Apartment investment in New York City

[Ron Manners]

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,000,000
Cash invested: $20,000,000
Sale price: $1,000,000

Residential apartments

What made you interested in investing in this type of deal?

Diversification.

[Alina Trigub]

@Ron Manners 

What made you decide to invest in NYC? You mentioned diversification, so cash flow is not of interest to you? There're markets that perform much better in terms of cash flow than NY.