Miller Desatnik Realty Corp’s Post

Price Reduced! 📍 . . This phenomenal multifamily development site is located in the heart of the highly coveted neighborhood of Mar Vista. The property is being sold with plans and is only a few months away from being RTI. This extraordinarily rare opportunity to purchase an oversized, vacant 30,001 sq. ft. R3 Lot in a prime West Los Angeles location allows a developer to build 92 Units with plans in place to construct a 97,964 sq. ft. building with an excellent unit mix consisting of: 1 Three Bedrooms + Three Baths, 1 Three Bedrooms + Two Baths, 32 Two Bedrooms + Two Baths, 7 Lofts with One Bedroom + Office + Two Baths, 34 One Bedroom + Office + One Bath, 17 - One Bedroom + One Bath. The 92 total units in the building include 18 ADUs as well as 11 Very Low Income Units. OM is available upon request. . . For additional information regarding this property or any other listings by Gary Fox, please call 310.202.9166 Ext. 302. You can also reach Gary Fox by email at gfox@mdrealtycorp.com. . . #multifamilyinvestment #justlistedLA #milleranddesatnikrealty #multifamily #santamonicarealestate #westside #realestate #westsideinvestments #californiarealestate #southercaliforniarealestate #losangelesrealtor #multifamilyproperty #multifamilyinvestment #pricereduced #justsoldla #pricereducedla

Land Lease Apartments: A Unique Apartment Structure in New York City and there's about 100 buildings under this scenario in NYC. Take a look at this newly listed, large 1 Bedroom (Convertible to 2 Bedrooms), 1.5 Bath in the heart of the Upper East Side. Because of the land lease structure to this building, you can get a typical $1.3 Million dollar apartment for just under $550k. That's $510/SQFT. **So what's a Land Lease (LL) Building? A LL building is one where the Cooperative does not own the land its building sits on. They rent the land from a third-party landlord. In this case, the maintenance payment (Common charges + Taxes) also includes a portion of the rent paid to the landlord. **Since the monthly maintenance payment is higher, the future cash flows of the maintenance payment and any possible future increases are discounted from the purchase price in today's dollars. That's almost a 60% discount. **Who is a land lease apartment for? In my experience, the typical buyer of a land lease apartment is a person with a good income who doesn't mind paying the higher monthly fees in return for a much lower priced apartment (capital preservation) AND the benefit of a LARGER Apartment. A typical $500k investment in NYC real estate gets you a 500 SQFT Studio in NYC. Here you pick up 1,100 SQFT that you can convert to two bedrooms. Feel free to shoot over any questions or inquiries! Enjoy the Video featuring my colleague Kayla and Yours Truly! #NYCRealestate #LuxuryLiving #NYC #apartments

ABS Partners Real Estate has set its sights on redeveloping a nearly 100-year-old rent-regulated building on the Upper West Side of Manhattan. Recently, the firm filed plans with the Department of Buildings to demolish the 7-story multifamily property at 2560 Broadway, near the West 96th Street subway stop. Known as The Ancott, this 53,000-square-foot structure includes 27 residential units and 7,500 square feet of retail space, two of which remain occupied. Despite the building's rent-regulated status, many units have shifted to market-rate pricing in recent years, with a 3-bedroom fetching $6,000 per month in October 2020 and a 2-bedroom going for $4,000 in May 2021. ABS Partners Real Estate, a major player in the Manhattan real estate market, has a portfolio boasting 102 properties across 11 states, totaling over 14 million square feet. Their notable Manhattan assets include 200 Park Ave. South at Union Square, 270 Madison Ave. in Midtown, and the boutique office building at 145 E. 57th St. The firm has a history of converting rent-regulated buildings to market-rate units, often through strategic redevelopment projects. ABS Partners' track record reflects a broader trend among developers to capitalize on prime locations by transforming older, rent-regulated buildings. This practice, while lucrative, often sparks debate around affordable housing and tenant displacement. The plans for 2560 Broadway remain under wraps as the company has declined to comment on the future of the site. #RealEstateDevelopment #ManhattanRealEstate #UpperWestSide #ABSPartners #AffordableHousing #RentRegulation #UrbanDevelopment #NYCRealEstate #PropertyManagement #RealEstateInvesting https://lnkd.in/edBih9wA

It's easier than you think. You're planning to purchase a new home, but still have a few months left on your NYC lease. I get it. Trying to time your home purchase to align with the end of your lease may seem like the logical thing to do, but it could mean missing out on opportunities. Enter One Domino Square. Architect Annabelle Selldorf’s first residential tower, includes a 39-story tower with 160 condos and a 55-story rental with 400 units, the latter of which is the tallest building in Williamsburg. The apartments offer stunning bridge and skyline views, airy open floor plans, and an abundance of natural light. The building’s tilt-and-turn windows allow daylight from sunrise to sunset and maximize sweeping East River views that span from the Statue of Liberty to Midtown, including a look at three New York City bridges and the park space below. Did I mention it's on the waterfront! Don’t miss out on this opportunity to secure your new NYC home before it’s too late. Sales officially launched for the building’s 160 condos, which include one- to three-bedrooms starting at $1,250,000. There will be six three-bedroom penthouses with terraces. Contact me today to learn more about these exclusive NYC apartments located in Williamsburg. For more information or to customize your home buying search, sale or relocation - let’s connect Marnie Eden Marnie.Eden@theagencyre.com 917.710.6603 Marnie Eden #NYCRealEstate #Brooklyn #williamsburg #newconstruction #nycapartments #firsthomebuyers #luxuryapartments #nyc #newyork #newyorkcity #theagencyre #buyeragent #nycbroker #realestateagent #realestate

I knew this run-down 1970s brick fourplex had potential. Half the apartments were empty. -> Rented units? -> Way below market value. The inside was stuck in a time warp. -> Dingy kitchens -> Outdated bathrooms -> Battered hardwood floors To top it all off, there were unwelcome guests – cockroaches! But I wasn't scared off. I saw potential where others saw problems. This fixer-upper was going to be my first big project, and I was determined to make it a success. I spent months turning it around. -> Painting -> Scrubbing -> Ripping out old cabinets I even learned how to lay down new flooring myself. It was backbreaking work. But with every improvement I could see my vision coming to life. Still, I learned a valuable lesson: There's only so much one person can do. By the time I got to the landscaping, I was exhausted. That's when I realized I needed to delegate. I hired a team to help me finish renovations. -> Free to focus on finding new tenants. In the end, the fourplex was completely transformed. The modern updates attracted quality tenants who were willing to pay top dollar. That first renovation project was a turning point for me. It taught me the importance of -> Quality work -> Taking calculated risks -> Knowing when to bring in a team It was the foundation for my real estate business. I've applied those lessons ever since. Today, we target apartment buildings with similar potential. We have a network of contractors we trust. We leverage economies of scale to get better deals on materials. This allows us to renovate multiple buildings at once, maximizing our return on investment. ❓️ Have you done your own renovations before? How did it turn out? ---------------------------------------------------- 📌 Hello! My name is AJ Smith. I'm an Iowa native who buys multifamily real estate in the Midwest. I buy value add deals with private money lenders and equity partners to generate excellent risk adjusted returns. DM me. Let's talk about your goals and how real estate investing can help you achieve them.

BH3 Management, the prominent #SouthFlorida #development and #investment firm that is now redeveloping a piece of #Miami’s Watson Island, is crossing #Florida to build luxury #condos. The Fort Lauderdale-based developer, alongside New Jersey-based U.S. Development, LLC, paid $24.8 million for a 3-acre waterfront site at 551 Gulf Boulevardin #Clearwater Beach, Commercial Observer has learned. The parcel on the Gulf Coast west of #Tampa sits at the southern tip of the barrier island, facing the Sand Key Bridge. The joint venture plans to construct two nine-story condo buildings that will house 86 luxury units in total. Sales are slated to commence this year, and vertical construction is set to follow in 2025. Residences will average just under 3,000 square feet, with prices ranging from $2 million to $10 million. “In many ways, our team is introducing an entirely new market segment in Clearwater Beach, which has been overlooked as a luxury market even as successful high-end projects come to life in neighboring communities,” BH3 Management co-founders Daniel Lebensohn and Greg Freedman said. As land prices have shot up in South Florida during the pandemic, some local developers have launched projects across Florida along the state’s western coast. Last year, Related Group, Miami’s largest condo developer, broke ground for a second Ritz-Carlton condo tower in Tampa. Cathy Cunningham Jeff Ostrowski Chava Gourarie James R Freiman Jonathan McReynolds Schwartz Media Strategies Claire Wolff Charlie Carreno Eric Edidin Aaron Gordon Samantha (Ryan) Grant Reilly Lockwood

Interest rates followed closely by construction costs have been the largest contributor to a stall in development in Markets like Westfield. The developers and owners can not make the numbers work at a reasonable lease rate and tenants can only absorb so much of the increases. Until we have a little smidge of a correction, we will continue to see well located land sit idle. #cre #realestate #developmentground #westfieldindiana 

Despite a significant wave of new multifamily housing supply in Milwaukee, demand for newer inventory has remained strong in 2024, helping to maintain one of the lowest vacancy rates in the U.S. With 5,500 units expected to be completed between 2023 and 2024, Milwaukee has seen robust absorption, reducing the vacancy rate to 4.6% by the third quarter. However, some challenges have emerged for luxury developments like Couture and 333 Water, which have faced slower lease-ups, possibly extending the typical 12-month lease-up period to 18-24 months. Nonetheless, market participants remain optimistic about the eventual success of these high-end projects.

JUST LISTED! Presenting an exceptional opportunity in the heart of Denver at 13th and Corona Street, this coveted property, under the same ownership for over 25 years, is now available for sale. Comprising 10 one bedroom units, along with one two-bedroom unit, the total of 11 units. Strategically situated in a prime location, the property boasts eight parking spaces at the rear of the building, providing an additional revenue stream. Well maintained, the current operation reflects a 5.4% cap rate, with the potential for an effortless transition to a 6% cap rate simply by adjusting rents to align with the current market conditions. Whether one chooses to enhance the interior of individual units or refresh the exterior, the prospect of achieving a higher return on investment is easily attainable. Priced competitively for a quick sale, our underwriting approach is conservative, ensuring a solid investment opportunity. If this property aligns with your investment goals, please express your interest promptly so we can arrange a tour. VIEW PROPERTY: https://lnkd.in/gC7if4Rs PROPERTY HIGHLIGHTS 🏠 Address: 1326 Corona St., Denver, CO 80218 💰 List Price: $2,350,000 📐 Property Size: 6,475 SF 🏢 Total Units: 11 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

Just closed an 8 unit mixed use building in Jersey City Heights on Central Ave. Lesson on this deal - always have a backup buyer ready to go at all times. Urgency & leverage is key to getting any deal to the closing table. If you always have 1-2 strong backup buyer, you have the leverage in a deal. Buyer delays, re-trades, pushes back on anything meaningful? It's okay, there's another buyer interested to send out a contract too. This is powerful. Highlights: • 8 units mixed use • Closed within 97% of the asking price • Average apartment rent $1,143 • $188K Price Per Unit • 6.3% Cap Rate • 29% Upside in Rents https://lnkd.in/e6bHijBh David.Ferber@matthews.com 201-218-9156 Jordan.Anhalt@matthews.com 201-321-2925 #justclosed #hudsoncounty #multifamily #matthews #cre #jerseycity