Project
Development &
Financing
Development & Rehabilitation
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.
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.
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