If you’re in the market for an apartment building, you may want to consider working with a team of Investment Sales professionals. A skilled team of investment professionals can help you purchase, sell, and manage apartment buildings, condominiums, and single family homes. This process is customized to meet the goals of the clients involved. The listing broker oversees the marketing process, and the entire investment sales team works as a team to guide all parties through the process.
Throughout the fourth quarter of 2016, sales activity increased by nearly 20 percent. That growth accelerated after the 1986 and 1987 tax reform acts changed the deductibility rules. Investment sales in 1987 increased by nearly three percent, which accelerated the trend. In 1988, activity reached 3.5 percent. But the tax increases in 1986 and 1987 “stole” much of that growth. Instead of increasing their profits, the owners of these properties sold their properties before the tax reforms were passed.
In the fourth quarter of 2018, New York City’s investment sales market reached a record high, surpassing levels last seen in 2018. The total dollar value of New York City investment sales climbed to $13.8 billion, a 143 percent increase from last year. That amount accounts for nearly half of the $28 billion estimated to be sold in 2021. This growth continues to show signs of improving market conditions for the future, but many investors are cautious. Learn about the Buildings For Sale New York City now.
Eastern Union has expanded its investment sales business, launching operations in the Mid-Atlantic region. In addition to offering investment sales services in New York, the company is also expanding its commercial mortgage brokerage capabilities. In addition to Mr. Weiss, Eastern Union’s investment sales division also recently hired industry veteran Ben N. Visa as its Senior Managing Director of Investment Sales New York City and Greater Tri-State Area. If you are a real estate investor looking for a place to buy or sell an apartment building, the Eastern Union investment sales team has a solution for your needs.There have been a number of HPD Violations New York City in recent years. In March of 2018, the owner of a building in Brooklyn was fined $600,000 for neglecting a number of safety violations, including failure to provide adequate fire exits.
In December of 2017, another building owner in the Bronx was fined $1.25 million for a litany of housing code violations, including failing to provide heat and hot water to tenants.
In February of 2019, yet another landlord was hit with a $5 million fine for housing code violations at an apartment complex in the Bronx. The violations included inadequate heat, hot water, and electrical service, as well as mold and roach infestations.
These are just a few examples of the many HPD violations that occur in New York City every year. With so many buildings crammed into such a small space, it’s no wonder that violations are so common. You should also know about the New York City Real Estate Taxes, before investing your money. Landlords must be vigilant in making sure their buildings are up to code, or they risk heavy fines.
If you’re a tenant in New York City, it’s important to know your rights. If you suspect that your landlord is violating housing codes, you can file a complaint with the HPD. You can also contact a lawyer to discuss your options. Don’t suffer in silence – speak up and get the help you deserve.