If you are an investor looking to purchase one or several apartments with tenants in place, please contact me. I maintain a comprehensive, private database that contains all the Manhattan apartments with existing tenants for sale. Depending on your needs, I can quickly assist you in finding a property that matches up with your investment / personal goals and facilitate a smooth transition from... [more]
If you are an investor looking to purchase one or several apartments with tenants in place, please contact me. I maintain a comprehensive, private database that contains all the Manhattan apartments with existing tenants for sale. Depending on your needs, I can quickly assist you in finding a property that matches up with your investment / personal goals and facilitate a smooth transition from owner to owner.
My database allows me to search for very specific criteria such as:
- Return on Investment based on amount financed & down payment
- Remaining Lease Term (from Month to Month to 1 or more years)
- Specific Buildings / Neighborhood / # Bedrooms / # Bathrooms
- Current Monthly Lease Rate
- Monthly / Yearly Carrying Costs
- Sale Leasebacks
- All cash discounts
- Units with owner financing
- Unique details about the sale/listing that are not available to the public
Additionally, if you are looking to purchase a home for yourself, finding an apartment with a tenant and 1-6 months left on their lease may provide you the ability to negotiate a better discount on the asking price. Non-savvy buyers may not want to be a short-term landlord, and pure investors may not want to have to locate another tenant in just a few months. This 'in between' time frame is an excellent opportunity for serious negotiations.
If you have any questions, please do not hesitate to contact me. I look forward to speaking with you.
Matthew Russell
Brown Harris Stevens
W: 212-906-9311
E: mrussell@bhsusa.com
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