the heart of Manhattan’s Hell’s Kitchen.  The building was suffering from severe deferred maintenance upon closing in March of 2016.  Since then, BH3 has made extensive building-wide capital improvements, including gut renovating vacated apartments, which has increased rent revenue dramatically and improved quality of life for the entire building.

Strategy: Value-Add Opportunity