All Forum Posts by: Sean Fisher

I am interested in buying a apartment building.  The seller provided me with a appraisal she had done and paid for.  The appraisal shows Reconstructed Income and Expense for the income approach of the appraisal.  Does anyone know if the lenders will even consider these numbers since they aren't the actual numbers the building is running at? The bottom line is by using this approach it brings the value of the building up tremendously.  

I am interested to find out what the current cap rates for apartment buildings in New Jersey area?  Class A, B and C buildings.