- Sale Price
- $645K
- Profit
- $245K
- IRR
- 76%
- Sold
- Apr 2015
Overview
A two-family value-add renovation on St Marks Avenue in Brooklyn, NY. Purchased in August 2014 for $320K, renovated for $80K and sold nine months later, in April 2015, for $645K.
Project Outcome
SoldPurchase
$320K
Sale Price
$645K
- Purchased
- Aug 2014
- Construction Cost
- $80K
- Sold
- Apr 2015
- Profit
- $245K
- IRR
- 76%
- Project Length
- 9 months
- Investors
- 2
- Size
- 3,000 sq ft
Investment Outcome
- Profit
- $245K
- IRR
- 76%
- Sale Price
- $645K
Total cost$400K
Sale price$645K
Purchase $320KConstruction $80KSale $645K
Purchased
Aug 2014
- 9 months
Sold
Apr 2015
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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