- Sale Price
- $3.3M
- Profit
- $1.8M
- IRR
- 32%
- Sold
- Apr 2020
Overview
A ground-up, four-unit condominium building on Halsey Street in Brooklyn, NY. The site was purchased in May 2014 for $230K and built for $850K; the building was completed in October 2019 and sold in April 2020 for $3.3M.
Project Outcome
SoldPurchase
$230K
Sale Price
$3.3M
- Purchased
- May 2014
- Construction Cost
- $850K
- Sold
- Apr 2020
- Profit
- $1.8M
- IRR
- 32%
- Project Length
- 18 months
- Investors
- 5
- Units
- 4
- Size
- 5,300 sq ft
Investment Outcome
- Profit
- $1.8M
- IRR
- 32%
- Sale Price
- $3.3M
Total cost$1.08M
Sale price$3.3M
Purchase $230KConstruction $850KSale $3.3M
Purchased
May 2014
Sold
Apr 2020
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
Gallery
Property Details
- Project Type
- Ground Up
- Property
- 4-unit condo building
- Completed
- October 2019
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