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  • Freeport NY existing 3 story structure 120 units being converted to 5 story 150 unit structure. Property is currently gutted to the studs & construction on top of will be starting soon. Town is on board with economic incentives. $18m raised owner looking for another $6m in any increments. 21% projected annual cash on cash, 8% preferred return & 16.5% target IRR. Setup & videos available for qualified investors

Overview

  • Building Dimensions
  • N/A
  • Lot Size
  • N/A
  • Square Footage
  • N/A
  • Units
  • N/A
  • Rent Roll
  • N/A
  • Vacancy
  • N/A
  • Price
  • N/A
  • Notes
  • Freeport NY existing 3 story structure 120 units being converted to 5 story 150 unit structure. Property is currently gutted to the studs & construction on top of will be starting soon. Town is on board with economic incentives. $18m raised owner looking for another $6m in any increments. 21% projected annual cash on cash, 8% preferred return & 16.5% target IRR. Setup & videos available for qualified investors

Address

  • City Brooklyn
  • State/county New York
  • Area Freeport
  • Country United States

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