new to ny market since i just moved. about $2M entry, all small unit with a good mount of turnover, but at 5% cap and fully rented with rent stabilization. In a good neighborhood with close proximity to 3 different train lines in Brooklyn. Is this something you would underwrite? how do i think about NY real estate market?
happy to share my returns math / underwriting model from overline iq. can someone help?
would you invest in a 5% cap fully rent stabilized multifamily brownstone in Brooklyn, NY
byu/Samtyang inRealEstate
Posted by Samtyang
1 Comment
Where is the 5% cap coming from?