NYM had an active month in October with a total of $277,468,000 in activity! This month we placed 9 deals under contract, closed $69,696,000 and listed 21 properties totaling $140,940,000. Last month we closed on a fully free market building located at 36 West 21st Street for $4,650,000. The property closed at a 4.7% cap rate for $905 p/sf.
NYM GroupOctober 31, 2019
In order to successfully sell this building, the owner of 186 Franklin St. needed to work with a real estate team that had connections with buyers who could pay the high price for a property like this one. That’s why they went with New York Multifamily. Our team closed on this Manhattan building in May 2019 for $37.4 million. Here’s how both the buyer and seller found what they were looking for.
NYM GroupOctober 3, 2019
While we all knew the laws were coming, about 90% of owners we surveyed felt the laws were worse than expected. The industry has become much more complex. These laws have disrupted the market and your world as an investor might feel chaotic right now.
NYM GroupSeptember 17, 2019
The New York Multifamily team closed on this Brooklyn asset — a $18,000,000 building of 67 units — in early summer 2019. Here’s how the deal came together and how it was a win-win for both the buyer and the seller.
NYM GroupSeptember 11, 2019
NYM had an active month in August with a total of $197,710,000 in activity! This month we closed 6 deals for a total of $46,275,000 and listed 22 properties totaling $113,215,000. We recently listed a 10-unit protected tax class 2B opportunity at 51 East Houston Street in NoLiTa for $10,950,000. We also brought to market 610-614 Crescent Avenue in the Bronx, a 49-unit property in prime Little Italy location right off of Arthur Avenue for $7,200,000.
NYM GroupSeptember 6, 2019
One of the most attractive elements of real estate investing is the ability to shelter your profits and take them to the next investment. This guide will teach you ways to do that while avoiding capital gains to help you become a more successful real estate investor.
NYM GroupSeptember 4, 2019
One of the most attractive elements of real estate investing is the ability to shelter your profits and take them to the next investment. This guide will teach you ways to do that while avoiding capital gains to help you become a more successful real estate investor.
NYM GroupAugust 22, 2019
