There is plenty of information being written about the effect of Covid-19 on commercial real estate sales, but most of it pertains to large transactions; Small transactions, those that are primarily under $1 million dollars, tend to fly under the… Read More ›
Every transaction has a story. In this case the owner was an absentee landlord who claimed little knowledge of the building’s operating costs. The result was that due diligence was a non-stop struggle to nail down numbers that supported a… Read More ›
I was happy to represent the buyer, an experienced Newark investor, in this transaction. While it took many months to sort out and confirm incomplete data, things worked out well in the end. Data from Costar… On 5/6/2020, this 7,150… Read More ›
I represented the buyer for this property on Avenue C in Bayonne. It was my first deal in Bayonne and I have come to really appreciate the town for several reasons: its proximity to Jersey City and New York… Read More ›
CoStar Insight: Vacancies Are Projected to Reach Record Highs By Adin Perera CoStar Analytics May 1, 2020 | 01:04 P.M. Every scenario in Oxford Economics’ April forecasts predicts significant job losses in the Northern New Jersey area in the second quarter…. Read More ›
From Costar Group, the leading provider of commercial real estate information, analytics and online marketplaces. Publication date: 1/27/20202 Expansion of Justice Complex in Newark to Be Named After Martin Luther King Jr. A new building at the Essex County Hall… Read More ›
Deciding to buy a commercial property starts with a first-cut look at some basic numbers including revenue, expenses and rent roll, all of which should be provided by the property owner’s agent. This is a crucial step in deciding if… Read More ›
CoStar Insight: Attracting Renters to Area’s New Higher-End Inventory May Prove to Be a Waiting Game By Adin Perera CoStar Analyst January 21, 2020 | 10:47 A.M. New Jersey’s Eastern Union County apartment market saw a decline in demand last year as attracting… Read More ›
As a REALTOR specializing in investment real estate, a key fundamental is the cap rate, an easy-to-calculate ratio (net operating income divided by the purchase price) that indicates a rate of return. The cap rate assumes a cash deal, which… Read More ›
Demand for apartments hit a high not seen in five years as a shortage of affordable homes has locked an increasing number of Americans out of the market. According to recent data from RealPage, the national occupancy rate rose to 95.8% from 95.4%… Read More ›