At Brightside Capital we are involved from acquisition all the way through to ongoing management of our properties. Below are examples of projects and how they are performing. Most of these huge valuation increases have happened within 2 years after purchase.

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Flatbush Apartments

Location: Saugerties, NY

Purchase price $635,000
Closing Cost $15,000
Renovation budget $130,000
Total Project Cost $780,000
Net Operating Income at purchase $68,336
2022 Net Operating Income $134,000
Current evaluation (10 CAP) $1,285,000
2

Livingston Apartments

Location: Saugerties, NY

Purchase price $650,000
Closing cost $16,000
Renovation Budget $150,000
Total Project Cost $816,000
Net Operating Income at purchase $0.00
2022 Net Operating Income $110,300
Current valuation (8 CAP) $1,380,000
3

Creel Locks Property

Location: Kingston, NY  

Purchase price $250,000
Closing Cost $8,000
Renovation budget $110,000
Total Project Cost $368,000
Net Operating Income at purchase $29,615
2022 Net Operating Income $52,250
Current valuation (9 CAP) $580,000
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Hechman Apartments

Location: Worchester, Mass

Purchase price $1,800,000
Closing Cost $20,000
Renovation budget $200,000
Total Project Cost $2,020,000
Net Operating Income at purchase $163,000
2023 Projected Net Income $269,000
Projected Valuation (7.5 CAP) $3,300,000
4

Artesian Apartments

Location: Charleston, SC

Purchase price $10,188,000
IRR 18%
Equity Multiplier 2.2 to 2.5
COC 20%
Unit Count 110
LP Position  
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VF Apartments

Location: Salt Lake City, Utah

Purchase price $2,600,000
IRR 21%
Equity Multiplier 2.8
COC 21%
Unit Count 28 units
LP Position