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Sale at 201 East 15th Street #3E5E3J

Started by Junky
over 13 years ago
Posts: 19
Member since: Dec 2011
Discussion about 201 East 15th Street #3E5E3J
Just wondering why anyone would purchase this place if the income is less than the maintenance? Aren't you losing money at that point? Or is the income after maintenance cost are covered?
Response by NWT
over 13 years ago
Posts: 6643
Member since: Sep 2008

It's a bet on when the tenants will vacate. When they do, you'd make up (or not) for the monthly losses.

Note the sales of #2B (unoccupied) and #7B (occupied) two years ago, at $764K and $385K.

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