Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on .

User Stats

18
Posts
2
Votes
Garrett Finnell
  • Realtor
  • Oklahoma City
2
Votes |
18
Posts

80 Unit Multi Family Off-Market Property in NY Available for Purchase

Garrett Finnell
  • Realtor
  • Oklahoma City
Posted

Hey ya'll, I've got a client that is in the process of finishing up an off market condo development on Long Island and he's asked for some help getting connected to a buyer. I know deals this big typically don't happen here (not what this site is usually for) but I thought it would be interesting to throw it out to the community here and see what happens or at least see if anyone has a connection I could make to someone that would do a deal this size. 

The property is appraised at a completed market value of $53 Million. 
Units will be just over 1,100 sqft, 1 Bed 1.5 Bath but with a large den space that has the ability to value add and be turned into a 2 bed 1.5 bath. AGI is comped at $3,648,000 with annual OpEx at about $575,500 so bought in cash it's got a 5.8% cash-on-cash return year 1, not including tax incentives. 

If theres interest or if you have a connection for me, feel free to send me a message. 

Thanks y'all!