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Comment of the Day

"I think for an investor, the numbers are way off. At zero interest, the note alone is $243,000 a year. No interest will have been paid, no brokers fees will have been paid, no maintenance has been paid, no management fees paid, no taxes paid. At the brokers over enthusiastic number of $349,000 in net income how does an investor make money on this building? Also, it seems the building is vacant, so deals will need to be made with new tenants lowering the rent roll. They're banking on price per square foot to carry them to the low 7's."?jonnyobrien [New Williamsburg Rental Building Seeks New Owner for $7.3M]