This commercial and residential property was a tough sale, but Rowen delivered results and got the property sold. Many buyers were interested in this property, but they were turned off by the neighborhood. Rowen countered those objections by emphasizing the property’s good financial potential. Property management was already in place and the building had been maintained well. By selling the “numbers” such as the cap rate and the annualized cash flow, Rowen made buyers focus on the financial investment. After 3 months on market and solid negotiations, Rowen found a buyer from Brooklyn and closed the deal in all cash with no contingencies. Needless to say, the seller was very pleased with the outcome.
Sold Price: $143,000