- Sale Price
- $1.3M
- Profit
- $500K
- IRR
- 50%
- Sold
- Jun 2019
Overview
A value-add property on Sterling Place in Brooklyn, NY. Purchased in November 2014 for $200K and renovated for $350K, it was held as a rental before selling in June 2019 for $1.3M.
Project Outcome
SoldPurchase
$200K
Sale Price
$1.3M
- Purchased
- Nov 2014
- Construction Cost
- $350K
- Sold
- Jun 2019
- Profit
- $500K
- IRR
- 50%
- Size
- 3,000 sq ft
Investment Outcome
- Profit
- $500K
- IRR
- 50%
- Sale Price
- $1.3M
Total cost$550K
Sale price$1.3M
Purchase $200KConstruction $350KSale $1.3M
Purchased
Nov 2014
Sold
Jun 2019
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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