All Forum Posts by: Ben Toth
Ben Toth has started 32 posts and replied 52 times.
Post: 25.48% CAP to purchase a successful NYC Restaurant Chain
- Specialist
- New York
- Posts 59
- Votes 18
Originally posted by @Mark Wilder:
What type of food?
Mexican.
Post: 25.48% CAP to purchase a successful NYC Restaurant Chain
- Specialist
- New York
- Posts 59
- Votes 18
This is for an owner/user, so of course someone very experienced in the restaurant world.
Purchaser would be getting 3 locations in NYC (Greenwich Village, Upper East Side, and Williamsburg, Brooklyn).
NOI is $1,223,000.
Inventory value is $150,000.
Asking price for is $4.8MM. This would get you all 3 locations.
All 3 locations are currently leased at $43,330 per month. Extensions available until 2023.
6 Full-time Employees 66 Part-time Employees.
Rated 4.5 out of 5 stars on Google, Trip Advisor, and Yelp.
NYC Health Rating - "A" for all locations.
Post: My buyer is looking for 80-160 units (off-market only)
- Specialist
- New York
- Posts 59
- Votes 18
Originally posted by @Joshua Harger:
@Ben Toth If your buyer would be interested in the St. Louis area, then feel free to reach out to me. I might have a few off market properties they'd be interested in. Good Luck!
Alas, my buyer is not looking in the St. Louis area. Thanks all the same!
Post: 6% to 10% cap on a 2-family in Hudson NY
- Specialist
- New York
- Posts 59
- Votes 18
Here's the link for the overview: https://www.dropbox.com/s/7ukqi4cdjbpm67p/Union%20...
Here's the link for the P & L: https://www.dropbox.com/s/toh34cnkybmkkt6/Union%20...
If one rented BOTH floors via Airbnb, as per the owner's calculations, the cap could likely go as high as 10%.
Post: 3-family in Brooklyn... on 4 floors
- Specialist
- New York
- Posts 59
- Votes 18
Hi @Hilel Kagan, sorry to say, that building is no longer available. However, I just this moment posted a new off-market townhouse in Bed-Stuy. Perhaps that might work for you. Here's a link:
Post: 3 family, 4 story brownstone, loaded with original details
- Specialist
- New York
- Posts 59
- Votes 18
Pictures here - https://bit.ly/2rpiQ88
3 family, 4 story brownstone
20x45
Will be delivered fully renovated and vacant.
Loaded with original details.
Off market
Buyer pays 2% commission.
Location: Bed Stuyvesant, Brooklyn
Hi all,
Next week I'm joining MILLION DOLLAR LISTING Ryan Serhant's real estate team. If anyone has a property or building they are looking to sell, I would be happy to put you in touch with Ryan and you could determine if he was a fit. Ryan can do deals in:
1) NYC
2) The Hamptons
3) Los Angeles
4) New Jersey
5) London
6) Long Island
7) Florida
Thanks!
Post: My buyer is looking for 80-160 units (off-market only)
- Specialist
- New York
- Posts 59
- Votes 18
Originally posted by @Brock Thomas:
What’s your criteria? I have some in kc
The desired property profile is:
- Approximate build year 1970-1999
- Garden style
- C+ to A- asset
- B to A submarket
- Approximately 80-160 units
- Purchase price of approximately $5,000,000-$12,000,000
- Stabilized value-add or market performing
Structure: Sole Purpose LLC, funded with private equity and agency, bank, or CMBS debt.
Terms: Preferably all cash, but will consider seller financing and assumption of existing financing. Thanks, Brock!
Post: Boring question alert
- Specialist
- New York
- Posts 59
- Votes 18
I so appreciate these thorough (and not at all boring!) answers. Thanks all!
Post: My buyer is looking for 80-160 units (off-market only)
- Specialist
- New York
- Posts 59
- Votes 18
Good to know, thanks Ethan! I would love to read/learn more about your business in Atlanta. Perhaps you could email me? [email protected]. Thanks again.