Purchase Criteria

Purchase Criteria:

 ·       Class: B & C Multifamily

·       Age Range: 1990 - present

·       Size: 4 - 20 units

·       Focus Area: NY (Catskills, Hudson Valley) + PA (NEPA, Lehigh Valley)

·       Strategy: Buy and Hold, Light Value Add

·       Price Range: $1mm-4mm

·       Cap Rate Range: 6%-9%

Diligence Requests:

·       T-12 operating  statement

·       Last 2 full years operating statements

·       3 months of rent rolls

·       30-60-90 day delinquency report

·       12 month of capex