- Sale Price
- $1.09M
- Profit
- $590K
- IRR
- 168%
- Sold
- Nov 2013
Overview
A multifamily value-add renovation on Union Street in Brooklyn, NY. Purchased in December 2012 for $350K, renovated for $60K and sold in November 2013 for $1.09M.
Project Outcome
SoldPurchase
$350K
Sale Price
$1.09M
- Purchased
- Dec 2012
- Construction Cost
- $60K
- Sold
- Nov 2013
- Profit
- $590K
- IRR
- 168%
- Project Length
- 11 months
- Investors
- 2
- Size
- 4,500 sq ft
Investment Outcome
- Profit
- $590K
- IRR
- 168%
- Sale Price
- $1.09M
Total cost$410K
Sale price$1.09M
Purchase $350KConstruction $60KSale $1.09M
Purchased
Dec 2012
- 11 months
Sold
Nov 2013
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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