05/10/2025
Long term relationships with good people mean the world to me. I initially met the seller’s family in 2013 and stayed in touch for over a decade, updating evaluations, providing market updates and fostering the relationship. Life forced the sale, and the earned trust allowed me to collaborate with the owner’s daughter, who was an absolute warrior throughout the process. She worked through a failed contract and ultimately secured a motivated buyer, at a near full price offer. Thank you to the seller’s attorney, Alain Mulkay, for his fierce representation of our mutual client. Thank you to the purchaser and his attorney Alan Molina for working through the process. The collective local knowledge brought by my brokerage experience and the legal teams on both sides of the transaction, successfully brought us to closing.
Transaction Highlights
· Six Unit Value Add
· Three Story Walk-up
· Long Term Ownership
· Well Maintained
· Multiple offers
· Sale Price: $1,150,000
· Near Record Pricing
· $191,666 / Unit
· 5.86% Cap Rate
Call me for a free property evaluation, to discuss your acquisition criteria or for insight into current market trends and conditions (917) 650-5335.