Despite negative commercial real estate publicity, selling commercial real estate in today's market can still be successful. Investors continue to buy well located apartment buildings with strong cash flow at aggressive prices. In fact, selling your apartment building now has several benefits. First, your investment property will have less competition and therefor will receive more attention. More attention leads to more competition, more offers, and a higher sales price. Second, sell in 2010 and pay only 15% in capital gains taxes. The capital gains tax is set to increase in 2011; read our previous blog article for more specifics. Third, cap rates are still low and GRM are high. Building Equity RE recently sold a 6 unit apartment building in the Lakeview neighborhood of Chicago for a 7 cap. Even more encouraging is that the buyer received financing at 75 LTV. Apartment buildings with strong cash flow and low vacancy are still selling for high prices. Call Building Equity RE for a free market analysis and a custom made marketing plan.
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Peter Lynn & Dan Rosenberg | |||
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Building Equity Commercial Real Estate |
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