Blog
Bizarre New York City Apartment Building Murder of the Week
March 12, 2010 by Neil · Leave a Comment
New York City’s murder rate has plummeted for years, dropping to 1963 levels. Since New York City has significant vertical density (the classy way of saying “we got a lot of tall buildings here”), it is no surprise that so many murders in New York City occur inside New York City’s apartment buildings.
Multifamily Investor has [...]
Manhattan In The Desert: New York City Apartment Buildings From Mud
March 12, 2010 by Neil · Leave a Comment
After learning the fate of New York City apartment buildings in an earthquake, you might think that we might as well live in high-rise apartment buildings on sand. You don’t need to push your imagination to conjure that picture…It already exists.
Rising out of the desert in the South Arabian Peninsula, ancient high-rise apartment buildings made [...]
Quiet Deal of the Week #4: Bronx Apartment Building With Retail For Sale (Seller Financing)
March 12, 2010 by Neil · Leave a Comment
**Aggressive seller financing included. **
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 of Manhattan and south of Westchester County, New York, the [...]
What New York City Apartment Building Developer Has Lost His Bank?
March 12, 2010 by Neil · Leave a Comment
New York City has not seen regulators close a bank since December, 1999, when Golden City Commercial Bank’s two branches in Flushing, Queens, and Lower Manhattan were shuttered. This week, real estate developer Shaya Boymelgreen’s LibertyPointe Bank got the axe. Taking over and rebranding the LibertyPointe bank network of three branches? New Jersey-based Valley National [...]
Quiet Deal of the Week #3: Waterbury Elevator Apartment Building Note For Sale
March 11, 2010 by Neil · Leave a Comment
For more information on this Waterbury apartment building note, click here
The portfolio is for first mortgage on a Waterbury multifamily elevator apartment building.
Waterbury (nicknamed the “Brass City”) is a city in New Haven County, Connecticut, on the Naugatuck River, 33 miles southwest of Hartford and 77 miles (124 km) northeast of New York City. [...]
Quiet Deal of the Week #2: Hartford Apartment Building Note For Sale
March 11, 2010 by Neil · Leave a Comment
For more information on this Hartford apartment building note, click here
The portfolio is for first mortgage on a Hartford multifamily apartment building.
Note is at least 6 months in arrears.
Hartford is the capital city of the U.S. state of Connecticut. It is located in Hartford County on the Connecticut River, north of the center of [...]
Quiet Deal of the Week #1: Bronx Apartment Building Note For Sale
March 11, 2010 by Neil · Leave a Comment
Bronx, New York apartment building note portfolio for sale – 20 units. For more information on this Bronx apartment building note, click here
The portfolio is for first mortgage on Bronx multifamily apartment building.
This apartment building note is for a Bronx apartment building south of Westchester Avenue and north of East 163rd Street.
Note is [...]
Stuyvesant Town’s Arbitrary Aftermath & Tribeca Multifamily
March 11, 2010 by Neil · 4 Comments
Before the now legendary Stuyvesant Town / Peter Cooper Village decision, New York City apartment building owners believed that if they accepted tax breaks under the J-51 program, they would also be allowed to remove units from rent regulation once the legal rents exceeded $2,000 per month. This conclusion was not a leap of faith. [...]
How Would An Earthquake Impact New York City Apartment Buildings?
March 11, 2010 by Neil · 1 Comment
New York City hasn’t been rocked by an earthquake since 1884, when a 5.2 tremor rocked Rockaway Beach. In light of recent earthquakes in Chile and Haiti, many here wonder: How would New York City’s different apartment buildings sustain the damage?
1) Townhouses, brownstones, and tenements.
Result: Pancaking.
Since their stone or brick shells cannot flex, they will [...]
Corner Bed Stuy Brooklyn Apartment Building For Sale
March 10, 2010 by Neil · Leave a Comment
For more information on this Bed Stuy apartment building, click here
Motivated seller for this 4-story corner walkup apartment building for sale.
Almost half the building may be vacant by the end of the year.
Walkup apartment building for sale will be delivered with multiple vacancies. Significant upside for investors.
Bedford-Stuyvesant (also known as Bed-Stuy) is a neighborhood in [...]
Which Flatiron Apartment Building Has Dozens Of Illegal Units?
March 10, 2010 by Neil · 1 Comment
A 16-story prewar elevator (in this case, World War I) apartment building in the Flatiron District built in 1910 was evacuated. The fact that the building was 100 years old had nothing to do with the evacuation. Instead, two unrelated and deadly factors required urgent action: (1) lack of sprinklers; (2) illegal partitions. The Department [...]
Chicago Apartment Building Owner’s Arson Kills 7 Tenants
March 8, 2010 by Neil · Leave a Comment
Multifamily Investor has focused its lens on recent tragic events in New York apartment buildings. Owners may be held responsible for the aftermath of events with fatal results, even when they played no direct role (such as a fatal fall down an elevator shaft pried open by the victim, a fire deliberately set by an [...]
