Crown Heights, Brooklyn, New York

Successful exit

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Crown Heights, Brooklyn, New York 2017-05-31T10:43:26+00:00

Project Description

Acquisition of an empty lot and construction of a 29-apartment building, with units averaging 650 SF plus a terrace. Built to the highest standards, the building featured an indoor gym, security system and beautiful lobby.

327-329 Sterling Street, Brooklyn, New York, NY, USA

Year launched

2013

Equity raised

$1,650,000

Expected duration

30 Months

Actual duration

18 Months

Achieved annual return

22.70%

Property investments are illiquid, and past performance is no indication of future success

About the neighborhood

The Crown Heights neighborhood, located east of Prospect Park, features many schools, cultural centers and museums. Residents benefit from multiple convenient and accessible means of public transportation.

About the developer

Thomas Liberman has 30 years of experience in the real estate field, an in-depth knowledge of the Brooklyn area, and proven skills locating unique properties and forecasting demand trends in the New York real estate market.

The opportunity

Acquisition of an empty lot and construction of a 29-apartment building, with units averaging 650 SF plus a terrace. Built to the highest standards, the building featured an indoor gym, security system and beautiful lobby.

Other projects by the developer