help with a potential deal

[Qasiym Glover]

I'm new to the industry and I want to be taught how to do it right. I live in a nice area in Queens, NY, there are a couple distressed/abandoned properties in my area. There's one in particular that I'm talking about, it's not for sale, but it's been abandoned for years, market value of $367,000, three houses next to it are valued at $633,$649,$613. I looked at the county records, if I'm reading it right there is a scheduled drop in the value of $55k. I personally can't say how much will be needed for reno's for sure but from the outside looking in I would say at least $100k.

Is there a potential play on this property? If so will anyone be willing to do JV with me on this? What's the next step?

• • Single Family Residential
  • Built In 1920
  • 1 Unit
• • 1,179 sqft
  • Stories: 2 story
  • 1 Building
• • Lot Size: 4,125 sqft
  • Parking: Garage
  • County: Queens