Yon bilding melanje ki gen 7,750 pye kare ki gen nèf apatman twa chanm sou de espas komèsyal: yon restoran ki ap fonksyone ak yon cave pou manje ak yon magazen ki lwe pou yon magazen soulye.

Tit la: sis nan nèf apatman yo ap delivre vid sou 1ye Septanm, e chak inite nan bilding lan se nan mache lib. Yon investisè ka kòmanse renovate majorite pati rezidansyèl la depi premye jou a, san negosye nenpòt akò garanti ak san lwe reglemante pou travay sou yo.

Matematik pou ajoute valè a senp. Chak apatman se yon konsepsyon twa chanm, youn twalèt. Ajoute yon dezyèm twalèt, lave nan inite a, ak fini modèn, e inite sa yo ap lwe pou yon lòt pri. De lokatè komèsyal yo kontinye peye pandan travay la ap fèt, kidonk bilding lan pwodui revni pandan tout repositioning nan.

Kote a fè rès la: de blòk kout pou Central Park, apeprè dis blòk pou Columbia University, ak tren 1, B, ak C tou pre ak restoran Columbus ak Amsterdam nan pòt kay la.

Pifò kontra pou ajoute valè fè ou tann plizyè ane pou vid la. Sa a ba ou li nan fèmen.

A 7,750 SF mixed-use walk-up with nine free-market three-bedroom apartments over two commercial spaces: an operating restaurant with basement dining and a retail storefront leased to a shoe store.

The headline: six of the nine apartments will be delivered vacant on September 1, and every unit in the building is free-market. An investor can start renovating the majority of the residential portion on day one, with no buyouts to negotiate and no regulated leases to work around.

The value-add math is straightforward. Each apartment is a three-bedroom, one-bath layout. Add a second bathroom, in-unit laundry, and updated finishes, and these units rent at a different number. The two commercial tenants keep paying while the work happens, so the building produces income through the entire reposition.

The location does the rest: two short blocks to Central Park, roughly ten blocks to Columbia University, with the 1, B, and C trains nearby and the restaurants of Columbus and Amsterdam at the doorstep.

Most value-add deals make you wait years for the vacancy. This one hands it to you at closing.