PREFERRED LOCATIONS
Well-located properties in the New York City Tri-State Area and Long Island.
PROPERTY TYPE
Multifamily
Mixed Use
SIZE CRITERIA
Minimum of 6 units (2 units if mixed-use) to a maximum of 50 units.
PRICE AND TERMS
Purchase of 100% fee simple interest preferred; note purchases will be considered
$2.5M -$25M, however smaller and larger acquisition opportunities will be considered
All cash or can assume existing debt
No financing contingencies
No due diligence period
Will invest all cash or cash above mortgage
OCCUPANCY
0-100% (in the latter case with near-term, below market rent rollover)
OTHER CRITERIA
Capitalization Rate - 7.0% or higher
Value Added Opportunities
Rehabilitation/Renovation
Below Market In-place Rents
Will Assume Lease-Up Risks
SUBMISSION INFORMATION
Detailed Rent Roll
Site Plan / Survey
Historic Operating Income & Expense Statements
Mortgage Terms (if any)
Real property tax bills (2 years preferred)
Photographs of the Building