Setting Price for MFH

[Yen Padilla]

I’m stuck here pls help...I have 4 properties in NY off market (6-9 units each) and I have solid Cashbuyers/investors but I don’t know how to offer price to the seller since we don’t run comps in setting the price for >5 units..any advise is appreciated!

[Alex Olson]

@Yen Padilla I would always recommend working with a broker in your are that specializes in the sale of apartments. Even if you pay comission, it will be worth it because they will maximize the price to their network better than you can to your buyers. But....a general rule of thumb is to determine the net income and the cap rate for your area to get a sale price. Are you familiar with the cap rate in your area?