- Sale Price
- $5M
- Profit
- $1.2M
- Projected IRR
- 18%
- Sold
- Dec 2023
Overview
A ground-up, seven-unit condominium building on Pacific Street in Brooklyn, NY. Purchased in July 2019 for $750K and built for $2.5M, the project sold in December 2023 for $5M.
Project Outcome
SoldPurchase
$750K
Sale Price
$5M
- Purchased
- Jul 2019
- Construction Cost
- $2.5M
- Sold
- Dec 2023
- Profit
- $1.2M
- Projected IRR
- 18%
- Project Length
- 36 months
- Investors
- 7
- Units
- 7
- Size
- 7,000 sq ft
Investment Outcome
- Profit
- $1.2M
- Projected IRR
- 18%
- Sale Price
- $5M
Total cost$3.25M
Sale price$5M
Purchase $750KConstruction $2.5MSale $5M
Purchased
Jul 2019
Sold
Dec 2023
The projected IRR is an estimate and is not guaranteed. Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
Gallery
Property Details
- Project Type
- Ground Up
- Property
- 7-unit condo building
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