All Forum Posts by: Chris Terborg

VACANT LAND FOR SALE

EAST HARLEM

152 E 106th st ny

Approved to build 10 apartments + 1 store

8 one bedrooms

2 two bedrooms

1 commercial/retail store

ASKING PRICE : $2,100,000.00

37 highland place , Brooklyn NY 11208

Bet: Etna St and Ridgewood avenue

Approved to build 2 two fam buildings

Each unit will have

3 beds+ 2 baths+kitchen+ living room

Private Garage for each one

R4 Zoning

FAR :0.75

50 x 149

EAST NY

B&L : 03913-0013

Tax : $5293

Opportunity for developers , investors.

All cash sale

Deal price : $1,200,000.00

SETUP FOR 1209-1213 FULTON STREET. PRIME DEVELOMENT OPPORTUNITY. SOLD WITH APPROVE PLANS FOR 30 UNIT BUILDING & J51 TAX ABATEMENT

A 60’ x 100’ development site which is being sold with approved plans that will be a 60’ wide 30 unit eight story luxury elevatored mixed-use building. The property will have a store on the first floor which will be duplexed with the basement. The first floor will also have a two-bedroom apartment, a one- bedroom apartment and a parking garage. The upper floors will each have four units per floor, two of the apartments will face the front of the building and the other two will face the back. The units will be two, two-bedroom apartments and two, one-bedroom apartments per floor.

The two-bedroom apartments will have two full bathrooms, a full kitchen along with a living/dining area. The one-bedroom apartments will have a full kitchen, a full bathroom along with a living/dining area. The basement has storage space, the sprinkler room, electric and gas room along with a gym. The building also has a top roof deck.

The property is on a block with lots of foot traffic and fine retail stores and restaurants. The A & C train is one block away on Nostrand & Fulton also Nostrand & Franklin Avenue. The site is within 5 to 10 minutes from the Barclays Center and Atlantic Terminal Mall via train. Also within 20 minutes to the city. There is a strong demand for new apartments in the area with amenities and close to public transportation.
ASKING PRICE: $9,350,000.00

1209-1213 Fulton St. 60' Wide Four Story Vacant Commercial Building. Prime Development Oppty. Sold With Approve Plans For 30 Unit Bldg & 421 A Tax Abatement

Crown Hts Brooklyn Vacant 3 Family

—————————————-

1557 East New York Avenue , (Crown Hts ) Brooklyn NY 11212

3 Family with CO

Delivered Vacant

Layout:

Basement

2 Bedroom Apt

3 Bedroom Apt

3 Bedroom Apt

Year Built :2006

Block: 1461

Lot: 31

Zoning: R6/ C2-3

Lot size : 24 x 76.39 FT

Note: 3 Boilers /3 hot water tanks , 8.5 FT Basement need minor rehab

Price $1,500,000 

Thanks

10-62 Cypress Ave.Ridgewood NY 11385  (Queens)

Semi attached

4 family under renovation

(Approved Plan)

Lot size: 20 76.5

Building size: 2400 SF

Zoning: R6B

Taxes: $7,366

Price: $1,182,000.00

100-47-205 St. Hollis , Queens NY

Det , bricks

Garage

1 fam

4 br 3 bath

Deliver vacant

2 family zoning

Lot: 40x100

Building :2400 sqf

2 family zoning

Easy to convert to 2 family , don't really need to extend, house is big enough

Average 2 fam price after renovation $1.2 million +

Price $865k 

135 Boerum St, Brooklyn, NY 11206

bet : Manhattan & Graham Ave

Primarily Five to Six Family with One Store or Office

Building dimensions 20 ft x 45 ft

6 stories , Elevator building w/ ENTRANCE DIRECTLY INTO EACH UNIT

each floor 1 BR with balcony

Zoning districts R6

Close to Barclays center in the heart of downtown brooklyn

the building is 70% done just needs sigh off and some construction left

Market value $5 mil +

subway 3 blocks # L+M+J

AUCTION FLIP assignment of bid

Sale as is, all cash, without exception $2,350,000

Approved plans and walkthrough video upon request

135 Boerum St, Brooklyn, NY 11206

bet : Manhattan & Graham Ave

Primarily Five to Six Family with One Store or Office

Building dimensions 20 ft x 45 ft

6 stories , Elevator building w/ ENTRANCE DIRECTLY INTO EACH UNIT

each floor 1 BR with balcony

Zoning districts R6

Close to Barclays center in the heart of downtown brooklyn

the building is 70% done just needs sigh off and some construction left

Market value $5 mil +

subway 3 blocks # L+M+J

AUCTION FLIP assignment of bid

Sale as is, all cash, without exception $2,350,000 

What would be the wholesale % on a sale to a builder/flipper? Understanding the the gains on a wholesale price is less based on quantity of wholesale deals and not sititng on the deal greater than 30 days. 2-3% on a wholesale deal? 10-15% on a flipper possibly more?

The cost to knock down and build, depending on int. finishes, starts at $350K 

This project I would anticipate around $450k build on top of the aquasition, and FMV comparitavely is 2.3-2.5...no? That's over a 30%ROI to builder/flipper.....

Seems that House Hacking seems to be one of the better ways to start out, I appreciate everyones feedback....Great Community!! Thank you for the welcomming ....Look forward to speaking to many of you here for your professional  advise. .....