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Updated about 8 years ago on . Most recent reply

Lloyd Spencer's profile image
Lloyd Spencer's profile image
Lloyd Spencer
  • Investor
  • from New York City, New York
  • Member since Mar 10, 2017
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Lloyd Spencer's profile image
Lloyd Spencer's profile image
Lloyd Spencer
  • Investor
  • from New York City, New York
  • Member since Mar 10, 2017
Connect
Lloyd Spencer
  • Investor
  • New York City, NY
14
Votes |
43
Posts
Buying & Selling Real Estate

NYC 1031 exchange for more yield?

Lloyd Spencer
  • Investor
  • New York City, NY
Posted

I own several investment units in midtown NYC. They have been a great investment over 10 to 15 years, but at current market, the yield is around 2%.

I'm considering selling one to buy multi family in the NYC area at around 6 to 8% yield.

It seems like the right cashflow decision, but emotionally it feels like selling the crown jewels. Any views or advice?

Thanks in advance!

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