Scope: 14,948 SF, 16 unit, ground up building with parking spaces, backyard, and roof deck.
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Project Timeline
0/00/0000
Day 1
Preconstruction Occurs prior to Closing.
2/28/2022
Day 1
Acquisition Closing - Capital partners go in.
3/20/2022
1st month
Demolition of prior building starts.
9/9/2022
6th month
Superstructure Topped out.
Exterior wall & plumbing
in progress.
3/21/2023
13thmonth
Building Exterior 100% completed. Interior's are 80% completed.
5/2/2023
14th month
Marketing has started online.
5/2/2023
14thmonth
Listed by Corcoran $1,665,000
5/23/2023
20 DOM
In Contract, Full Ask $1,665,000
8/14/2023
18thmonth
15 of 16 units in contract within 90 days. TCO received and closings are being scheduled.
9/7/2023
19thmonth
First Closing Occured. 8 of the 16 units are closed within 30 days
11/27/2023
21th month
Projected Completed
Units 9-15 are closed in next 30 days. All units average 22% higher Price/sqft then market competitors with less Days on Market
Scope: 14,948 SF, 16 unit, ground up building with parking spaces, backyard, and roof deck.
