Case Study: Woodedge Condominiums One Bedroom Two Bedroom Value as a Co-op $20,000.00 $32,000.00 Add: Conversion Obligation (Including underlying mortgage, fees & costs) $31,500.00 $40,000.00 Total Investment $51,500.00 $72,000.00 Net Increase in Wealth (Equity) $68,500.00 $75,000.00 Results from Conversion of Woodedge to Condominium Condominium Values after Conversion $120,000.00 $147,000.00 WHAT OWNERS SAY ABOUT THEIR CONVERSION “Prices have increased dramatically after the Conver- sion. Two Bedroom co-ops that once sold for $40K are now selling for $150K. A one bedroom co-op sold at $19K just before the conversion now as Condos they are selling in the $100K ran

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