- Sale Price
- $800K
- Profit
- $250K
- IRR
- 100%
- Sold
- Oct 2016
Overview
A quick-turn two-family renovation on East 31st Street in Brooklyn, NY. Purchased in July 2016 for $499K, renovated for $50K and sold three months later, in October 2016, for $800K.
Project Outcome
SoldPurchase
$499K
Sale Price
$800K
- Purchased
- Jul 2016
- Construction Cost
- $50K
- Sold
- Oct 2016
- Profit
- $250K
- IRR
- 100%
- Project Length
- 3 months
Investment Outcome
- Profit
- $250K
- IRR
- 100%
- Sale Price
- $800K
Total cost$549K
Sale price$800K
Purchase $499KConstruction $50KSale $800K
Purchased
Jul 2016
- 3 months
Sold
Oct 2016
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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