86 Montgomery Street
Seven two-family townhomes targeting the income-generating starter home segment. Completed ahead of schedule with nearly double the projected returns.
Financial Overview
Key metrics and investment performance
Projected ROI
50%
Project-Level ROI
90%
Total Units
14
Equity
$820,000
Construction Costs
$3.1M
Gross Sales
$5,200,000
These results describe a specific asset. Investor-level returns vary by vehicle structure, entry timing, fees, leverage, and distribution policy.
The Project
Veloce Capital adopted a new strategy by investing the equity development of seven two-family townhomes in Paterson, New Jersey. This approach diverged from the firm's typical investment structures, emphasizing property sale to capitalize on market demand in the local starter-home segment.
The project capitalized on strong demand for attainable housing in Paterson. By building new construction townhomes from the ground up, Veloce Capital delivered high-quality product at price points that attracted both owner-occupants and income-focused buyers.
Timeline
Key dates and milestones
acquired
November 2022
completed
June 2024
equity Repayment
September 2024
Key Milestones
What we delivered
Land acquired and entitled for 7 two-family townhomes
Construction completed ahead of schedule
All units sold within months of completion
Delivered 90% project-level ROI versus a 50% projection
Full equity repayment within 2 years of acquisition
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Discover How Veloce Capital Is Shaping the Future of Real Estate
While delivering real results for investors.