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$21 million divided by 54 units = $389,000/unit. At the numbers presented, there doesn’t seem to be much of any profit to be had, which would lead me to presume these numbers are probably not correct.
The article doesn’t say what the homes will sell for, only O+E’s “cost”. They are already selling smaller “Alloy” homes elsewhere for more than the amount stated in the story.
Another joke of a development from Onyx and East.
Are there still subsidies available in this area? If so, there’s the profit!
Those numbers seem low. $450-550K seems about right considering the other developments and crazy expensive homes already built in the area. The money just flows like water.