New York Multifamily, The Ground Zero Mosque & Terrorism

August 16, 2010 by Neil · 4 Comments 

What does the Ground Zero mosque have to do with New York City apartment buildings? First, a review, or re-framing of the controversy: Charles Krauthammer, like many reasonable conservatives, makes the point that freedom of religion does not equate with … Read More

Guest Post: Brooklyn Apartment Building Owner Tries To Evict 92 Year-Old Holocaust Survivor

May 20, 2010 by Neil · Leave a Comment 

After 18 months of rehabilitation for a broken hip, all that Eta Eckstein wanted was to go back home to her Brooklyn apartment. The 92-year-old Holocaust survivor had lived at 8750 Bay Parkway for 40 years, but when her son visited her … Read More

Which Bronx Apartment Building Owner Has A Warrant Out For His Arrest?

May 20, 2010 by Neil · Leave a Comment 

There’s a 72 year-old apartment building located at 1585 East 172nd Street in the Bronx. And she looks older than that: You can see the sky from some of the units. Rain leaks in. Cockroaches and rats plague the tenants … Read More

Which New York City Apartment Building Was A Drug Kingpin’s Fortress?

May 14, 2010 by Neil · Leave a Comment 

An apartment building tucked away on a one-way street in the Morris Heights section of the Bronx was the guarded fortress for a drug kingpin and his cronies: They could see every car coming their way and brandished guns when they sensed … Read More

Quiet Deal of the Week: 50+ Unit Bronx Apartment Building With Retail For Sale (Seller Financing) – REAL 9.11 CAP

April 5, 2010 by Neil · Leave a Comment 

For more information on this Bronx apartment building, click here. The Bronx is the northernmost of the Five Boroughs of New York City. It is also the newest of the 62 counties of New York State. Located northeast … Read More

Quiet Deal of the Week #2: 10-Cap 25-Unit Bronx Apartment Building

April 2, 2010 by Neil · Leave a Comment 

To get more information on this Bronx apartment building, including rent roll, expense breakdown, cap rate, and exact location, click here. The Bronx is the northernmost of the Five Boroughs of New York City. It is also the … Read More

Quiet Deal of the Week #6: Bronx Elevator Apartment Building For Sale With 73% Assumable Financing

March 19, 2010 by Neil · 1 Comment 

Verifiable principals with proof of funds only. • $1mm cash above assumable mortgage makes deal (1% assumption fee) • Between Van Cortlandt Park & NY Botanical Garden • Large, spacious units • Cap: 8.5 • 7.5x RR • Price: $4,120,000 For … Read More