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Updated almost 9 years ago on . Most recent reply

Gene Genin's profile image
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Gene Genin
  • from Brooklyn, New York
  • Member since Jun 2, 2016
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Gene Genin's profile image
Gene Genin's profile image
Gene Genin
  • from Brooklyn, New York
  • Member since Jun 2, 2016
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Gene Genin
  • Brooklyn, NY
1
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4
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Starting Out

New CRE investor in Brooklyn, NY

Gene Genin
  • Brooklyn, NY
Posted

I am looking to start investing into mixed use properties in Brooklyn area. I have been researching all neighborhoods if Brooklyn, going to viewings and speaking to commercial brokers. I am looking for some advise from experienced investors that have some suggestions or guidance. 

Nostrand ave is one area I have been looking at 2/1 or 3/1 mixed use building that are in $1.2m range.

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Gene Genin's profile image
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Gene Genin
  • from Brooklyn, New York
  • Member since Jun 2, 2016
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Gene Genin's profile image
Gene Genin's profile image
Gene Genin
  • from Brooklyn, New York
  • Member since Jun 2, 2016
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Gene Genin
  • Brooklyn, NY
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Gene Genin
  • Brooklyn, NY
Replied

Well I have the %30 down payment, and I want to be in a %5+ cap rate.

Rents are high and are only moving higher. 

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