Jengo la mchanganyiko lenye ukubwa wa 7,750 SF ambalo lina nyumba tisa zenye vyumba vitatu za bure sokoni juu ya maeneo mawili ya kibiashara: mgahawa unaofanya kazi wenye eneo la chakula la chini na duka la rejareja lililopeanwa kwa duka la viatu.

Habari kuu: sita ya nyumba tisa zitakabidhiwa bila wapangaji mnamo Septemba 1, na kila kituo kwenye jengo ni bure sokoni. Mwekezaji anaweza kuanza kukarabati sehemu kubwa ya makazi siku ya kwanza, bila malipo yoyote ya kubadilishana na bila mikataba inayodhibitiwa ya kufanya kazi nayo.

Hesabu ya kuongeza thamani ni rahisi. Kila nyumba ina mpangilio wa vyumba vitatu, bafu moja. Ongeza bafu ya pili, vifaa vya ndani vya kufulia, na viwango vilivyosasishwa, na vitengo hivi vinakodishwa kwa nambari tofauti. Wapangaji wawili wa kibiashara wanaendelea kulipa wakati kazi inafanyika, hivyo jengo linaweza kutoa mapato wakati wote wa mchakato wa kubadilisha.

Mahali ilipo inafanya mengine: blocks mbili fupi hadi Central Park, karibu blocks kumi hadi Chuo Kikuu cha Columbia, huku treni za 1, B, na C zikiwa karibu na migahawa ya Columbus na Amsterdam kwenye kaguzi za mlango.

Mikakati mengi ya kuongeza thamani inakufanya ugojee miaka kwa ajili ya upungufu. Hii inakuletea mara moja unapofunga biashara.

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.