Case Study: Berkley Arms Results of Conversion of Berkley Arms to Condominium One Bedroom Two Bedroom Value as a Co-op $32,000.00 $47,000.00 Add: Conversion Obligation (Including underlying mort- gage, fees & costs) $33,000.00 $40,000.00 Total Investment $65,000.00 $87,000.00 Condominium Values after Conversion $168,000.00 $220,000.00 Net Increase in Wealth (Equity) $103,000.00 $133,000.00 WHAT OWNERS SAY ABOUT THEIR CONVERSION: “I'm happy to report that our conversion experience showed ROA to be professional, committed to our pro- ject, knowledgeable and fortified with the experience that only comes from having successfully converted other associations.” Brigit Ruvolo Pr

Join for free to read