All Forum Posts by: Arjav Parikh

I am evaluating a property that has environmental issues.  Potential responsible parties ae identified and most remediation work is done with one open case to be remediated by 2019.

The subject property is a neighborhood strip center with existing tenants and with a vacant units providing an upside potential.  

A few questions:

1) How can I protect myself from already identified issues - just in case, if there are any additional future challenges?  Is there a law (like brownfield type in Georgia, I read on this forum) that relieves new buyer from existing/already identified issues?  Something to be included in contract of sale?

2) Is there an insurance rider for environmental protection?

If any fellow members have experience with this situation or any subject matter experts on this forum can share thoughts, it will be very helpful.

Thanks

I recently bought a small building in Newton, NJ and looking for a real estate attorney to help with property tax appeal.  Please PM me.

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I am in a contract to purchase a mixed use property in Newton, NJ and looking to buy property insurance.  If you can help, please PM me.

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Looking for a property manager to manage a mixed use property in downtown newton, nj.  

Please respond via eMail or send a private message to me.

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I am looking for a good property manager that provides services in Newton, NJ.  It is a mixed use building with a store on the first floor and three apartments.

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While I used to own properties in Jersey City, NJ, I had my share of tenants.  One of the seasoned tenants left her dog in the apartment and wasn't there when the eviction crew came.   I was asked if animal control from the city was scheduled to remove the dog from the apartment?  Huh ...  The crew left without evicting.  Later I learnt she had applied similar technique a few times in the neighborhood.

It took my property manager 2-3 months to schedule eviction crew and animal control to come out together.  This time around, no one was at the apartment and we were able to do an easy lock out that lasted for half hour.  She went to the court and received extension for financial hardship and went back in the apartment.  An orderly removal order that took my property manager additional month+.  

It was a great learning experience, now that I look in the back view mirror.

Can rent for $2200-$2400/month, Home association dues - 295/month, it includes exterior/roof, heated swimming pool, tennis courts, gated security, lanscaping, snow removal and all other maintenance costs. Decent positive cashflow with a great potential for appreciation, top notch school system, buy for investment or buy for yourself. Detail investment analysis available upon request.

Come home to an inviting park gate community. 7x24 guarded, secure community, great landscaping, heated swimming pools, tennis courts, amazing kids play area and upscale environment. Ideal location that provides privacy but it is closer to great restaurants, shopping, NYC transportation, with bustling town center
This private upstairs unit boasts following:
2 full bathrooms - brand new bathrooms, tastefully renovated with nice finish, brand new cabinets/sink/bath tubs/standing shower, tiled wall, renovations done keeping robust longevity in mind
2 Bedrooms - Good size Master Bedroom with attached bathroom, ceiling fan, ample closet space, another bedroom with large, inviting french doors, good closet space, recessed lights, built in storage and a ceiling fan
1 Living room/dining room - impeccable wood flooring, large living room with wood burning fire place, attached large terrace/balcony, ceiling fan, recessed lights, opens to kitchen area with easy access to kitchen, dining area with decorative light fixture
1 Kitchen - Upgraded kitchen, stainless steel applicances, brand new microwave, upgraded, elegant cabinets, granite counter top and breakfast bar, garbage disposer, recessed lights
1 Attached Garage- automatic garage door opener

Other highlights - Brand new carpet on the staircase, Couple years young water heater, Well kept washer/dryer, Nice foyer, Secluded well landscaped yard, ADT security device installed (need activation of service)

@Oleg Shalumov:  Thank you, I will send you a PM.
@Jessica Zolotorofe: Thanks for your response.  I will send you PM to learn if you strongly recommend one or legally I am required to have an attorney in southern NJ closing.

Looking for a title company to help close on a commercial property.  Any recommendations are greatly appreciated.

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Is it required to have an attorney for closing commercial real estate in southern NJ?  Any recommendations on a good title company to help closing?

Thanks