Owner willing to sell way below market value

[Kenneth Moerschel]

Hello All,

I have a question or scenario. An owner is opened to selling their building way below market value. There is no mortgage on the building. What are the financial implications if the owner sells it to someone for a much lower price? What tax or downstream effects should the buyer be aware of?

How do you structure this deal to make it go off without any issues?

Thanks for all replies in advance.

[Kenneth Moerschel]

@Natalie Kolodij

Gotcha! Yes it’s a bit complicated. And on top of that in NYC when it is mixed use it is hard to get a loan unless you are actually going to be using the space for your own business. Like a doctors office..

Thank you for your help and advice!