TriStateMixer is the Largest Real Estate Investment Association in NY, NJ, & PA
This 30-unit mixed use building, value-add opportunity, which is about 90% complete is available off-market. It features 20 - 3 bedroom / 2 bath apartments, and 10 bi-level commercial studios, great for national retail tenants (like a bank, grocery store, hardware, furniture). The property is an estimated at 46,000 sq. ft.
The Proforma's stabilized cap rate is 8.5%.
The asking price is $13.5M with the finishing touches on the property it will be worth well over 17 mil, i believe its only cosmetics left to be finished.