- Sale Price
- $1.21M
- Profit
- $210K
- IRR
- 25%
- Sold
- Jun 2018
Overview
A two-family value-add renovation on Cornelia Street in Brooklyn, NY. Purchased in July 2017 for $725K, renovated for $110K and sold in June 2018 for $1.21M.
Project Outcome
SoldPurchase
$725K
Sale Price
$1.21M
- Purchased
- Jul 2017
- Construction Cost
- $110K
- Sold
- Jun 2018
- Profit
- $210K
- IRR
- 25%
- Project Length
- 12 months
- Size
- 3,300 sq ft
Investment Outcome
- Profit
- $210K
- IRR
- 25%
- Sale Price
- $1.21M
Total cost$835K
Sale price$1.21M
Purchase $725KConstruction $110KSale $1.21M
Purchased
Jul 2017
- 12 months
Sold
Jun 2018
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
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