Seeking Feedback on Multi-Family Deal Underwriting

[Michael Belz]

Hi Bigger Pocket community ,

I'm seeking feedback on a 6-family property I've underwritten in New York . The purchase price is $1.45M, with a current rent roll of $13K per month (market rent is about $16K). The NOI is $118K without a mortgage. I'm using funds from a 1031 exchange for the deposit.

Can anyone provide insights or guide me on how to refine my underwriting or ask the right questions to ensure my numbers are accurate and this is a solid deal?

Thank you!