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Updated over 6 years ago on . Most recent reply

Ron Manners's profile image
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Ron Manners
  • from Perth, Western Australia
  • Member since Apr 16, 2012
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Ron Manners's profile image
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Ron Manners
  • from Perth, Western Australia
  • Member since Apr 16, 2012
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Ron Manners
  • Perth, Western Australia
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Real Estate Deal Analysis & Advice

Apartment investment in New York City

Ron Manners
  • Perth, Western Australia
Posted

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,000,000
Cash invested: $20,000,000
Sale price: $1,000,000

Residential apartments

What made you interested in investing in this type of deal?

Diversification.

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Alina Trigub's profile image
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Alina Trigub
  • Rental Property Investor
  • from Glen Rock, NJ
  • Member since Nov 30, 2015
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Alina Trigub
  • Rental Property Investor
  • from Glen Rock, NJ
  • Member since Nov 30, 2015
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Replied

@Ron Manners 

What made you decide to invest in NYC? You mentioned diversification, so cash flow is not of interest to you? There're markets that perform much better in terms of cash flow than NY.  

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