
60 Elm Street
Historic four-unit building in Albany's Mansion District, with excellent mechanicals ready for a cosmetic rehab and doubling of rents.
Purchase Price: $260,000
Capital Fund: $100,000 CapEx, with $50,000 reserve
Returns: 100% of Capital within 6-8 months
Cash Flow After Reversion: 10%
Split: 80% LP, 20% GP
Overview
Investment Highlights
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High investor activity - in this neighborhood there have been 6 residential sales, 4 commercial sales, and 22 multifamily sales within a .2 mile radius since Jan 2021.
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Hattie's Restaurant - A popular creole restaurant in Saratoga Springs is opening up a second location in the old Lombardo's Restaurant, which is a great sign for free future appreciation. Located at 121 Madison Ave.
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A new supermarket is going in at the old McDonald's Location, which is another sign of massive future growth and free appreciation.
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Only .1 miles from the renowned Cafe Cappricio
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Located across the street from the Governer's Mansion
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We already own another building next door, which has had a successful project
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9Ft Ceilings
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Timeless historic architecture, with a possibility for historic tax credits
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Quickly appreciating location

Fees and Distributions: Ownership reflects a 80% split to investors, and 20% split to sponsors.
Attorney: Aaron Goodman, Nussbaum Law Group, PC, 1211 6th Ave, New York, NY 10036
Sponsors: Nochum Rabin and Wesley Sherow
Financial Summary
Description | |
Location | 60 Elm Street |
Project Type | 4 Unit Cosmetic Rehab |
Acquisition and ARV | |
Purchase Price | $260,000 |
Renovation Cost | $100,000 |
Renovation Reserve | $50,000 |
After Repair Value | $594,610 |
Refinance Proceeds | $445,957 |
Cash Flows | |
Income | |
Residential Income | $60,000 |
Short Term Rental Income | $24,000 |
Total | $84,000 |
Expenses | |
Tax | ($6,901) |
Property Management | ($4,560) |
Water | ($300) |
Utilities | ($600) |
Insurance | ($3,500) |
Repairs & Maintenance | ($3,600) |
Total | ($19,461) |
NOI | $64,539 |
Debt Service | ($30,385.18) |
Cash Flows (Post-Refi) | $34,153.82 |


















Two Doors Down
Here's what another local developer just completed two doors away
Comps
This is a small collection of similar properties that sold on or about at the ARV we are projecting on this project.
About Albany
There are some interesting factors that make Albany a great investment location.
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Albany is not a cyclical market but has always provided solid cash flow due to the amount of local colleges, hospitals, and government jobs.
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One hour from the Adirondacks, a couple hours from Boston, NYC, Montreal.
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Cost of living is low (and thus cost of hiring, doing business, etc.) here is low compared to other cities.
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Regeneron has a major presence here, including the Nanotech programs, Globalfoundries, and other big industries.
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Movie production is becoming increasingly prominent in the capital region, and is a burgeoning industry.
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There are underdeveloped regions in Albany that see a clear expectation for future development, so capturing appreciating markets is relatively predictable, if not inherently stable locally.

Terms & Conditions
This summary is for informational purposes only and does not constitute an offer to sell any equity interests. Offers will only be made to prospective investors by delivery to them of an execution copy of a limited liability Company agreement, partnership agreement or other joint venture agreement regarding the Company (the “agreement”). The Company shall have no obligation to make an offer to any person. Information contained in this summary has been obtained from the Company as well as from sources prepared by other parties. While such other sources are believed to be reliable, the Company does not assume any responsibility for the accuracy or completeness of such information. Any Photos herein are representative only and do not depict the property. Each prospective investor should make his or her own independent examination and evaluation of the information and documents referred to herein. No person has been authorized to make any representations concerning the Company or equity interests in the Company that are inconsistent with those contained in this summary. Prospective investors will be afforded the opportunity to ask questions of and receive answers from the Company’s management, and are urged to make such personal investigations, inspections or inquiries as they deem appropriate. Prospective investors should also carefully review the terms of the agreement. Tax aspects of an investment in the Company require careful and informed study with respect to an investor’s personal tax and financial position. Prospective investors should consult with their personal legal, tax and financial advisors. This summary contains forward‐looking statements. While forward‐looking statements are based on certain historical trends, current conditions, expected future developments and other factors the Company believes are appropriate, such statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, many of which are beyond the control of the Company and its affiliates, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward‐looking statements. Potential investors are cautioned not to place undue reliance on these forward‐looking statements. There can be no assurance that the results that the Company anticipates will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its investors. Statements contained in this summary speak only as of the date of this summary. The Company and its affiliates assume no obligation to update publicly or otherwise any forward‐looking statements, whether as a result of new information, future events or otherwise. This summary has been prepared solely for, and is being delivered on a confidential basis. The acceptance of this summary constitutes an agreement on the part of the recipient (1) that the information contained in this summary, as well as any supplemental information provided to the recipient by the Company or any of its representatives, either orally or in writing, is proprietary to the Company, (2) that the recipient shall maintain the confidentiality of the information contained in this summary and any such supplemental information, and (3) that the recipient shall not use the information in this summary or such supplemental information for any purpose other than to evaluate any investment in the Company. All opinions expressed and data provided herein are subject to change without notice. The investment mentioned in this report may not be suitable for all types of investors. All investments involve different degrees of risk. You should be aware of your risk tolerance level and financial situations at all times. Furthermore, you should read any and all prospectuses carefully before making any investment decisions. All investments are subject to market risk and may result in the entire loss to the client's investment. You are free at all times to accept or reject all investment recommendations made by Copper Club Management LLC. Past performance is no guarantee of future results, and current performance may be lower or higher than the performance data quoted. This is subject to correction of errors, omissions, change of price, or withdrawal without notice. The foregoing is not an offer to sell or a solicitation of an offer to buy, any security, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale may not lawfully be made and other than in accordance with applicable legal requirements. Any investment may only be made by a qualified investor.

Executive Summary
281 State Street
Albany, New York 12210
Tel: (518) 254-8235
Copper Club Management, LLC
www.Copper.Club