- Sale Price
- $940K
- Profit
- $230K
- IRR
- 76%
- Sold
- Jan 2014
Overview
A two-family value-add renovation on Bainbridge Street in Brooklyn, NY. Purchased in November 2012 for $310K, renovated for $300K and sold in January 2014 for $940K.
Project Outcome
SoldPurchase
$310K
Sale Price
$940K
- Purchased
- Nov 2012
- Construction Cost
- $300K
- Sold
- Jan 2014
- Profit
- $230K
- IRR
- 76%
- Project Length
- 13 months
- Size
- 3,000 sq ft
Investment Outcome
- Profit
- $230K
- IRR
- 76%
- Sale Price
- $940K
Total cost$610K
Sale price$940K
Purchase $310KConstruction $300KSale $940K
Purchased
Nov 2012
- 13 months
Sold
Jan 2014
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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