Long Island Waterfront Condominium Project

Purchase of land with all permits to build, US $11 Million. 2-3 years to full completion. Cost of development of 60 luxury condominium + amenities, US $35-37 Million. Expected gross sales over US $80 million plus, Based on 2014 prices. Bank interest for construction loan included. A refundable bond of US$ 5 million is required by the Town Borough to guarantee that this project must commenced construction within a year of purchase of the land.

Price: 15 Million CHF