105 Ralph Avenue
Royalton sources value-add opportunities in many different ways - and capitalizing on distressed debt opportunities is one way that sets Royalton apart.
105 Ralph Avenue is a mixed-use building located in an emerging neighborhood of Bedford-Stuyvesant in Brooklyn. Royalton acquired the property via a bank short sale and converted it to residential apartments targeted to millennials. After leasing the apartments at record highs for the neighborhood, Royalton sold it shortly after stabilization.