So is there optimism in commercial real estate in New York? I think so.
Well in the market, people are a bit concerned. Are we in a recession? Are we going into a deep recession? Are we going towards a depression? All these words are thrown out on TV, on the news, and in different mediums, but what does that mean to you as a commercial real estate investor?
You’ve previously talked a little bit about air rights as well as zoning, now those things are not fixed, in finite things here in New York City.
So in my last video, I talked a little bit about zoning. However, one thing we haven’t talked about is air rights.
In New York City, that can be one of the most valuable things an owner has in their property.
We all see it online, every single day. There is someone telling us how much more money we can make off of real estate by doing all kinds of crazy things. Save yourself the headache. Ignore all the get-rich-quick schemes. They’re just going to cost you money in the long run.
So commercial leases come in various forms. Some are modified gross leases.
So if you are a tenant, and you’re going into a relationship or a lease with an owner, please be sure to talk to your broker about what is the type of lease the owners offer – is it modified gross, is it a gross lease, is it a percentage lease or a triple net lease?
So if you’re a small business and/or an investor, and you’re looking to transact in commercial real estate, what can you expect from me?
So in a world full of real estate agents, full of professionals that have been in this business for 5,10,20 even 40,50 years here, how do you stand out as an agent?
Time kills deals. Why? Mostly because you lose momentum.
So if you’re working on a transaction and or you’re thinking about buying a commercial asset or selling your commercial asset, timing is everything.
What are five things I wouldn’t do as your commercial real estate specialist?
When it comes to this business, relationships are everything. How people experience you is huge not just for you personally but for the way your client’s offer is experienced.
So I hope that helps, and I can’t wait to see you along in this game.
What are five things I wouldn’t do as your commercial real estate specialist?
Suggest a client purchase something that is out of their price range or a budget that they’re comfortable with.