All Forum Posts by: Ben Toth

Awesome, thanks Jeff!

My buyer is looking for 80-160 multifamily units in the following cities: Winston-Salem, Greensboro, Raleigh/Durham, Wilmington, Asheville, Charlotte, Atlanta, Savannah, Chattanooga, Nashville, Knoxville, DFW, Houston, San Antonio, Greenville, Charleston, Columbia, Birmingham, Lexington Louisville, Kansas City Oklahoma City Omaha. Buyer is READY. TO. GO. Any off-market ideas, Bigger Pockets? Thanks!

Boring (but important?) question, please: what apps do you like for logging/scanning receipts? I tried Expensify but the scanning is suuuuuper slow. Thanks!

I'm not buying this - I'm helping to off-market sell it.

Off-Market Portfolio: $1,260,000

This is a private seller's single-family home portfolio of 52 homes in Ohio.

• The Occupancy Rate is 79% & with the current cap of 11.2%, there's plenty of room to grow the bottom line, getting the occupancy to 100%.
• The Gross Month Rent at 79% is $22,482.
• The Net Operating Income is $140,644.
• Based on this $140,644 NOI at 79% occupancy, pro-forma NOI at 100% occupancy should be $168K, CAP TO ~ 13.3%!
• Buyer pays 5% agent commission.

This 3 story, 3 Family building measures 24 feet wide and nearly 40 feet deep.

The home on Bayard Street presents you with your very own opportunity to own a size-able and modern house in Greenpoint, one of Brooklyn’s finest neighborhoods.

The epitome of convenience, this house is a short nine-minute walk from the G train of Nassau Avenue as well as the L train on Graham Avenue, making the commute to work a breeze. It also places you in the center of the vibrant Greenpoint social scene with McCarran Park, one of New York City’s most popular parks, a mere 4 walk away.

Zoned for PS 34 and District 14 schools.

With a high demand for rentals in the area, this house is a great investment opportunity thanks to its excellent cap rate.

With its prime location, a house such as this will not be on the market for long. 

Taxes $324/m

Neighborhood: Greenpoint

Building Type 3 Family Townhouse

Building: 2488 SF

Lot: 2400 SF

Bedrooms: 3+

Bathrooms: 3

Offered at $2,399,000

Welcome to Devoe St, Brooklyn, NY 11211

12 Bed - 6 Bath - 4,200 sq ft - Taxes: $667/mo

Sitting on a 25 x 100 square foot lot, the building has been refitted with all new plumbing and electric appliances, windows and HVAC units in each unit!

Each 2 bedroom, 1 bathroom apartment has been upgraded with floor to ceiling windows, gorgeous wide-plank white oak floors, central heating/cooling and state of the art Sonos multimedia systems

Kitchens and bathrooms boast brand-new stainless steel appliances and are outfitted in luxurious Italian marble.

The 2 ground floor units enjoy access to their own private gardens, while other apartments feature 10ft ceilings

All units have access to a shared basement with separate, private storage areas for each unit and convenient common storage areas for bicycles and more. Shared access to a roof deck with breathtaking views of Manhattan is also available for all units.

Separate utilities for each apartment help keep ownership expenses to a minimum.

The six, income producing apartments are projected to accrue an annual income of $250,000 per year with annual taxes of approximately $8,000

The building is easily accessible, with L and G subway stations nearby, and the renowned Williamsburg culture and nightlife, just a short walking distance away.

Asking: $4,999,000

Please see drop-box link for all details: https://bit.ly/2pTZLtu

Hi Alex, the interest is national. Thanks!

I currently have 3 very well-qualified sponsors who I'm helping find off-market multifamily purchases. Curious if anyone has anything or, if not, knows of anything, please? The criteria between these buyers is quite varied, but below I've detailed the range within their various acquisition criteria:

• 80-300 units
• C+ to A- assets
• B to A submarket
• Stabilized value-add or market performing (and one client is looking for under performing properties, or someone that needs cash and wants to reduce their portfolio)
• For ground up: min of at least 130,000 bsf, preferred 250,000 plus
• Terms: Preferably all cash, but will consider seller financing and assumption of existing financing. 
• Purchase price between $5,000,000 and $150,000,000