What could it look like to live in the same building as your friends, to buy in at 15-20% below market, and to have a developer build everything for you brand new?
The below is an example of one of our projects for illustration purposes only. The floorplans are actual but the numbers are estimates based on current market conditions. Each potential project will need to be underwritten on a case-by-case basis.
EXAMPLE DEVELOPMENT PROJECT: Park Slope, Brooklyn
Square Feet:
Condo Units:
Purchase Price:
Est. Time To Completion:
4,392
3
$2,600,000
24 months
Unit 1
Square Feet:
Bedroom | Bathroom:
Market Value:
City Trellis Price:
City Trellis Discount:
Equity Needed:
2,104
4 | 2.5
$2,400,000
$2,000,000
~16%
$580,000
Unit 2
Square Feet:
Bedroom | Bathroom:
Market Value:
City Trellis Price:
City Trellis Discount:
Equity Needed:
979
2 | 2
$1,750,000
$1,465,000
~16%
$425,000
Unit 3
Square Feet:
Bedroom | Bathroom:
Market Value:
City Trellis Price:
City Trellis Discount:
Equity Needed:
1,309
3 | 2
$2,150,000
$1,800,000
~16%
$520,000