Fix & Hold Deal in New York City

[Kobi Nagar]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Brooklyn.

Purchase price: $1,050,000
Cash invested: $400,000
Sale price: $2,050,000

Brick, 3-family home, Located in beautiful Fort Greene Brooklyn N.Y.

How did you find this deal and how did you negotiate it?

working with the right broker

How did you finance this deal?

Hard money

How did you add value to the deal?

property was occupied we helped tenant move and then renovated the property

Lessons learned? Challenges?

It's interesting to note that, in this market, a two-family home (2FM) might be valued more than a three-family home (3FM)