I think the HML market (on a local level) is pretty efficient.

Making cash offers will get you to a certain level, and that's ok..

Depending on your level of leverage, you should be cashflow neutral after taxes.Oh, and the only harlem neighborhood with a better GRM than yorkville is central harlem and is about .5 less.

Shannon XerriI would tack onto Josh Rogan's comment by guiding you to look at your experience level.

Everybody has a different tolerance level of value based on rents so that is certainly subjective but 120k for $1000/mo doesn’t appeal to me in today's market.

Rather than have it appraised and sell for that price, I would comp the property out and try and sell it at its upper range of value.

They are not only a commodity but also utilized to add value to society and offer a lot of the downside risk hedging while still offering some level of real return.This is a bit cryptic and dodgy of an answer, but I hope it is at least of some help

This is the highest level of negotiation we are talking about.

Also once you are at those higher levels it involves a lot of research study for the most part , making it not a very passive investment in many respects.

A banks monthly deposit volume will show the level of business that location is doing and you can also go on the FDIC site and see banking reports with loans and volumes etc.How much equity you can pull out will depend on what the evaluation comes back with and what percentages any of your lenders will go to for cashing out.