Anyone Interested in Investing in NYC Real Estate?

1,597 Views | 4 Replies | Last: 8 yr ago by agcrock2005
JCarter1017
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AG
Amazing opportunity for Brooklyn Real Estate Investors or Real Estate Investors looking to go prime in NYC! Would love to work on this with a fellow Aggie.

Building for sale right off McCarren park in Prime Greenpoint. Building has 4 apts currently occupied by great, reliable and vetted tenants who have all finished their lease and living month to month on 2013 market prices.

Building also has double storefront occupied by two very successful businesses paying decent rents who are in line for new leases in 2017.

Also the seller just got approved by city to build up an extra story adding more value to building once work is done.

Potential net income after expenses on this property is above $300,000 a year!

PLUS, a very similar building just across the park sold for $19M last year, and the prime bubble of where people are moving to is really taking to Greenpoint where demand for rentals is exponentially rising every year. Given the fact that this is right off McCarren Park and the Nassau Ave G station (still a short walk to the Bedford L station), this building is a prime candidate to exponentially increase in value, especially as the MTA continues to increase service on the G line.

Think of this as a conservative investment (value highly unlikely to go down) to park your money, collect some rent and watch the value of the property exponentially grow in the next 3-5 years.

Asking price is $5M

If interested in learning more about this or other opportunities in Brooklyn, please shoot me an e-mail at josh@nooklyn.com
agcrock2005
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AG
What is the NOI now? Also, why did you post this on Classifieds and not Real Estate or Business and Investing forum?
LostInLA07
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AG
Real Estate board is moderating stuff like this and moving it here.
Comeby!
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AG
What's the current net monthly income on this property?
BustUpAChiffarobe
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AG
Can I pay you in USO etf stock?
agcrock2005
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AG
What appeared to be an idiotic OP actually is an idiotic OP I do believe.
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