Do Not Pass up 16 to 17x’s income deals now, Great 1031 deals right (MIDDLE VILLAGE/RIDGEWOOD) $2488000

DOING A 1031 EXCHANGE AND NEED TO IDENTIFY A PROPERTY TO PURCHASE/
EXPERIENCED INVESTORS KNOW THAT SOME DEALS ARE SELLING AT 20 X’S INCOME.
SOME OFFERS OF 22 X’S INCOME ARE BEING REFUSED.
SO WHAT IS WRONG WITH A 5.2% CAP? WHAT IS WRONG WITH A TAXPAYER-3 STORES? *MIDDLE VILLAGE
INCOME $150,000 THIS YEAR IN INCOME. LEASES GO UP EVERY YEAR IN RENT AND TENANTS PAY A PORTION OF THE TAX INCREASES. NO APARTMENT TENANTS TO DEAL WITH.
74-17, 74-19, AND 74-21 METROPOLITAN AVENUE. (10 YEAR LEASE, 8YEAR LEASE, AND A 3YEAR LEASE LEFT ON LAST ONE) AGAIN INCOME NOW IS $150,000 DOLLARS. ASKING PRICE VERY ACCURATE $2,488,000.
LAST OFFER $2.3 MILLION AND OWNER COUNTERED AT $2,450,000
WORTH AT LEAST 16 X’S INCOME. EITHER $2.4 MILLION OR 2,450,000 PURCHASE PRICE.

2) 12 FAMILY BRICK ON CORNELIA ST., OFF MYRTLE AVENUE, RIDGEWOOD,NY 11385
CONDITION VERY GOOD! ONE BEDROOM APARTMENTS AND STUDIO APARTMENTS.
STEPS TO THE SUBWAY. INCOME $186,294.84
WORTH 17 X’S INCOME TODAY. ASKING $3,650,000

YOUR CHOICE. BUT PAYING 20 OR 22X’S TIMES INCOME FOR A 6 FAMILY IS WAY OVERBOARD

JIM TURANO/BROKER show contact info


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