SURFSIDE HOMES

Brooklyn, New York

Description

Developed, built and sold 148 single family homes in the Coney Island area, in conjunction with the City of New York and the NYC Housing Partnership

Development:

Designed and developed units that would be attractive and marketable to the targeted population.  Units needed to be affordable to families earning no more than 80% of median income.  Modular housing units were used to expedite construction.

SUMMARY STATISTICS

YEAR PURCHASED: 1993

PURCHASE PRICE: $0 (New Construction)

YEAR SOLD: 1997

SALE PRICE: $25,900,000