The real estate portfolio of But Development Group has been the backbone of the company since its inception. With the original focus on the acquisition of condominium units, the company has been able to achieve exceptional returns on investment through astute decision-making and risk management.

In the aftermath of the 2008 financial crisis, the company saw an opportunity to purchase condominium units at a discounted price, taking advantage of the distressed real estate market. This has proven to be a successful strategy, as many of the units have increased in value by over 50% since their purchase, with some even increasing in value by more than 100%.

The portfolio is well-diversified, with properties located in highly desirable areas across New York City, including Manhattan, Brooklyn, and Queens. The company has made a conscious effort to acquire properties that are situated near public transportation, thereby maximizing the rental potential of these units. With a high demand for rental properties in these areas, But Development Group has been able to ensure that its units are consistently occupied.

By taking advantage of tax abatement programs, the company has been able to minimize the operating and carrying costs associated with these properties, allowing it to achieve high returns while maintaining a low level of risk. The success of the condo portfolio has allowed But Development Group to establish itself as a leader in the real estate industry and has provided a strong foundation for future growth and expansion.