- Sale Price
- $1.7M
- Profit
- $1.03M
- IRR
- 257%
- Sold
- Mar 2019
Overview
A major alteration of a mixed-use building on Fulton Street in Brooklyn, NY — four apartments above two ground-floor stores. Purchased in February 2017 for $480K, repositioned with $300K of construction and sold in March 2019 for $1.7M.
Project Outcome
SoldPurchase
$480K
Sale Price
$1.7M
- Purchased
- Feb 2017
- Construction Cost
- $300K
- Sold
- Mar 2019
- Profit
- $1.03M
- IRR
- 257%
- Project Length
- 22 months
- Units
- 4
- Size
- 6,500 sq ft
Investment Outcome
- Profit
- $1.03M
- IRR
- 257%
- Sale Price
- $1.7M
Total cost$780K
Sale price$1.7M
Purchase $480KConstruction $300KSale $1.7M
Purchased
Feb 2017
- 22 months
Sold
Mar 2019
Figures as reported in the Prime Equity portfolio. Past performance is not indicative of future results.
Gallery
Property Details
- Project Type
- Alteration Type I (major)
- Property
- 4 apartments + 2 stores
- Completed
- March 2019
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