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Cap rate / sale price

Started by 300_mercer
about 7 years ago
Posts: 10723
Member since: Feb 2007
Discussion about 1865 Second Avenue #RES
What do people think? I think net income is close to 160k once you factor in maintenance expense, management company, and periodic upkeep like facade and windows. Rent stabilization laws expected to get much tougher.
Response by 300_mercer
about 7 years ago
Posts: 10723
Member since: Feb 2007

Actually more like $60k vs $100k stated.
http://www.maltzauctions.com/auction/349780/17-residential-units-bulk/

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Response by 30yrs_RE_20_in_REO
about 7 years ago
Posts: 9897
Member since: Mar 2009

I don't really feel like doing a full analysis on a deal I'm not involved in, but the "Inclusionary Housing Plan" (i.e. agreement to keep this as "low income housing") has to be factored in somehow.

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