Some people spend their time in high school looking forward to getting out. Others have a different plan in mind. A trio of investors have taken an abandoned high school in Homestead, Pennsylvania, and converted it into an apartment building with 31 units, according to CNBC Make It. Real estate agent Jesse Wig bought the building in 2019 for $100,000 and, with friend Adam Colucci set about figuring out what to do with the structure.
Some people spend their time in high school looking forward to getting out. Others have a different plan in mind. A trio of investors have taken an abandoned high school in Homestead, Pennsylvania, and converted it into an apartment building with 31 units, according to CNBC Make It. Real estate agent Jesse Wig bought the building in 2019 for $100,000 and, with friend Adam Colucci set about figuring out what to do with the structure.
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Lead by real estate veteran Robert Khodadadian, Skyline Properties has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.