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Services

Experienced in Selling Buildings With The Following Features:

  • S.C.E.P. Violations

  • R.E.A.P. Properties

  • Notice of Substandard Violations

  • Non-Conforming Rental Units

  • Tenant Buyouts & Relocation

  • Non-Paying and/or Hostile Tenants

  • Tenants in Eviction

  • Lis Pendens & Title Issues

  • Non-Conforming Use

  • Fixers and Value-Add

  • Turnkey and Pride of Ownership

  • Owner-User Properties​

Specializing in the Following Product Types:

  • Mixed Use Buildings

  • Retail & Office Properties

  • Industrial Properties

  • Vacant Land & Development Opportunities

  • 2 - 4 Unit Residential Income

  • APARTMENT BUILDINGS

  • Commercial Property

Experienced in Selling the Following Types of Transactions:

  • 1031 Exchanges

  • Portfolio Sales

  • Foreclosure Sales (26 Sales to Date)

  • Short Sales

  • Probate & Trust Sales

  • Bankruptcy Sales

  • Partnership Dissolution

  • Seller Carry Loans and AITDs

  • Hard Money AND Bridge LOANS

  • SBA Loans

How Do I Determine Your Property's Value?

1. TYPE OF PROPERTY

I like to group properties into four categories: 1. Pride of Ownership 2. Turnkey 3. Value-Add 4. Heavy Fixer. The type of property you have helps me determine the right price point and who the Buyer will be.

 

2. CURRENT & PRO FORMA INCOME

What is the current income of the property? Are most or all tenants paying below market rents? Are there any vacancies? Is there upside in rent?

 

3. GRM (Gross Rent Multiplier)

GRM = How many times the annual income can be divided into the price. The lower the GRM, the better the deal. Higher GRMs mean less cash flow for the Buyer.

 

4. CAP RATE

The Capitalization Rate measures the rate of return, and is calculated by dividing the net income into the price. The higher the CAP Rate, the better the deal.

5. PRICE PER UNIT

Unit size, unit mix, condition, location, year built, rents, and more contribute to the $/unit. If similar buildings have sold at an average of $250,000/unit, then that gives you a good starting point to determine value.

 

6. PRICE PER SF

Larger units usually sell for lower $/SF, and Buyers will pay a higher $/SF for smaller units, because they're often paying a lower $/unit. A remodeled, newer, or well located building will also command a higher $/SF.

 

7. SALES COMPARABLES

What has recently sold in the immediate area and what's for sale? Sales comps are also a big part of what appraisers will use, so it's integral to take them into consideration.

 

8. FINANCING OPTIONS

Vacant units, low rents, non-paying tenants, etc. can hinder traditional financing. This can affect the price, as you will have a smaller buyer pool and the Buyer's cost of money and/or down payment will be higher.

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