New to biggerpockets in NYC & Nassau County NY

[Michael Zareno]

Hi,
Name's Mike Zareno and, after having some NYC residential property in the family for 50 years, we're in contract to sell it and I will be scouring the forums for info on how to effectively manage the proceeds via 1031 exchanges. I may be gun-shy about retail/commercial properties, but I'm going to try to keep cap rates as close to 8% as possible. If i can do that with multi-family, or at least a portfolio of 2-family residential, all the better.
Regards,
Mike