I tell everyone this, New York is one of the hidden gems of investing if you know how to play the New York game.

Plot 1: 2024 market value of $6,900. 45x120Plot 2: 2024 market value of $3,800. 100x94I'm still pretty new to the game, so I have no experience with land deals, ground up construction, zoning, things of that nature, and am wondering what the best play is.Sell one to help with acquisition costs and build an ADU on the other?

Major brands like Ritz Carlton and Waldorf Astoria are currently developing property there, where they have traditionally developed in Miami, Fort Laud, and Palm Beach. 

Here is my Cliff Notes on this elaborate example:If you have unused losses from the past, they might significantly soften the tax blow from a profitable sale.I don't see how this is called "strategic play" or "premium lemonade."

Play the long game and hold onto that equity. 

Most times when evaluating a DSCR mortgage, market rent will come into play.

I'm brand new to real estate investing and am looking for some guidance.

It also has a 1700 square foot finished basement, and a brand new 3 car garage, with 1100 square foot luxury apartment above.  

Kitchen RenovationScope of Work:Replace all cabinets with high-end custom cabinetryInstall quartz countertopsUpgrade to stainless steel appliances (high-end brands like Thermador or Bosch)Add a large kitchen island with additional seatingInstall new tile backsplashUpdate lighting fixtures with modern pendantsRefinish or replace flooringEstimated Cost: $50,0002.

Posted this on the Multifamily section, but realized after I should post it here.I am a current Senior at the  Catholic University of America playing Baseball and finishing up my accounting degree.