Saturday, April 30, 2022
Best Property investment to buy!
May 1,2022 Property Investors......
Think ahead and tealize that if you ate looking for an Investment Property, think
Detached Commercial Property with Parking.
Forget the old way of thinking and begin the new guaranteed way of constant rental growth and constant property appreciation
Guaranteed continuing growth for your tenants when parking is available. Therefore it’s always easier to attain rent increases in the future. Adding more value to your property in the future when you sell.
Example:
Restaurants, dance school, catering hall and offices.
Example: Area- Middle Village, NY 11379
12,000 sq. ft, Building with 25 Car parking Heavy traffic and Pedestrian traffic
Asking $4,950,000
Under $420 dollars per sq ft
Search under Craigslust, NY
Broker- James Turano
servicing the Communities for 43 Years.
1-347-837-9206
Thursday, April 28, 2022
May 1, 2022 Real Estate Update-Middle Village, NY
Middle Village and surrounding areas.
Home sales have slowed down. The market is flooded with himes. Most homes are not oriced correctly.
The asking prices need to be modified downward by 5% minimum
Im doing this for 43 years now and have appraised over 4,000 homes to date.
Between pitential Recession on the horizon and too many homes on the market, adjustments need to be made.
If you want to sell thus year.
Mirtgage rates higher than three months ago, so with so many homes on the market,
prices need to cone down to be competitive.
Agents/ Brokers cant go by comps alone, improvements on recent sales must be considered
James Turano/ Broker
Middle Village, NY
347-837-9206
Saturday, April 23, 2022
Maybe once every 50 years do you get an opportunity like this! Real Estate for sale!
Totally detached huge oroperty with parking. Built around 1960.
Commercial building sitting on Eliot Avenue in Middle Village, NY 11379
12,000 sq ft building
4,000 per sq ft per floor
parking for 25 cars
Great 1031 Exchage
All tenants oaying today!s going rents.
afdress: 74-02 Eliot Avenue
Friends of family so working on extremely low commission.
Buyers brokers welcomed
fir complete details text broker
James Turano 1-347-837-9206
Advertised on Craigslist, NY
One of a kind property
Projected Income $239,000
Size and parking adds Value
Option for Doctors/ Pre School
Buy out two first floor owners businesses and they will vacate
under $500 per sq ft eliminates all other lustings on the market today
Triple AAA location
Rated April 23, 2022 As best current Commercial Property for sale today in all of Queens.
Middke Vilkage borders elmhurst/ Maspeth/ Ridgewood/ Firest Hills/ Glendale abd Rego Park
Sunday, April 17, 2022
April 17,2022. Real Estate Update
As appeared in Wueens Chronical
On real estate, the second wave is already on its way. The first two years of Corona virus killed the restaurant businesses and most retail businesses. It also slowed down the housing market.
Many landlords couldn’t collect their rents and in addition the new rent stabilization law, passed several years ago, is making the sales of such buildings less attractive, virtually keeping investors away totally from purchasing.
Now with inflation and mortgage rates going up, investors are left with few little choices to buy.
The old multiple used by investors of 10 to 12 times income will go down. The best investment to purchase in the future is a detached commercial property with parking and anchor tenants paying going rents. That multiple will be 15 times the yearly income in the coming days ahead.
It’s guaranteed that going rents, plus tenants paying toward taxes, will be the No. 1 investment for any investor.
With 43 years in the business and as the author of hundreds of local articles, I’ve had my finger on the pulse for decades.
James Turano 1-347/837-9206
Middle Village
QueensChronicle.com
Saturday, April 16, 2022
1031 Exchange Specialist, James Turano
1031 Exchange Specialist in Queens, NY
covering areas of Middle Vilkage and surrounding areas
Author of over 500 Teal Estate Articles in 7 Local newspapers
Update, April 16, 2022
Current Buyer Multiples on following:
Mixed use average 10 x's yearly income
Rent stabilized buildings,8 times income
Detached Commercial buildings with parking and tenants paying today's going rents, 15 times yearly income.
James Turano Inc 1-347-837-9206
Middle Vilkage, NY
Friday, April 15, 2022
Investors***Real Estate April 15,2022
Investors get up to date when determining
a value on a property.
Lowest Multiple is 10x's yearly income...
This is for run down properties and ir rent stabilized buildings.
The highest Multiple is 15 x's Income.
This encompassses Location, age if building,including the fact that the building is fully detached, has a parking lot, and most importantly collecting
going rents today.
Lastly, if property that includes all of the above, and being offered at under $500 dollars per sq ft, look no further.
Where to find a property like this?
Simple sites like Craigslist, NY
Local Realtors who do not charge owners 6% commissions, advertise on Craigslist, NY. Especially if stated Buyers broker welcomed.
The number one investment property
compared to Rent Stabilized apartment buildings.
James Turano Inc 1-347-837-9206
Broker-with 43 years of experience
Completed over 4,000 written appraisals
to date.
Monday, April 11, 2022
1031 Exchange Special
April 11,2022 1031 Exchage Property
Simple and Easy....
8,000 sq ft property
with 12,000 sq ft building
Anchor tenants on first floor
willing to pay going rents
Area- Middle Village
25 car parking on Eliot Avenue
Under $500 per sq ft adking
$5.8 Million
send for set up
Better deal than another property for sale at$12.5 Million asking, at $1,000 per sq ft and anchor tenant vacating.
Not on MLS
Only through James Turano Inc
1-347-837-9206
Totally Detached Commercial Property
with parking
Great 1031 Exchange
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