356 W 48th St, New York, NY
Property Information
Property Type
Multifamily
Square Footage
9,950
Units
20
Acquisition Date
12/11/2022
Acquisition Price
$4,700,000
Construction Costs
$2,836,000
Other Costs
$1,261,000
Project Duration
18 Months
Stabilized Appraised Value (month 11)
$12,375,000
Expected Sale Value (Month 18)
$12,375,000
IRR
68.73%
Earnings Multiple
2.19x
Before
After
