New Development Case Study - NYC

[Anthony Morena]

Investment Info:

Large multi-family (5+ units) commercial investment investment in New York.

Purchase price: $3,200,000
Cash invested: $3,000,000
Sale price: $12,200,000

PROJECT CASE STUDY
Alphabet City, Manhattan, NY
New Condominium Development

Completion: 2016
Sq. Footage: 12,500
Residential Units: 11
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INVESTOR EQUITY: $3,000,000
PROJECT RETURN ON EQUITY: 82.1% (36 Month Hold)
ANNUAL RETURN: 27.3%
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Project Summary:
• New construction residential condo development
• Seven-story development with 11 boutique loft apartments
• One- and two-bedroom unit mix
• Building was sold out in three months