Deal Review
83-34 169th St
The deal at 83-34 169th St focused on a strategic contract flip. We purchased the property on December 31, 2024, for $374,000 and successfully sold it back to the borrower on January 1, 2025, for $450,000. Through this approach, we worked collaboratively with the borrower to facilitate the transaction, enabling them to reclaim ownership while satisfying their obligations. This swift and efficient deal underscores our commitment to executing high-value strategies that deliver mutually beneficial outcomes.
-
$374,000
Note Purchase Price - (12/31/24)
-
$450,000
Note Sale Price - (1/01/25)
-
20.32%
ROI
-
7,824,365%
IRR
Property Photos
Full Development
This property sits on a 4,000 sq ft lot and features a 1,668 sq ft structure. Initially intended for a full gut renovation, the project was halted after the property was cleared, as the borrower ran out of funds. Zoned for either a single-family or two-family configuration, this property presents a flexible investment opportunity. With its potential for customization and redevelopment, it offers significant value for buyers seeking to maximize its use in a highly desirable area.
Have a question?