Went into contract, looking for 1031 properties.

[David Edelstein]

I just went into contract on the sale of a NYC apartment and am looking for suitable 1031 replacement properties. I'm interested in multi-family properties within 2-hours of NYC, especially in Wilkes-Barre / Scranton area as well as anywhere along the I-80 corridor from NYC to PA. Will have $1 mill cash, interested in leveraging it to maximize cash flow. Ideally looking for 10-11 cap rates.