All Forum Posts by: Fraidy Deutsch

Hi Stavros,

I completely understand your question and your concern that is unfortunately real. 

You can reach out to me to discuss this and get information on the current market.

My number is 347-525-3632

@Rashad Ellis

I don't know which market you are looking at but for the Westchester market (Yonkers and Mount Vernon) I can really help. Feel free to reach out for advice.

A buyer and their agent have to mesh and feel comfortable with each other just like any relationship. You want to trust and have good communication with your agent cause that is key to a successful transaction.

@Gregory Cain

Hi Gregory,

I'm a licensed real estate salesperson and a long time Investor in Yonkers and Mount Vernon. Feel free to pm me or reply to this post. I believe I can help you.

Beautiful Mother-Daughter apt in the Fleetwood section of Mount Vernon.

Solid Brick building on a quiet street.

First floor apartment is a 1 bedroom 1 bath.

Second apartment, a duplex is on the second and 3rd floor. Huge living room, dining room and kitchen. Upstairs there are 3 bedrooms and 1 bath.

Garage and parking at the entrance. 

Both floors have access to a balcony and yard.

Roof is brand new.

Boiler has been replaced within the last 5 years.

Make this your new home! 

Interested applicants only.

Call 914-359-4540 or email [email protected]

Hi Max,

Congrats to you on taking the next step and making a move!

I would like to agree with you on almost everything except that in Yonkers there is no appreciation at play but you're simply buying for cash flow.  Since I've become active in Yonkers the last 3 years the property values have shot up enormously surprising a lot of the investors.  Rental income is good and vacancy rates are really low.

I would also say with a little work on your end you upgrade the units and raise rents especially since a 4 unit is not subject to ETPA . (Here you have upside with 4 units as opposed to 1 condo.)  After doing that you can sell the house for a lot more than you bought it so with like kind investments you have positive cash flow and appreciation. 

If you provide the address and purchase price i can help you analyze the deal a lot better and give you more accurate advice. 

Feel free to pm me. 

Back on the Market. 

1812 Lacombe Ave. Property mentioned above is available for the interested buyers.

914-359-4540

Great for investment property or house-hack opportunity.

Legal 3 family with finished basement in the heart of Mount Vernon. 

8 Parking spaces.

Well kept.

Taxes have been grieved to $13,000 instead of 17,000.

interested buyers only. pictures can be give upon request.

Excellent cash flowing property.

Single Family house used as a SRO. 13 Rooms and 5 bathrooms. Fully rented.

Brand new boiler and roof.

Interested investors only. 

Won't last.

10.11% Cap Rate. 8% Cash on Cash

Hi Joanna,

If you are looking for investment in Yonkers I have a 2 family off the mls that fits your criteria.