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Investment Properties in Upper East Side : Real Estate Advice

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  • Home Buying63
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Activity 3
Tue Apr 11, 2017
Matthew Tejeda answered:
Thu Feb 26, 2015
Steve Riddle answered:
I often answer this question with a child's Voice. Loss of income due to no performance is a schedule e deduction. In other words, loss is not loss but balance sheet proforma
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Wed Apr 25, 2012
Ronnie Shumake answered:
Investor,

This building offers a wealth of amenities in the building. There is little in the ENTIRE city that compares in that respect. With that being said, what it will get on the rental market is a tricky question because of it's distance from the subway system right now.

That is always a huge factor for renters. If you are focusing on renters that work nearby (Medical professionals) than perhaps less so. Either way, you will need to be very educated on the market for rentals here. With vacancy rates so low, it is a very important thing to consider.

With the location as it is, it's still probably better to err on the conservative side with projected rental income for a few years, at least until that Second Ave subway is operational.

Best regards,
TOWN
45 Horatio street
New York, NY 10014
Office: 212 604 0300
Mobile: 917.423.5004
Fax 646.738.7415
E: rshumake@townrealestate.com
W: www.townrealestate.com
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