- Sale Price
- $1.637M
- Profit
- $1M
- IRR
- 250%
- Sold
- Sep 2016
Overview
A two-family value-add renovation on Clarkson Avenue in Brooklyn, NY. Purchased in January 2015 for $335K, renovated for $350K and sold in September 2016 for $1.637M.
Project Outcome
SoldPurchase
$335K
Sale Price
$1.637M
- Purchased
- Jan 2015
- Construction Cost
- $350K
- Sold
- Sep 2016
- Profit
- $1M
- IRR
- 250%
- Project Length
- 20 months
- Size
- 3,000 sq ft
Investment Outcome
- Profit
- $1M
- IRR
- 250%
- Sale Price
- $1.637M
Total cost$685K
Sale price$1.637M
Purchase $335KConstruction $350KSale $1.637M
Purchased
Jan 2015
- 20 months
Sold
Sep 2016
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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