917-246-7750
info@ajfinvestments.com
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CALL US TODAY · 917-246-7750
4 unit rehab project, located walking distance to downtown Albany and Albany Medical Center. Renovation completion expected early 2025. After refinance, this development will generate $90,500+ in annual rental income for the firm.
AJF Real Estate Investments first ground up development. 2,300+ square foot residential lake home, located just outside of Hudson, NY. Estimated completion Mid-2025.
Historic 3 unit building built in the 1870’s in the Center Square neighborhood of Albany, NY. The property has 4 total bedrooms, 3 bathrooms, a large back yard and is directly across the street from Lincoln Park. Once renovated and stabilized, the property will generate over $53,000 in gross rent. Best yet, the property was purchased below market value, allowing us to add $75,000 in equity with only a small renovation.
Estimated 20% CoC return after refi
Historic 2 family AJF Real Estate Investments has purchased with plans to fully gut and flip. The project requires about $110,000 in work and will consist of a new roof, new kitchens and baths for two apartments, new windows and new heating systems.
Estimated 35% CoC return in year 1
12 units spread across two historic buildings within walking distance to the state capital. The property also includes 6 developable lots which we will develop in the next few years after we stabilize the main buildings. The stabilization includes three apartment built outs, maximizing the bedroom count and increasing rents to market rates, which will increase the rent roll 55% from when we purchased.
Commercial apartment building that produces $6,000 net monthly cash flow
HIstoric side by side 2 family properties, containing 2 1-bedrooms on the ground floors, 1 2-bedroom and 1 3-bedroom. Both upper units are duplexed, with views of the New York State Capitol building. Each unit was recently renovated by AJF Real Estate Investments is spacious, comes with private outdoor space and in-unit laundry. The project is currently half down, and the estimated ROI is 150% after refinancing.
Commercial apartment building that produces $4,500 net monthly cash flow
Ivy covered 2 family brick townhouse purchased by AJF Investments and associates in February, 2020. This newly renovated home now collects $30,000+ in annual net profits. AJF Investments also installed solar panels on the property to better serve the environment and help offset the electricity needs of the property.
25% CoC (Cash on Cash) return in first year
Brick faced 2 family townhouse located in central Mott Haven. This investment was purchased by AJF Investments and associates in September, 2021, and currently 100% leased. The handsome property producing $29,000+ in annual net revenue. Solar panels have also been installed on this property to reduce our properties overall environmental footprint and reduce the total energy costs down 90%. 7 bedroom, 3 bath, 2280 SF.
44% CoC (Cash on Cash) return in first year
Newly updated 4 bedroom, 2 bath Cape Cod style home, located on a quite leafy street in Flossmoor, IL. This property was purchased by AJF Real Estate Investments in February, 2021 and was fully renovated allowing us to maximize the rental potential of the property. Currently leased to a Section 8 tenant, the house collects $2,759 monthly, giving AJF and its investor a $9,600 annual net, not including principal paydown, which adds another $2,000+ of value.
Single family homes that produces $1,100 net monthly cash flow
Was fully renovated within two months, and included two new kitchens, three new bathrooms, new flooring and painting throughout. The renovation added $100,000 in extra equity for our investors. Purchased by AJF Real Estate Investments in June, 2022, the property is now fully rented and producing $84,000+ in gross rent. Solar panels will be placed on the roof helping our portfolio minimize its environmental impact.
12.5% CoC (Cash on Cash) return in first year
Founded by Andrew Freerks in 2014 during the last year of his Urban Planning graduate program, AJF Investments was envisioned as a real estate firm, which understands all the major aspects of real estate including city planning/ zoning, financing, construction and brokerage.