- Sale Price
- $2M
- Profit
- $1.1M
- IRR
- 200%
- Sold
- Jun 2016
Overview
A two-family value-add renovation on Halsey Street in Brooklyn, NY. Purchased in July 2013 for $350K, renovated for $550K and sold in June 2016 for $2M.
Project Outcome
SoldPurchase
$350K
Sale Price
$2M
- Purchased
- Jul 2013
- Construction Cost
- $550K
- Sold
- Jun 2016
- Profit
- $1.1M
- IRR
- 200%
- Project Length
- 12 months
- Size
- 4,000 sq ft
Investment Outcome
- Profit
- $1.1M
- IRR
- 200%
- Sale Price
- $2M
Total cost$900K
Sale price$2M
Purchase $350KConstruction $550KSale $2M
Purchased
Jul 2013
Sold
Jun 2016
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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