• LAND ACQUISITION: NOVEMBER 2022
  • PROJECT APPROVED: APRIL 2023
  • CONSTRUCTION STARTED: MAY 2023
  • COMPLETION: JUNE 2024
  • TOTAL UNIT COUNT: 14
  • EQUITY INVESTMENT: $1MM
  • CONSTRUCTION & SOFT COSTS: $3.1MM
  • PROJECTED SALE PRICE: $5.2MM


  • LAND ACQUISITION: NOVEMBER 2022
  • PROJECT APPROVED: APRIL 2023
  • CONSTRUCTION STARTED: MAY 2023
  • COMPLETION: JUNE 2024
  • TOTAL UNIT COUNT: 14
  • EQUITY INVESTMENT: $1MM
  • CONSTRUCTION & SOFT COSTS: $3.1MM
  • PROJECTED SALE PRICE: $5.2MM


PROPERTY FACTS:

PROPERTY FACTS:

86 MONTGOMERY STREET

86 MONTGOMERY STREET

Veloce Capital adopted a new strategy by investing the equity development of seven two family townhomes in Paterson, New Jersey. This approach diverges from the firm’s typical investment structures, emphasizing property sale to capitalize on market opportunities.

The project was driven by strong sales success and increasing demand from buyers seeking income-generating starter homes, particularly in the 1-to-4-
family housing segment. The robust demand and early success of this venture highlight Veloce
Capital’s strategic investment philosophy, with projected returns of 50% to 60% anticipated within 18 to 24 months.

7- TWO FAMILY HOME COMPLEX DEVELOPMENT

7- TWO FAMILY HOME COMPLEX DEVELOPMENT

CASE STUDY: