Would you invest in this deal ?

[Kenneth Cunningham Jr.]

Would you invest 5m in a Multifamily portfolio acquisition that offers 4% annually with the chance to increase to %6, an interest of 15 - 25%, and a 40% return?

[Charles Seaman]

@Kenneth Cunningham Jr. As a former New Yorker, I feel qualified to say that the NYC market is very unique.  That probably isn't a bad return in NYC for multifamily properties as many deals are heavily weighed towards appreciation, but I personally would stay away from it at this point solely because of the tenant/landlord laws in NY and the fact that property values are likely to drop quite a bit more due to the negative impact from the pandemic.  I have a lot of friends that keep telling me to come back and buy in NYC, but I don't see the value yet.  After some more bleeding, there might be good opportunities, but we're not there yet.