Case Study
Bella Vista Condominiums
Case Study: BELLA VIST A CONDOMINIUMS WHA T OWNERS SA Y ABOUT THEIR CONVERSION: ROA HUTTON, LLC One Bedroom Two Bedroom Value as a Co-op $60,000.00 $95,000.00 Add: Conversion Obligation (including un- derlying mortgage, fees & costs) $35,000.00 $42,000.00 Total Investment $95,000.00 $137,000.00 Condominium Value after Conversion $180,000.00 $215,000.00 Net Increase in Wealth (Equity) $85,000.00 $78,000.00 Results from Conversion of Bella Vista to Condominium "How can we begin to thank you for the ‘Miracle’ of convert- ing our co-operative into a successful condominium? What we thought was impossible. We never dreamed after years of struggling to convert our co-op that your staff would make the conversion a reality. Given the complex and size of the pro- ject, everything yo