Greenstone Partners is pleased to announce the successful sale of 1453 N. Talman, a modern mid-1990s construction multifamily asset offering below-market rents and clear cosmetic value-add upside.
Originally acquired by a local investor in the early 2000s, the property was meticulously maintained for more than 22 years. The building features oversized layouts, including two (2) 3 Bed / 2 Bath units, one (1) 2 Bed / 2 Bath unit, and one (1) 2 Bed / 1 Bath in-law garden unit. Interior features include separately metered utilities, standard rental finishes, dishwashers, building laundry, and garage parking.
The buyer was attracted to the opportunity for its value-add potential, with a game plan focused on modernizing the units and legalizing an additional ADU, providing immediate and meaningful value creation.
Greenstone Partners’ Jacob Goldstein, Jordan Multack, and Alexander Tychalski led the exclusive marketing process, representing the seller. The team had the pleasure of working with a repeat buyer and successfully moved the deal from contract to close in just 35 days.