Brooklyn, NY
2-Family Brownstone
2-Family Renovation — BedStuy, Brooklyn
- Purchase price
- $1,350,000
- Loan type
- Acquisition and Renovation
- Loan amount
- $1,650,000
- Sale price
- $2,950,000
- Structure
- $1,275,000 / $375,000
- Closing
- 1/4/24
Renovation of an existing 2-family property, executed through an acquisition and value-add strategy.
The property was acquired for $1,350,000 and financed with a $1,650,000 acquisition and renovation loan, closing on 1/4/24. The project involved a full interior renovation and modernization, enhancing both functionality and overall market appeal.
The property was successfully sold on 1/17/25 for $2,950,000, demonstrating strong execution and significant value creation over a short hold period.




