203 W 144 Street New York, NY

203 W 144th Street is a 14,000 square foot multi-family building in Central Harlem, twenty minutes north of Midtown Manhattan. Post acquisition in 2013, Synapse set into motion sweeping renovations on the building façade, front entrance, common areas and building mechanical infrastructure, precipitating a 50% increase in market-rate rental fees. Synapse exited this investment in 2015 with a competitive deal-level internal rate of return.

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