Today, I'd like to present a Three Family Home available for purchase in Astoria. See the full listing on LoopNet (follow the snippet below). The savvy buyer can purchase this property and keep it configured as an income property with three rental units above owners quarters on the ground floor. Another option is to combine the owners quarters with the first floor rental apartment to create a duplex with access to a deep terraced garden.
If you've been looking for a property that is both an asset and a home, this could be the opportunity you've been looking for. Contact me today for more details! You can email me at rebekah@tmrp.com.
If you're looking for other opportunities to own and invest properties in the NYC area - I'd love to talk with you. Contact me today!
Saturday, August 27, 2011
Thursday, August 11, 2011
As Investors, Chinese Turn to New York
Chinese banks have poured more than $1 billion into real estate loans in New York City in the past year. Investors from China are snapping up luxury apartments and planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies have signed major leases at the Empire State Building and at 1 World Trade Center, which is the centerpiece of the rebuilding at ground zero.
Even one of the region’s fastest growing construction companies is Chinese. The company, China Construction America, has won contracts on major public works projects, including the Tappan Zee and Alexander Hamilton Bridges, the No. 7 subway line extension and the $91 million Metro-North Railroad station at Yankee Stadium.
Read full article: As Investors, Chinese Turn to New York
Even one of the region’s fastest growing construction companies is Chinese. The company, China Construction America, has won contracts on major public works projects, including the Tappan Zee and Alexander Hamilton Bridges, the No. 7 subway line extension and the $91 million Metro-North Railroad station at Yankee Stadium.
Read full article: As Investors, Chinese Turn to New York
Sunday, August 7, 2011
Michael Stoler Real Estate Report: Where the Demand Is Coming From
The current issue of the Commercial Observer contains an Michael Stohler's analysis of demand in the investment sales market. The overall message is "global, local investment up over 2010."
In fact, various figures quoted by key industry players shows volumes are "up" in several different ways.
- Jones Lang LaSalle reported $49B in the second quarter for US investments
- Cushman & Wakefield reported commercial property sales up 152% over last year
- Eastern Consolidated reported $9.4B in $10M+ transactions
The article continued to cite several different drivers for this increase in volumes, including:
- Recapitalization
- Purchases by institutional investors, REITs and sovereign wealth funds
- Hotel purchases
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