WHY PAY FOR A SELLER'S POOR DESIGN CHOICES

While you can’t change the building or its location, an apartment in many ways is just a box with a view. And while the vast majority of buyers, especially in NYC, want to avoid the hassles of renovations, we have had considerable success working with buyers in finding value opportunities among properties that need some TLC. Buyers typically get more space, a better location and avoid bidding wars in these situations.

And if you are still convinced that it is a “turn-key” property you want, remember that even this typically represents a compromise of style and design elements, with most buyers eventually spending considerable money to make changes to even these homes. After viewing many properties during the search process, you will be flush with ideas on what you like – so rather than paying a seller for their personal choices (often poor ones), we will help by pairing you with a team a trusted architects, designers and contractors to make your new home what you truly seek. Oh, and when we list to sell down the line, your return on investment will be boosted by the fact that most buyers (and their agents) are not as wise as you were and will pay top dollar for what you have created.

AND IT’S EVEN BETTER WHEN YOU CAN BUY THIS OPPORTUNITY BEFORE IT HITS THE MARKET

To illustrate the value of buying a property in need of some TLC, consider the above, fully-renovated 2 Bedroom, 2 bathroom Hell’s Kitchen Co-Op with high ceilings, designer finishes and in-unit laundry that sold this past Spring for $1.25MM. The same apartment, the floor above, will be listed shortly for $900K. The same contractor who renovated the apartment above will do a comparable renovation for $125,000. With an all-in investment of $1.025MM, the buyer would have instant equity of $225K and a brand new home in a hot neighborhood, with little 2 bedroom inventory, in a co-op with a flexible board & excellent financials. If you, or someone you know is interested in this opportunity please let us know and we can get you in before it hits the market.