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Updated about 1 year ago on . Most recent reply

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Hai Loc
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  • from Toronto, Ontario
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Hai Loc
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Hai Loc
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General Real Estate Investing

10 unit multi family building with NOI of $30k year

Hai Loc
  • Specialist
  • Toronto, Ontario
Posted

How much will you be willing to pay for a building in Buffalo/Southtowns with an NOI of $30k a year?

What are the cap rates these days? A 7.5% cap would make this building $400,000

Upstate New York, New York
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Hai Loc
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  • from Toronto, Ontario
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Hai Loc
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Hai Loc
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Hai Loc
  • Specialist
  • Toronto, Ontario
Replied
Quote from @Bjorn Ahlblad:

@Hai Loc I think the small MF market is way over priced and people are willing to pay  crazy prices. Those folks need to work on their underwriting skills. 

Not knowing any more about the property. 400 returning 30 is the most I'd be willing to pay. All the best!


 This is what I figure

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