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Search results

  1. K

    Real estate development...

    REAL ESTATE 
    Entrepreneur, I'm an undergrad who was looking to pursue a degree in Real Estate & Metropolitan Development however, I basically slowed down with school after I landed a job as an Commercial/Industrial Real Estate broker at a boutique firm that services the Metro NYC area and LI. I never...
  2. K

    The "Safest" Place For Your "Assets"

    HOT! 
    ak47's are on back order for 2 weeks. cousin is waiting for delivery $599 shipped
  3. K

    Industrial and retail space

    REAL ESTATE 
    retail was right behind the apartment bldgs with offices not far behind. many of the developers that can't move their condo units are holding onto them as rentals until the market turns as well. Long Island City, Queens and Greenpoint, Brooklyn have been devoured by developers in the past 7...
  4. K

    Industrial and retail space

    REAL ESTATE 
    It came to me as a surprise when I read the highest percent of commercial mortgages going in/already in default were on apartment buildings. The article was from The WSJ and stated that many Landlord's purchased these buildings for above market value and now that it is time to refi, the...
  5. K

    Industrial and retail space

    REAL ESTATE 
    I'm not an expert, yet :smxB: but here's my contribution. In NY there is a way to obtain 10% financing on user/investor (51% usage/49%usage) for the property but If you are looking to purchase let's say a retail shopping centers or a multi-unit industrial building, as an investor. The banks...
  6. K

    Industrial and retail space

    REAL ESTATE 
    what kind of advice lol
  7. K

    Another day in the battefield.. Rant On

    REAL ESTATE 
    Well, I am a commercial broker and currently I am representing a Landlord (who is a pain in the %*#!@) on a 3-story new construction development. We have 7,500 SF ground floor retail + 2nd & 3rd story 7,500 SF each community use facility. A few months back we farmed a daycare facility to...
  8. K

    Renter and landlord situation -looking for advice from both sides

    OFF-TOPIC 
    Re: Renter and landlord situation -looking for advice from both s False. I believe some landlord's in my area go by 5% annual increase on the free market apt's if you sign a 2-year lease. Btw, what part of NY are you in? Hope it all pans out for you and your family.
  9. K

    Madoff Scandal Shaking Real Estate Industry

    REAL ESTATE 
    ditto. The family has to hire a home security team to monitor all his entrances/exits because people want him dead. He's safer home than in the jails at this point
  10. K

    Depression in 2009? Not really.

    :iagree: I go to Queens community college and I see people there driving brand new g37's, evo viii's & ix's with plenty of mods done to them, etc. wearing $300+ prada sneakers and true religion jeans, the works - talking on a blackberry and texting on a sidekick,BUT you see them around campus...
  11. K

    Need Advice on a First Deal

    REAL ESTATE 
    First off, is this short term or long term? If it is for a long term investment, find out if the board will allow you to sublet. Most coop's in Queens & Nassau county do not allow you to sublet and if you must (because of travel or going away for a year on business, etc.). If the board approves...
  12. K

    How to start and make a development & investment firm fastlane?

    REAL ESTATE 
    Re: How to start and make a development & investment firm fastlan No not really. If they needed it to pay their mortgage why is the apartment sitting on the market for 6-9 months rather than 1-2 months? I do believe in a profit otherwise there is no reason to be in this business or any...
  13. K

    How to start and make a development & investment firm fastlane?

    REAL ESTATE 
    Re: How to start and make a development & investment firm fastlan No. I am referring to the landlords who charge top dollar and won't give anyone a break. For example, We own a 3-family home near a private university. Many of these student's got scholarships or partial scholarships and pay the...
  14. K

    How to start and make a development & investment firm fastlane?

    REAL ESTATE 
    Re: How to start and make a development & investment firm fastlan Why don't you start with the boroughs surrounding NYC; i.e. Brooklyn & Queens. With $1.5-3m you can purchase a nice mixed-use property that will give you a NOI of $100k+ depending on the lease's that were structured if you...
  15. K

    Supermarkets

    REAL ESTATE 
    Anyone own any? I know that national supermarkets - King Kullen, Super Stop & Shop, Pathmark, etc. make great tenants from a landlords point of view but I have met many groups of investors who have a chain of supermarkets - most specialize in supplying a specific type. One group has 5 markets...
  16. K

    Solar energy panels

    REAL ESTATE 
    I believe that it might come in useful if you get grants from the city & tax breaks. Coming from NYC there is so much competition among investors, that these reduced monthly energy costs could be an incentive for your prospective tenants.. Or if you are a developer who is doing a loft...
  17. K

    Solar energy panels

    REAL ESTATE 
    I don't know much about solar energy panels & their lifetime, etc. Today I was wondering if investing in solar panels to provide energy for a multi-family or a small strip center would be worth it. So I did some googlin' and stumbled upon this article. What's your take on this.. From the NYT...
  18. K

    Happy Birthday FASTLANE!!!

    OFF-TOPIC 
    Kudos to MJ, happy birthday Fast Lane! One of the greatest forums
  19. K

    The time is near...

    REAL ESTATE 
    Queens, New York
  20. K

    Happy 4th of July!

    OFF-TOPIC 
    Have a happy & healthy 4th of July everyone. Prayers go out to those fighting for our country.
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