Buyers want to be in an area that makes sense for them and risk a lot to get there but it can be shortsighted.

Quote from @Johny Omaga: As a private lender, establishing clear communication and transparency with borrowers has been crucial in overcoming any funding challenges.

My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.

Definitely a lot to learn and a lot of different avenues to explore. 

@Alex SarnoffThere’s a lot to unpack in your post.

Our well-established funding strategy allowed us to move swiftly without delays, ensuring a smooth transaction.

Hi Mel, Obviously this is a beautiful home that means a lot to you.

Can someone please advise me on the pro's and con's and keeping the lot as a single lot with all 14 duplexes on it or subdividing each lot to have 14 individual lots? 

Have the LLC established when you decide to offer on a property as the offer, insurance, title, and loan will need to be in the LLC's name. 

There is a lot to consider when evaluating property and cash flow is only part of it.