532 W 152 Street New York, NY

532 W 152 Street is a 10,000 square foot tmulti-family building in Hamilton Heights, twenty minutes north of Midtown Manhattan. Post acquisition in 2015, Synapse set into motion sweeping renovations on the building façade, front entrance, and security infrastructure, precipitating a 42% increase in market-rate rental fees. Synapse exited this investment in 2015 and achieved a 29% deal-level internal rate of return.

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