Multifamily

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In a Market Like This You Appreciate the Occasional Pat on the Back

We recently sold a multifamily in Malden after it had been listed with another broker for MONTHS. This was an estate sale. We sold the property with competing offers in about 2 1/2 weeks. Meanwhile inventories in Malden are mounting and market times are approaching 6 months.
An expedited sale, when handled properly, will net [...]

22Apr2008 | Brecht Palombo | 0 comments | Continued
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Making Sense of Multifamily Investing

A lot of the more seasoned multifamily investors that I know or work with have some quick “rule of thumb” evaluation of their own that they use to very quickly decide whether or not a property is worth really taking a look at. The simplest is per unit cost; some I know use cost per [...]

22Apr2008 | Brecht Palombo | 0 comments | Continued
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Boston Apartment Building Sales Slow

You don’t have to be an economist or a statistician to see that there are a lot of apartment buildings on the market right now. Pick up tomorrow’s Globe and look in the income property section and there are more buildings listed there than I have seen in 6 years, at the same and sales [...]

19Apr2008 | Brecht Palombo | 0 comments | Continued
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