Development & Rehabilitation

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Washington, DC
Development

 

Located at 1476 Harvard Street this project closed in May of 2013 and was located in the Columbia Heights section of DC. The scope of the project was a total renovation as well as the addition of two levels and re-developing the property into 4 luxury condominium units.  The project was fully sold out in September 2014 for a net profit of $612,000.

411 MONROE - HOBOKEN_edited
411 MONROE - HOBOKEN_edited

411 Monroe Plan - UNIT 2
411 Monroe Plan - UNIT 2

411 MONROE - HOBOKEN_edited
411 MONROE - HOBOKEN_edited

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Hoboken, NJ
 
Development
 

Located at 411 Monroe Street this project started in the Spring of 2016 and was completed in the beginning of 2017. The project contain two (2) five (5) bedroom, 3 bath duplex condominium units.  

Units will sell for $2,000,000.

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Brush Island, CT
Construction Loan
 

NY Urban provided to the borrower $1,500,000 in mezzanine capital in November of 2013.  The proceeds were used for the land acquisition and subdivision of the property into two lots. When completed the borrower would construct a new house and renovate the existing house.  The new house was sold in January of 2016 for $5,700,000