162 Park Ave, East Orange

Date:08 Jun, 2016

Client:Citibank

162 Park Ave, East Orange

Prior to the appointment of Dubrow Management by Citibank, this residential property was at 40% occupancy, and was run down due to:

  • lack of adequate maintenance
  • numerous municipal & state code violations
  • squatters in the building
  • Aesthetically distressed

We used the cash flow from the building to make necessary improvements and bring the building up to full occupancy.

As a result of our efforts, the building was then sold at a price above the lender’s expectations.