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This document summarizes a proposed luxury residential and retail development project called Electus Unus located in Midtown Manhattan. It will consist of 90 rental apartments (50 one-bedroom and 40 two-bedroom units) and 2 ground-level retail spaces. The developer is seeking $2.225 million in equity investments in exchange for ownership stakes. Projections estimate a 44% internal rate of return and $3.6 million net present value upon disposition after 5 years of ownership. The development will be owned by

Author

Jonathan D Smith

Language

EN