Looking to buy a MFH in Staten Island or New Jersey

Buying & Selling Real Estate
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Looking to buy a MFH in Staten Island or New Jersey

Danny Lee
New to Real Estate 路 Flushing, NY (11361) 路 Member since 2019 路 18 posts 路 11 votes

Looking to buy a MFH in New Jersey like jersey city or Staten Island . Seen a 4 plex for 750k and another in Staten Island for 850. Both have good cap rate and fully occupied. Just wondering if anyone had expo eve in both cities and which experience you had better. I live in Brooklyn ny so I am fairly close to both. Thanks for any insight

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Gabriel Kolendrekaj
Flipper/Rehabber 路 Staten Island, NY 路 Member since 2019 路 28 posts 路 15 votes
5y

@Danny Lee I invest in Staten Island almost exclusively, can鈥檛 really speak to NJ. One thing I believe is investing in NYC is stable as far as market dips and other adverse market effects. Regardless of what people say about nyc regulations I鈥檝e had nothing but success investing here. Also our value in Staten Island are exploding year to year. I鈥檓 a realtor in Staten Island and I keep track of the market everyday, Staten Island is up about 9% ytd. Let me know if you have any questions.

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  • Gabriel Kolendrekaj
    Flipper/Rehabber 路 Staten Island, NY 路 Member since 2019 路 28 posts 路 15 votes
    5y

    @Danny Lee I invest in Staten Island almost exclusively, can鈥檛 really speak to NJ. One thing I believe is investing in NYC is stable as far as market dips and other adverse market effects. Regardless of what people say about nyc regulations I鈥檝e had nothing but success investing here. Also our value in Staten Island are exploding year to year. I鈥檓 a realtor in Staten Island and I keep track of the market everyday, Staten Island is up about 9% ytd. Let me know if you have any questions.

    2Reply
  • Danny Lee
    OP
    New to Real Estate 路 Flushing, NY (11361) 路 Member since 2019 路 18 posts 路 11 votes
    5y

    @Gabriel Kolendrekajt thanks for that information 馃檹

    0Reply
  • Lamont Chen
    Realtor 路 Hudson County, NJ 路 Member since 2017 路 176 posts 路 110 votes
    5y

    @Danny Lee

    Are you planning to live in the home in JC and do you need to commute to Manhattan ? Seems about equidistant from Brooklyn but if you need to be close to or foresee yourself needing to be close to another location that can be a factor too.

    0Reply
  • David Lichtenstadter
    Rental Property Investor 路 Northern NJ 路 Member since 2016 路 341 posts 路 144 votes
    5y

    please DM me. @Danny Lee

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  • Saurabh Passi
    Investor 路 Staten Island, NY 路 Member since 2015 路 27 posts 路 3 votes
    5y

    Benefit of buying a house in staten island over NJ in my opinion is, lower taxes and higher rent but lately prices in staten island and also in NJ has gone up alot. 

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  • Steve SchulmanBusiness Member
    Real Estate Agent 路 Jersey City, NJ 路 Member since 2019 路 72 posts 路 49 votes
    5y

    Hey @Danny Lee - I was born in Staten Island and still have family there so I'm slightly familiar with the area. Curious, what entices you to go invest there? 

    Jersey City I rented in for about 3 years way back and after seeing the gentrification happen around me first hand, I decided it was time to get in on the action and that's when I started my REI journey. Searching for a distressed, value-add 2-4 family's in JC and the surrounding Hudson County area. I must've seen 30+ property's and analyzed close to 100... But after weighing all the variables (economics, standard of living, landlord headaches, growth, etc.), I found myself house-hacking a two family in Bayonne. Now my wife and I live and invest in here... Right in between where you're prospecting.

    Would love to hear more about you story and provide value anyway I can. Shoot me a DM if you'd like to chat further.

    [email protected]732-439-4364
    The Schulman Group | Compass 路 VIP Team568 Reviews
    WebsiteView Page
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