105-107 St. Mark's Place

105-107 St. Mark's Place

New York, NY

48 Units Purchased: May 1993
Purchase Price: $1,624,937
Sold: January 2006
Sale Price: $11,000,000
Levered IRR: 37%
Levered Equity Multiple: 9

Purchased and operated as rental apartments, 105–107 St. Mark’s Place was sold to a condominium developer in January 2006, realizing a profit of 9X.