Property Investment in New York City

Member since 2019 · 3 posts · 0 votes

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $690,000
Cash invested: $390,000

Single unit condominium

How did you find this deal and how did you negotiate it?

StreetEasy

How did you finance this deal?

Self + Mortgage

23 views

4 Replies

Sort by

Bill Goodland
Rental Property Investor · Allentown PA, United States · Member since 2016 · 567 posts · 442 votes
6y
How is the property a single unit condo but also a 2-4 unit small multi-family??
0 Reply
Salvatore Trapani
Realtor · Bayside, NY · Member since 2014 · 19 posts · 9 votes
6y
@Noami Chaudhary What are you trying to find out with the information provided? As Bill stated, how is it a single unit condo and multi-family?

You have some conflicting specs.
0 Reply
Noami Chaudhary
OP
Member since 2019 · 3 posts · 0 votes
6y
Sorry it’s a single unit for 1 family. That was an error
0 Reply
Anthony Rosa
Rental Property Investor · New York City · Member since 2019 · 703 posts · 538 votes
6y
@Noami Chaudhary - You are financing 300K at what interest rate for ???? Years? Whats the square footage and how many bed/baths?
Whats the rent, taxes, common charges, parking cost (if any)?
Where is the Condo and is it in a building or garden style apartment complex?
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.