Hi everyone, we have a property under contract but we just got informed that there are alterations done to the house without appropriate permits.

The city’s northernmost borough dished out 652 new small multi-family listings in the first half of 2024, a 43% increase from last year’s 455 new listing total between January and July.The Bronx also saw an 11% increase in the median asking price over the last year.This increase in asking price did not translate to actual sale prices.

., I always found that the steepest part of my learning curve as I transitioned from SFR to STR to Commercial land development and MF (all using 1031 exchanges) was learning what "didn't translate" from the prior type. 

So if that translates to an increase of inventory will variy market by market.

An 1890 three-family with visual structural issues to a novice usually will translate into much more capital expenditures over time.

This increase in asking price did not translate to actual sale prices.

You can easily translate those skills to align with your investment goals.

Fingers crossed that these numbers continue to trend upward and translate to a successful fall season for you and your managed properties!

I have a super easy spreadsheet I use for small MFs, might can alter for your 16.

I can't speak publicly on much of these things but if utilize translator function GA Tech. has done some public disclosures themself of general strategic alignment and forward focus of things.