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Archive for April, 2007

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What happened at the 65 Broad St auction?

What happened was we sold the one unit without reserve or minimum to a private party for $400,000 (or almost $640/foot). This buyer chose unit number 5, the model unit, a fine choice. What also happened was that the developer quickly realized that he would have to get approval from his lender before he could sell any [...]

20Apr2007 | Brecht Palombo | 0 comments | Continued
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    • What is a Cap Rate and Who Cares Anyway? (2)
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    • E.C. We aren't in bed with anyone at all and we love to meet competent professionals. Give us a call at ...
      Brecht Palombo | 23Jul08 | More
    • Hello Brecht, I just wanted to say that this is a great article. I am so glad that the subject of ...
      nvestit | 23Jul08 | More
    • Hey Ronnie, Great questions. Yes cap rates and prices are inversely proportional so the lower a cap rate goes the more money ...
      Brecht Palombo | 14Apr08 | More
    • Hi Brecht, Thanks for the article. I have a question about the inverse relationship between cap rates and property values. ...
      ronniefrank | 14Apr08 | More
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