Marks & Melrose, Brooklyn, New York

Successful exit

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Marks & Melrose, Brooklyn, New York 2017-08-03T13:47:35+00:00

Project Description

Acquisition, renovation and sale of 8 apartment buildings flagged for conservation.

875 St. Marks Ave, Brooklyn, NY, USA | 13 Melrose ST. Brooklyn, NY, USA

Year launched

2013

Equity raised

$1,980,000

Expected duration

21 Months

Actual duration

37 Months

Achieved annual return

24.00%

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

About the neighborhood

St. Marks Avenue is situated in between the well-known neighborhoods of Crown Heights and Bedford, next to the Brooklyn Children’s Museum. Melrose Street is located in between the two highly in-demand neighborhoods of East Williamsburg and Bushwick, bustling with pop-culture and entertainment.

About the developer

Upreal Investments, Ltd. specializes in planning projects and investments in the U.S. real estate market. The company maintains a team of experts with vast experience in international investments, and each project recruits a team of local experts with knowledge regarding the relevant market.

The opportunity

Acquisition, renovation and sale of 8 apartment buildings flagged for conservation.

Other projects by the developer