REAL ESTATE
Forging new paths toward opportunity
RESIDENTIAL | OFFICE | MULTIFAMILY & MIXED USE | DISTRESSED ASSETS
As part of a strategy instituted in late 2012 Appian Real Estate began to evaluate $25-$50 million mixed-use buildings in New York City and Brooklyn with existing cash flow and upside over a 5-10 year holding period. 643-647 9th avenue was an off-market transaction where a family had owned the property for over 40 years.
As part of a strategy instituted in late 2011 with Bill Scully of Cashel Advisors to focus on residential development in New York City, Appian Real Estate came across this development site through Dan Hollander of DHA Capital.