Opportunity to purchase an approved mix use development site in Monroe Township, NJ
The development includes 168 acre tract of land with approvals for (219) Single Family Homes, (268)
Town Homes and (160,000) square feet commercial center.
Approximate land acquisition cost: $6,700,000
Approximate Site Work Cost: $13,000,000
Approximate Construction Cost for Single Family Homes (219): $40,296,000
Approximate Construction Cost for Town Homes (268): $25,728,000
Approximate Construction Cost for Commercial Center (160,000 SF): $16,000,000
Approximate Total Cost: $101,724,000
Approximate Sale Price for Single Family Homes (219): $62,196,000
Approximate Sale Price for Town Homes (268): $40,200,000
Approximate Sale Price for Commercial Center (160,000 SF): $32,000,000
Approximate Projected Sale Price: $134,396,000
Approximate Potential Profit: $32,672,000
Time Line: 5 to 7 years
Opportunity to purchase Apartment Building with 267 Units and Commercial Center in South, NJ close to major city.
Excellent unit mix of 1 and 2 bedroom apartments. All bathrooms have marble top vanities. Units feature over sized hallway and walk-in closets. All two bedroom units contain two full bathrooms. The property has a parking garage with 229 spaces which sufficiently service the building.
With possibility to convert to Independent Adult Community Apartments!
Approximate acquisition cost: $14,000,000
Approximate Cost for Upgrades: $3,000,000
Approximate Total Cost: $17,000,000
Approximate Projected Sale Price: $22,100,000
Approximate Potential Profit: $5,100,000
Long Island City, NY 11101
Opportunity to purchase to build Apartment Building (142,500 SF) and 190,000 SF for Commercial.
Approximate acquisition cost: $30,000,000
Construction Cost for Apartment Building (650SF) each (175) Unit : $28,500,000
Construction Cost for Commercial : $28,500,000
Approximate Total Cost: $87,000,000
Approximate Projected Sale Price for Apartment Building: $87,500,000
Approximately Projected Sale Price for Commercial: $57,000,000
Approximate Potential Profit: $57,500,000
Opportunity to purchase 35 acre approved land to build 10 high end single-family homes in Monroe, NJ
Approximate size for each home: 5000 SF, 5 bedrooms and 4.5 bathroom with attached 3 car garage.
Approximate Acquistion Cost: $2,000,000
Approximate Site Work Cost: $2,300,000
Approximate Construction Cost: $5,000,000-$6,000,000
Approximate Total Cost: $9,500,000-10,500,000
Approximate Projected Sale Price for each home: $1.2-$1.5 Million Dollars
Approximate Potential Net Profit: $2,500,000-$4,500,000
Time Line: 2 to 3 years
