News: Brokerage

K&R Preservation acquires two affordable multi-family properties

119 Columbia Street - City of Hudson, NY

 

20 Columbia Street - City of Hudson, NY

 

City of Hudson, NY K&R Preservation, a New York City-based multi-family housing development firm owned and operated by its CEO, Brian Raddock, acquired and rehabbed two affordable rental properties located in Columbia County. In addition to acquiring the Providence Hall and Schuyler Court Apartments, located respectively at 119 Columbia St. and 20 Columbia St., K&R will rehabilitate all of the properties’ 152 units, consisting of 100 senior units, 50 multifamily Section 8 units, and two manager units.

The planned 12-month rehabilitation will be $45,000 per unit, or $6.75 million total.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of