All Forum Posts by: Newton Hinds

Developers & Investors : Beat the next bubble, & build. 🏄  Ride the NYC Ferry ⛴  or express “A” Train right to our upscale, transit oriented #beach #development opportunity. 🏗  🏢  🏘  🌊  • What can you build here? 🤔  We can guide you. More Info: http://bit.ly/2yF8fIB

SUPERB NYC LAND DEVELOPMENT SITE OPPORTUNITY

311 Beach 67th & 306 Beach 68th St.

TWO Adjoined Lots

Total 12,550 Buildable Sq. Ft

Location:

Seated adjacent to The Tides, Arverne By The Sea’s final luxury condo phase are 311 Beach 67th & 306 Beach 68th Street, conveniently located, only 3 blocks from New York City’s newest, 140M redeveloped beach and boardwalk, complete with parks and surf school, anchored by the Arverne By the Sea Retail Plaza, and Beach 67th St. A Express station. Further area conveniences include the highly rated Stop & Shop Super Market, Rockaway YMCA, NYC Ferry service to Manhattan and easy access to JFK Airport.

Property Description:

Combined/double lots affronting unobstructed Kohlreiter Square, an 8.6-acre public green space with direct access to the Arverne By the Sea Retail Transit Plaza and Beach 67th St. subway station. Combined, these parcels offer boundless architectural potential, for example separate/flow-thru street access.

Opportunity:
The Rockaway’s are flourishing as millennials, active boomers and professional families have come to enjoy what has now become a commuters dream for year-round coastal living. Arverne is the epicenter of this thriving new community.

Primed for further transit-oriented luxury residential development - Or to house your custom built vision, is The Rockaway’s most viable land development parcel, mere feet away from rail and surface transit, shopping, dining, and New York City's newest beach and boardwalk. With the near addition of The Tides, 880 new luxury condominiums over retail, the further increase to area value is certain to make this acquisition a particularly well-timed investment.

Features:

Electricity/Power, Irrigation, Water, Telephone, Cable, Gas

Primary Property Type: Multifamily
Property Sub-type: Duplex/Triplex/Fourplex
Front Footage: 200’
Depth Footage: TOTAL 55.75'
Block Number: 15915
Lot Size: 11,150 SF
Lot Number: 24
Zoning: R5A, R5

INQUIRIES: CONTACT HINDS NYC 
NEWTON HINDS III EXCLUSIVE BROKER
646-470-4141 (o) 347-674-4637 ~ 347-MR-HINDS (m)

FOR MORE INFO VISIT

Hello Christina, 

Please send info. Thank you. 

[email protected] 

#HindsNYC

I appreciate the feedback, thanks Chris Payne John Quiles & @Tommy Rodriguez. The Northern /Condado area is appealing. How is Deal activity there. Active? Walking distance to the beach is definitely desirable. We will have feet on the ground there in early September. Please feel free to send any referrals or introductions along, as well as deal proposals for properties that fit the vacation rental bill.

Welcome Bryan

We are presently seeking opportune residential buy and hold properties - ideal for vacation rentals in Puerto Rico. Also looking for feedback on the current markconnect with other investors and lenders there. We prefer North Shore closer to SJU airport, but will look further if a deal or property warrants a look.

Leases - Due Diligence 

Hi Andy,

First of all, congratulations on your deal. I am also a New York area investor, with experience in multi-family asset management and buyouts. 

If you haven't already, be sure to visually confirm that the existing leases are in no way stabilized. If they are, the only means by which you would be able to have your tenants move is if they would willingly agree to, typically through some buyout.  

If you are only told that leases aren't stabilized, and even if current lease copies appear as being open market leases, still confirm the status with DHCR. Renewal leases can actually appear to be different than the way that original stabilized leases appear, and still be protected. 

There are also several other factors to consider with respects to multifamily due diligence where one has legacy tenants. If you would like assistance with this portion of the due diligence process or with a comprehensive title search, feel free to reach out to me. 

BP,

Seeking experienced, licensed & insured General Contractors & electricians for total home renovations in the New York City (Brooklyn & Long Island) metro areas.

Hi Amber & William,  Romeo & LaVone: 

Our group so far has been most active primarily in the Metro NY NJ CT and the Mid-Atlantic region. We seek to invest in outer borough and commuter county properties there, as well as acquire holds, flips or wholesales in PA, DE, MD, DC, LV, Houston & North Georgia. 

Our criteria:

• Residential $50K - $3MM  
• Multi-family & mixed-use; elevator & walk-up class - $12MM - $1B.

Manhattan, Brooklyn and Queens are primary areas.

Thank you all for the warm welcome. I look forward to networking.

Thanks, Mark! I look forward to networking with you.