Author Topic: Real Estate investment  (Read 14154 times)

Offline Mr.Lou-RealEstate

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Re: Real Estate investment
« Reply #150 on: March 13, 2018, 12:25:54 PM »
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consists of a total of 8 Units - six 3 bedroom/railroad-styled style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on the lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.

M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt

Offline JayR

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Re: Real Estate investment
« Reply #151 on: March 13, 2018, 05:05:24 PM »
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

Location Highlights:
• Pratt Institute*

FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
You can modify your original post. The modify button is right next to the quote button.

Offline ADG

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Re: Real Estate investment
« Reply #152 on: March 13, 2018, 05:14:23 PM »
I love the jewish people

Offline hvaces42

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Re: Real Estate investment
« Reply #153 on: March 14, 2018, 06:09:49 PM »
FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
And that a reasonable price for a 6 family in the neighborhood is a couple million less than the ask.
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Offline Mr.Lou-RealEstate

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Re: Real Estate investment
« Reply #154 on: March 17, 2018, 06:47:44 PM »
I also forgot to mention, located near large Hasidic Community and near similar bldg. that recently sold for $4.6MM. The neighborhood is not what it used to be....value will only INCREASE as BedStuy continues to gentrify.

Offline palm tights

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Re: Real Estate investment
« Reply #155 on: April 08, 2018, 08:47:30 AM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Still available?

Offline good sam

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Re: Real Estate investment
« Reply #156 on: April 09, 2018, 12:27:00 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.
You guys are missing a couple of things.

First, an LLC doesn't only protect you from liability due to personal injury. It also shields you from possible contractual disputes.

Second, holding the property in an LLC doesn't only shield you from liability relating to this property. If also shields this property from any other liabilities you may have in your personal capacity.
If you don't care why would you comment?
HT: DMYD

Offline palm tights

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Re: Real Estate investment
« Reply #157 on: April 09, 2018, 12:32:56 AM »
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million

Offline hvaces42

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Re: Real Estate investment
« Reply #158 on: April 09, 2018, 08:28:31 AM »
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
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Offline palm tights

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Re: Real Estate investment
« Reply #159 on: April 09, 2018, 09:20:33 AM »
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Chill brother

Offline efflpetzel

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Re: Real Estate investment
« Reply #160 on: April 09, 2018, 06:31:31 PM »
+100000000000

Im also looking for fairies and unicorns, at a discount of course.

Offline yuneeq

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Re: Real Estate investment
« Reply #161 on: April 10, 2018, 03:45:06 PM »
+100000000000

Im also looking for fairies and unicorns, at a discount of course.

Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Live forever or die trying.

Offline palm tights

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Re: Real Estate investment
« Reply #162 on: April 10, 2018, 08:24:42 PM »
Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Definitely can find,  you need always to look who the poster is , he is known for alot of bla bla

Offline hvaces42

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Re: Real Estate investment
« Reply #163 on: April 12, 2018, 09:05:46 AM »
Definitely can find,  you need always to look who the poster is , he is known for alot of bla bla
Right. Attack the messenger.

Find me a 10% annualized return on real estate in tri-state area for a $1MM investment (those were your parameters) and I will keep you busy closing deals 6 days a week 24 hours a day. If it was a 10% return overall and not annualized then I have a list of deals for you. All you gave to do is hold them until you hit 10% return and then sell (Warning: May take you 10 years or more).
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Offline hvaces42

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Re: Real Estate investment
« Reply #164 on: April 12, 2018, 09:06:44 AM »
Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Yes, you can lend people money at 12% too on real estate. But you need a stomach for that.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.