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Updated about 7 years ago on . Most recent reply

Steve Candor's profile image
Steve Candor's profile image
Steve Candor
  • from New York, New York
  • Member since Jan 4, 2014
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Steve Candor's profile image
Steve Candor's profile image
Steve Candor
  • from New York, New York
  • Member since Jan 4, 2014
Connect
Steve Candor
  • New York, NY
10
Votes |
120
Posts
Buying & Selling Real Estate

Anyone Buy Condos or Coops in NYC for Investing?

Steve Candor
  • New York, NY
Posted

I'm looking at Coops and Condos to invest in. I am looking to do some purchasing and then renting the units our and maybe resell a few of them. Does anyone else here do that? How's your experience in it?

Most of the deals i'm seeing are in the 3.5% cap rate. And deals in the 4% cap rate closing fairly quickly. Is that reasonable or should I be seeing higher rates? 

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