Not exact matches
The latest valuations — according to Moodys / REAL Commercial Property
Price Index — show
prices for U.S. retail, industrial,
apartment and office
buildings have fallen on average by half from their mid-2007 high and are back at 2001 levels.
Even if the metro
builds quickly, which we assume they will,
prices would rise due to increased competition
for apartments by renters with significantly higher incomes.
Under the old rules, once an owner left, his
apartment had to be sold back to the
building for the purchase
price.
Because independent agents work with multiple insurance providers instead of just one, they can look
for the best coverage
for apartment and
building complex owners while also looking
for the best
prices.
Because independent agents work with multiple insurance providers instead of just one, they can look
for the best coverage
for apartment and
building complex owners while also looking
for the best
prices.
The
price of renters insurance varies depending on a number of factors, such as the area of the country in which the home is located, the type of policy (such as military renters insurance), in which part of a city or on which floor of a
building an
apartment or loft might be situated,
for example.
Rising raw materials
prices create «a barrier of entry» to
building rental properties, a phenomenon that will eventually lead to rising rents
for offices and
apartments, Zell said in the interview at the Milken Institute Global Conference in Beverly Hills, Calif..
Last fall, PNC Place in Washington, D.C. set a new high watermark
price for the office sector when the office tower sold
for $ 392 million or $ 1,075 per sq. ft. And just last month, OneEleven, a luxury 60 - story
apartment building in Chicago, sold
for $ 328.2 million or $ 651,000 per unit.
The
price is reportedly the highest ever paid
for an
apartment building of more than 50 units in that city.
If you can complete a major renovation / value play it is possible to purchase something distressed and fix up
for lower then perceived retail
price, however this takes a massive amount of capital and knowledge to execute on the scale of an NYC
apartment building.
The
pricing premium
for easy pedestrian access appears to be most obvious
for apartment buildings, RCA reports.
«There is an acute shortage of housing
for rent [at an affordable
price] and the expensive
apartments are empty, so maybe it will not be necessary to
build a lot of new housing
for high - salaried Amazon employees.»
A New York federal court has considered whether a disabled tenant's request to move into a higher
priced apartment within the same
building at her current rental rate could constitute a reasonable request
for accommodation by the tenant.
One East Village
building that sold
for 2.5 million in the 1980s now has individual
apartments for that
price.
For an
apartment building, however, you will either need to call a company to get a
price to cut the grass and maintain the yard, or recruit a local neighborhood kid who won't mind doing it to make some extra money.
Most recently, he achieved a record - setting
price at the Fortuna House
apartment building in Edgewater — more than $ 200,000 per door —
for an older
apartment building in the Edgewater area.
The average
price per unit
for an
apartment property is approximately $ 72,200, which means a 5 - unit
building could cost $ 361,000, a significant sum
for a first - time investor.
The
price per unit set a new record
for vintage
apartment buildings in the neighborhood.
Investors keep looking
for apartment buildings to buy at good
prices.
Completed in 2014, the Arlington Mill Residences is a four - story
apartment building in which all 122 units are
priced for households earning less than 60 percent of the area median income.
For example, in valuing the projected sale
price of an
apartment building that produces a net operating income of $ 10,000, if we set a projected capitalization rate at 7 %, then the asset value (or
price we would pay to own it) is $ 142,857 (142,857 = 10,000 /.07).
NEW YORK (Reuters)- A boom in newly
built luxury
apartments in Manhattan has skewed
prices for the overall residential real estate market in the borough and masked a sharp drop in transaction volume over the past five years, a property report on Wednesday showed.
As U.S. real estate sale
prices have declined faster than rents due to the economic crisis, cap rates have returned to higher levels: as of December 2009, to 8.8 %
for office
buildings in central business districts and 7.36 %
for apartment buildings.
Even if the metro
builds quickly, which we assume they will,
prices would rise due to increased competition
for apartments by renters with significantly higher incomes.
This shift, along with high
building and land costs, has caused developers to focus on bringing more high - end units to market, which pushed up the median asking
price for new
apartments 27 % between 2011 and 2016.