Shaun Riney - New York Multifamily

$42,000 per unit after $1.75m cell site sell off. 70 unit elevator building in Queens. Substantial amount of zombie apartments that will be left vacant. When will the madness end ...

I share this to demonstrate we can sell almost anything if you have a problem to solve, but no one benefits when the buildings get this close to worthless. No one. The entire tax system of nyc that pays for our social welfare state relies on these buildings being able to pay the enormous property taxes they can no longer pay. Buildings are selling for this type of price per unit because only half the building can even be rented at all.

$218 a foot - Clinton Hill / Fort Greene border - roughly 50/50 FM/RS hybrid. Mid 6 Cap with a big upside story down the road. Duel elevator. Make contact at [email protected] to learn more about the trade, or buy/sell a similar asset.

Now under contract! 105 unit RS in Kensington, Brooklyn. Last asking $11,600,000. Mint condition asset above a 7% cap rate and ~$100/foot. No violations. Long term owner seller. If you would like to understand rent regulated values and the rent regulated opportunity pls reach out at [email protected] or 718-475-4369

There are diamonds in the rough available at generational wealth building basis/pricing. The winds will shift as they do in any cycle , eventually. The question of timing is one that is reflected in price today.

A few highlights from Cabo wedding weekend with my crew. Congrats

100 percent vacant 24 unit in Richmond Hill - $5.5m construction loan obtained which means targeting $8,000,00+ sellout. 48 years of prior ownership. Make contact at [email protected] or 718-475-4369 to understand the trade or buy something where you can make money on this year ! Every deal counts!!