Purchase price: $749,000 Purchased a condominium in a small building - only 12 units.

Condo in terrible area are selling cheap 4 units 40k some unit are more expensive, all are 4plexes the most expensive is 75k. This area will eventually turn around but they are currently in foreclosure.

(per buildin...

In 1976, the highest price a co op or condominium apartment had ever sold for in NYC was $275,000.  40 years late the CPI nationwide is 400% higher, so based on CPI you would expect that highest price to be $1.1 million.  

However, typically rental restrictions are contained in a condominium declaration (i.e., the document that creates the condo) and that can only be amended with a vote (usually 2/3) of the unit owners.

that its registered as a condominium row housing?

Property ManagementFinancing (Your mortgage payments, or owner-financing)Utilities, depending on whether each unit is individually metered and whether the current leases stipulate that tenants pay utilities (they should, and a four-plex should be separately metered)Water, and sewer (if applicable)TrashHOA fees (if a condominium complex or "special" gated neighborhood), yours shouldn't have any.Adjustment for vacancies (they do happen)Monthly "put-away" money for CapEX (capital expenditures, or major purchases, replacements, etc. think roofs, HVAC, etc)MaintenanceProperty TaxesProperty insuranceSpecial liability insurance, depending on where your property is.

The rates have decreased .375-.625% depending on the loan product and apply to rental investment property such as single family homes, condominium units, 2-4 units, and multi-family.

However if you're looking from a developers standpoint and want to get a building of a dozen or more condominiums built from the ground up then Frankford, Richmond, Northern Lib areas are more of your speed.

Why someone buy a debt to the Condominium in auction, there were an auction that 3rd 3rd Party Bidder bought a debt of (Final Judgment Amount) 6000$.

What is your opinion on purchasing condominiums with the intention to rent it?