Case Studies

Aspen Equities has completed an array of successful real estate development and investment projects over the past fifteen years, including ground-up multifamily construction, ground-up condominium construction, condo conversion, fix-and-flip, and acquisition and management of cash-flowing properties.

NEW CONSTRUCTION MULTIFAMILY

The Lawrence

Prospect Lefferts Gardens, Brooklyn, NY

 

520 Parkside Ave and 111 Clarkson Ave, known together as The Lawrence, are a new two-building residential complex in an up-and-coming neighborhood. The buildings comprise a total of 50 rental units and include many amenities, including a shared roofdeck with BBQ station, 850 SF fitness center, and a double-height tenant lounge. Units include studio, one-, two- and three-bedroom apartments, and nearly all have outdoor space. The project leased out in 2018 and achieved rents higher than most other new construction in the neighborhood. The project was a joint venture with Rezo Holdings.

RENOVATION AND CONDO CONVERSION

392 Dean Street

Park Slope, Brooklyn, NY

 

392 Dean Street, a two-unit condo conversion, was a complete restoration and expansion of a circa 1865 wood-frame townhouse. The building facade restoration employed hand-cut slate, copper flashing, and painted cedar clapboard. The two units sold were each approximately 2,000 square foot, and included wide-plank hand-edged white oak flooring, custom walnut cabinetry, and ultra-high efficiency HVAC. Construction was completed in 8 months, and the units sold out in 6 weeks.

NEW CONSTRUCTION TOWNHOUSE

319 Fourth Street

Park Slope, Brooklyn, NY

 

Upon completion, this luxury two-family brownstone was the first new brownstone built in Park Slope in decades. The project focused on environmentally sustainable building techniques and materials, including a solar thermal water heater, EnergyStar appliances and HVAC, and low VOC paints and adhesives throughout. Construction was completed in 8 months, and the project was profiled in the Wall Street Journal. The project was developed as a joint venture with the property owner, and sold in 6 weeks in the upper reaches of prices for homes in Park Slope.