Updated over 7 years ago on . Most recent reply
Anyone Buy Condos or Coops in NYC for Investing?
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?