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Moscow Sotheby’s International Realty announces the start of a development project in the United States to build country houses for wealthy New Yorkers.

Moscow Sotheby’s International Realty announces the start of a development project in the United States to build country houses for wealthy New Yorkers.

6 October 2020

Project Description:

Construction of a complex of 12 country houses in Kent, Connecticut

Location 1.5 hours by car or train from New York

Close proximity to Kent Falls, Waramaug Lake State Parks and other nature reserves

Plots are sold with a ready-made building permit

Modern architecture and engineering, 370 sqm area + garage and pool option

The cost of the finished house – $ 1.25 million

Project financing:

Entrance for investors – from $ 150 thousand

Net forecasted profitability – from 20% per annum

Investment return period – 18 months

Total capital required – $ 4.8 million

Bank financing – 50% of the total project cost

Benefits:

Timeliness of the project – high demand for country houses during a pandemic, lack of quality supply

Reliable developer – 6 completed projects with a yield of 15-27% per annum for the investor, he also invests his own funds

Progressive scale of profit distribution – the developer is motivated to maximize profitability


Leave a request to receive more detailed information about the project
6 October 2020
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