Grand Concourse

Simplicity Capital’s largest building in NY to date, this project was a strict value add. All apartments possessed substantially inferior conditions.  Our accurate assessment of market conditions allowed us to sell the property just months before the 2007 market crash.

Purchase Date

January 2005

Purchase Price

$4,420,000

Price Sold

$5,335,000

Percent Return

59%

Category:

2005

Tags:

auditorium, commercial