Hudson Hill Partners

We recently completed the sale of one of our first investments - an age-restricted (55+) housing complex in Rye Brook, NY. The complex was built in the late '90s, and was in need of some basic upgrades as well as enhanced rent management. By the end of our five year ownership, property value increased by 80%, well above underwriting. We're delighted to have returned 2.92x our investors' equity investment, working out to a c. 38% avg annual return.

Happy to be sharing a short highlight video of a recent multifamily investment we completed. Plenty of before / after shots to get a sense of our typical property repositioning. We continue to replicate this model throughout NYC's northern suburbs. Get in touch if interested in learning about new opportunities we're working on: [email protected] or send us a direct message.

We have had a busy summer with multiple simultaneous renovations occurring throughout our properties. Here are some before-and-after shots from one of them in downtown Hastings-on-Hudson. We called this one ‘the house of doors’ with its chopped up layout and the excessive number of walls / doors for a one bedroom apartment. We removed FOUR doors and two walls, turning this into a spacious open plan concept unit. Low cost, high impact. Bringing these old floors back to life and removing the kitchen linoleum also went a long way. The unit was leased within two days at asking rent to a young couple moving from NYC. #beforeandafter #renovations #westchester #northofnyc #realestate #propertyinvestment

We recently closed on a three-building multifamily portfolio in Tarrytown, NY. The properties are historic and irreplaceable with original wood floors / moldings, high ceilings, etc. Our business plan includes the careful renovation of the units to provide ‘affordable luxury’ apartments in a downtown setting. The portfolio had been owned by the same owner for over 40 years and was acquired off-market at a 7.4% cap rate. The acquisitions add to another four assets we already own within a 1-mile radius allowing us to work off our existing operational infrastructure and local market knowledge. Look forward to showing you all the progress here! @ Tarrytown, New York

We’re starting to see some real ‘green shoots’ here in Westchester as we begin to re-open, and none more visible than TWO new retail tenants opening at our Main St property in Hastings-on-Hudson. Both of these tenants signed leases prior to the COVID crisis but are still moving ahead quickly to opening their doors. Please check them out and get ready to welcome them to the neighborhood: @refillroomhastings @diriso_official @ Hastings-on-Hudson, New York

It’s amazing what a little paint and a lot of power washing can do for a property. We sold this 17-unit building property in 2018, repositioning it by upgrading common and exterior areas, renovating over 50% of the units, as well as adding laundry and parking as new revenue streams. It returned a 28% net levered IRR and 2.6x EM to our investors over the four year hold period.... __ #destinationhastings #realestate #westchester #hastingsonhudson #hudsonvalley #investmentproperty #mainstreet