248 Putnam Avenue, Cambridge, MA

The project required extensive renovations on the exterior and interior of the building.

• Purchased multi-family apartment building in March 1999 for $107 per square foot
  
• Converted building to condominiums in 2000
  
• Sold all units by July 2000 at an average sales price of $271,000, or $290 per square foot
  
• Realized IRR of 59%

Before

Living area

After

Kitchen

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