.#2: Residential is (broadly) safer, and retail's sure had its ups and downs over the years.

It's quite different from the retail buyer. 

For a 3 unit building with one unit as a commercial space/retail space I would use either a 7 or 10% vacancy factor and perhaps higher depending on the viability/business strength of the restaurant.

Aside the fact that you are paying top dollar and buying retail, you have no idea the quality of rehab that was done.

Greetings,Here is an update on the current National Commercial Retail Real Estate Market in The United States of America as of March 10, 2024:In 2023, retail transaction volume dropped to $53 billion, marking a roughly 25% decrease from the average over the past decade.

LOLI would rather be sitting on the beach.I have a friend that manages about 15 million sq ft of commercial retail.

I can see where a mom & pop building has had insurance with the same retail company for 10 years and never bothered to get quotes.

Purchase at high LTV with realistic expense estimates will project initial negative cash flow if purchased at retail (off the MLS).  

Remarkably, despite these ongoing shifts, delinquency rates remain low on a relative basis when compared to the office, retail, and hospitality sectors.Although factors such as declining household formations, rising supply deliveries, and weakening demand may present temporary obstacles, the sector has successfully emerged from similar challenges in the past.

I serve as the acquisition manager for a private equity firm specializing in retail and industrial properties.I'm on the hunt for networking events in NYC specifically geared towards commercial real estate professionals.