Case Study | Clarendon Gardens

IRR
Equity Multiple
AVG Cash on Cash

18.49%
2.81x
10%
‍*Assumes a 6% Cap Rate on Sale

‍Strategic Investment and Revitalization

Clarendon Gardens presents a compelling case study in strategic investment and revitalization within the East Flatbush area of Brooklyn, NY. Acquired in 2015 for $32.5 million, this sprawling 224-unit multifamily asset offered immense potential for value enhancement.

The property's strategic location, appealing to the working-class population due to its proximity to public transportation yet maintaining a serene ambiance, laid a strong foundation for investment success.

The comprehensive renovation plan, encompassing improvements to public spaces, roofs, facades, and building systems, coupled with the renovation of over 100 residential units, aimed to reinvigorate the complex after decades of neglect.

With an additional investment of over $2 million within the first eighteen months, the project showcased a commitment to realizing the property's full potential. Notably, the prolonged lack of renovation in the area presented an opportunity for rental repositioning, further augmenting the investment's attractiveness.

Through diligent planning and execution, Clarendon Gardens emerged as a testament to the transformative power of strategic investment in real estate.

Zion Equities is a vertically integrated company. This allows us to optimize efficiencies, reduce costs, and maximize returns for our investors. It also enables us to adapt quickly to market changes, implement strategic improvements, and capitalize on new opportunities as they arise.

Acquisition

Repositioning

Development

Asset Management

Property Management

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Work With Our Exceptional Talent

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At the heart of our success lies a remarkable journey from humble family beginnings to a proven track record of investment and management excellence. Our transformation from a modest family-owned enterprise into a distinguished real estate company sets us apart. Through strategic vision and relentless dedication, we’ve not only preserved our values, but also positioned the company as a frontrunner in the industry.

Lav Bauta

Founder, Managing Partner

Real Estate Executive with broad based skills and experience encompassing over 15 years of applied strategies.

Izzy Bauta

Founder, Managing Partner

Real Estate Executive with over 13 years of experience in steering operational excellence and implementing strategic initiatives.

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