Many 1031 Exchange buyers hitting the Market already. Investment Properties are the only way to make money.

Celebrating 38 years in the Real Estate Business and 38 years ago I was dancing to the Bee Gee's song 'keep on dancing' from Saturday Night fever.

*38 YEARS OF EXPERIENCE*OVER 3,000 WRITTEN APPRAISALS*

JIM TURANO/BROKER-DIVERSE REAL ESTATE, 73-12 METROPOLITAN AVENUE,       MIDDLE VILLAGE, NY 11379*CELL 1-347-837-9206

SPECIALIST IN LISTING AND SELLING MIXED USE BUILDINGS, APARTMENT BUILDINGS, AND TAX PAYERS. *1031 EXCHANGE PROPERTIES* RETAIL STORE RENTALS ON METROPOLITAN AVENUE, GRAND AVENUE AND MYRTLE AVENUE. EXTENSIVE KNOWLEDGE ON RETAIL PER SQUARE FOOT RENTAL PROPERTIES. ASSISTED MASPETH FEDERAL AND CROSS COUNTY FEDERAL SAVINGS BANKS IN PROCESSING OVER $50 MILION DOLLARS IN LOAN APPLICATIONS. DEEMED AN EXPERT WITNESS IN NEW YORK STATE SUPREME COURT AS AN APPRAISER.   

 I AM A HANDS ON BROKER. YOU ONLY NEED ONE PERSON TO SELL YOUR HOME. THERE IS NO NEED TO PLACE YOUR PROPERTY ON MULTIPLE LISTING SERVICES AND HAVE THOUSANDS OF AGENTS AND BROKERS TRYING TO SELL YOUR HOME. IF AN EXPERIENCED BROKER CAN’T MARKET YOUR HOME AND SELL IT, THEN HE OR SHE SHOULD RETIRE. I AM A FULL TIME, 7 DAYS A WEEK BROKER. CONSIDER HIRING THE BEST QUALIFIED BROKER TO LIST AND SELL YOUR PROPERTY.

SERVICING MIDDLE VILLAGE, RIDGEWOOD, GLENDALE AND MASPETH AREAS FOR 38YEARS

DIVERSE REAL ESTATE: COMMERCIAL PROPERTIES FOR SALE IN QUEENS,NY. FROM ...

DIVERSE REAL ESTATE: COMMERCIAL PROPERTIES FOR SALE IN QUEENS,NY. FROM ...: THREE AREAS THAT HAVE 6 FAMILIES TO 29 UNITS FOR SALE RIGHT NOW!   More selections than your typical Realtors in Queens, New York  RI...

COMMERCIAL PROPERTIES FOR SALE IN QUEENS,NY. FROM 6 FAMILIES TO 29 FAMILIES. MARCH 19, 2018

THREE AREAS THAT HAVE 6 FAMILIES TO 29 UNITS FOR SALE RIGHT NOW!

 More selections than your typical Realtors in Queens, New York 

RIDGEWOOD 11385

6 FAMILY- DATA INFO-17-25 MENAHAN STREET, RIDGEWOOD,NY 11385                        BEDROOMS 12 * BATHROOMS 6 * LOT SIZE 25X100 *BUILDING SIZE 25'X65'
TAXES $9,545.00
INCOME $86,000.00 ASKING $ 2MILLION DOLLARS 

APARTMENT BREAKDOWN-RENTS
1R $1305.60
1L $469.83 RENT CONTROL
2R $1315.80
2L $1341.30
3L $1336.00
3R $1400
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JIM TURANO/BROKER-DIVERSE REAL ESTATE 1-347-837-9206

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RIDGEWOOD,NY 11385 - A PRISTINE BUILDING FOR YOUR PORTFOLIO, STEPS FROM THE TRAIN ON MYRTLE AVENUE, AND ALL STORES.
1731 CORNELIA STREET. (NEW ROOF,NEW BOILER CONVERSION, ALL NEW APARTMENTS)
* Income and Expenses
12 FAMILY-BUILDING ALL REMODELED
Income $186,294.84
ASKING $3,450,000

Real Estate taxes $33,041.00
INSURANCE $ 3,596.00
FUEL $ 3,206.00 OIL TO GAS CONVERSION DONE OCT. 2015
ELECTRIC $ 1,140.00
WATER/SEWAR $ 6,618.00
REPAIR/MAINT. $ 4,700.00
SUPER/JANITORIAL $ 1,872.00
TOTAL EXPENSES $ 54,173.00

NET...........$132,121.84 (2017 NUMBERS, NOT INCLUDING ANY RENTAL INCREASES FOR 2018)

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MIDDLE VILLAGE,NY 11379

 TAXPAYER 3 STORES NO APARTMENTS ON METROPOLITAN AVENUE

MIDDLE VILLAGE, NY 11379-TAXPAYER 3 STORES ON METROPOLITAN -NO APARTMENTS ABOVE
74-17, 74-19, AND 74-21 METROPOLITAN AVENUE, MIDDLE VILLAGE
MONTHLY RENTS ........ $3,989.50*** $4,278.48 ***$4,389.87
10 year lease,+10 year lease+7 year lease
RENT YEARLY FOR 2018 .......................$151,894.20
*POTENTIAL TO BUILD APARTMENTS ABOVE THE STORES.........
3STORES-Restaurant, Chinese take-out, and AT&T wireless(each store is about 1,100 sq.ft.)
Square Footage 4,200 Inside Dimensions 42.0ft x 100.0ft
BBL 4030650022 *Zoning -Zoning District- R5 Commercial Overlay C1-3
Built FAR 0.5 Residential Zoned FAR 1.25 Max 5,250.0 sq. ft.
Remaining 3,150.0 sq. ft.
Taxes $19,571.51 *Water $3,600.00 *Insurance $2,410.00
NET APPROXIMATELY $126,312.70
ASKING $2,775,000 MILLION DOLLARS- NOT ON MLS *IF INTERESTED A DISCLOSURE STATEMENT NEEDS TO BE SIGNED PRIOR TO ANY OFFERS*
JIM TURANO/BROKER-DIVERSE REAL ESTATE 1-347-837-9206
.....................VERY GOOD 1031 EXCHANGE PROPERTY................

ALSO  MIDDLE VILLAGE,NY 11379 OFF ELIOT AVENUE NR TRAINS
58-16 85th Street, Queens, NY 11379 ASKING $3,750,000 (ONLY 14.5X'S INCOME)
Residential 7,060 Sq Ft - 15 Apartments-OFF ELIOT AVENUE. INCOME $261,000 DOLLARS
Land Use/ Multifamily walk-up buildings Lot Area 5,600 Sq Ft (40 Ft 96 Ft irregular)
Building Class C1/ Zoning R4 Residential FAR 0.9 Facility FAR 2 FAR as built 1.39
Buildable 5,040 Sq Ft Block & Lot 02897 & 0013 Neighborhood Middle Village/Elmh.
15 UNIT TWO STORY BRICK BUILDING ASKING $3,750,000 DOLLARS -NO RENT CONTROL
INCOME YEARLY $261,000 DOLLARS / EXPENSES YEARLY $77, 459.88
One bedroom and studio apartments/ all tenants must have over 700 credit score and pay two months security with over 40x's income of the rents. *The Best Deal in all of Queens. Steps to the trains on Woodhaven and Queens blvd. One bedrooms rented for $1600 and now going for $1700 rent.
PURCHASE AT $3,650,000 AND GET A 7% CAP RATE
JIM TURANO/BROKER-DIVERSE REAL ESTATE  1-347-837-9206**********

 ASTORIA

29 unit condo building brand new. ****Was $25 million, / ****March 16, 2018 reduced to $21,800,000
ASTORIA-28-18 ASTORIA BOULEVARD, ASTORIA NY 11102 -THE SLATE
29-UNIT HIGH-QUALITY NEW CONSTRUCTION/ MULTIFAMILY MIXED-USE CONDO BUILDING
BLOCK: 596 LOT 45
LOT DIMENSIONS 53.87' X 144.6' IRR.
LOT SQ. FT. 6,807 approx.
BUILDING DIMENSIONS 47' X 65' approx.
BUILDING SQ. FT. 31,692.61 approx.
ZONING R6A / R6B / C1-3
NUMBER OF RESIDENTIAL UNITS 28
NUMBER OF COMMERCIAL UNITS 1
STORIES 8 (with basement level)
PARKING 14 spaces
YEAR BUILT 2016
ASSESSMENT (17/18) $1,926,000
REAL ESTATE TAXES (17/18) $10,678
421A Tax Abatement through 6/30/27
PROPERTY DESCRIPTION-The Slate is a high-quality new-construction 29-unit mixed-use
condo building. The unit mix consists of 28 one-bedroom residential units, several with terrace or balconies, and one commercial unit operating as Walk-In GYN Care.
Building amenities include a gym, dog run, common outdoor area, underground parking, rooftop deck, virtual doorman, wheelchair access, and laundry room. The building is currently operating as a rental building and is approved as a condominium. It will be delivered as a fully operating condo at closing with 29 sponsor-owned condo units. Slate is conveniently located just two short blocks west of the N W subway trains at 31st Street / Astoria Boulevard. The Astoria Ferry is a short walk away offering service through LIC, Roosevelt Island, 34th Street, and Wall Street. Also in proximity is The Grand Central Parkway, Brooklyn-Queens Expressway, and the RFK Bridge.

EXPENSES PER OWNERSHIP ESTIMATED
Real Estate Taxes $10,674
Water / Sewer $12,544
Insurance $12,500
Utilities common area / laundry / fire alarm $21,000
Repairs repairs / maintenance / supplies $5,000
Service Contracts elevator / fire alarm $13,760
Super projected @ $600 / unit $17,400
Management projected @ 3% / EGI $34,150
TOTAL $127,028
**********************************************************GROSS MONTHLY INCOME $94,395
**********************************************************GROSS ANNUAL INCOME $1,132,740
*************************************************ADDITIONAL INCOME (WALK-IN GYN): $5,592
********************************************************EFFECTIVE GROSS INCOME $1,138,332
*****************************************ANNUAL INCOME -GROSS ANNUAL INCOME $1,138,332
LESS EXPENSES $127,028
NET OPERATING INCOME $1,011,304

 JIM TURANO/BROKER-DIVERSE REAL ESTATE 1-347-837-9206

DIVERSE REAL ESTATE: RETAIL AND PROFESSIONAL OFFICES IN RIDGEWOOD, AND ...

DIVERSE REAL ESTATE: RETAIL AND PROFESSIONAL OFFICES IN RIDGEWOOD, AND ...: JANUARY 25, 2018 For your information. Before looking be prepared with  4 months rent before setting up any appointments. Understand you ma...

RETAIL AND PROFESSIONAL OFFICES IN RIDGEWOOD, AND MIDDLE VILLAGE,NY

JANUARY 25, 2018
For your information. Before looking be prepared with  4 months rent before setting up any appointments. Understand you may find something space wise you need, but you may have to renovate at your expense to set it up. Which brings me to some Landlords give 1 months Free downtime to set up. Some may give two months. If you are a Franchise or a Bank you may get 3 months free.

Hot areas that have high traffic and high pedestrian traffic is important. You can go to one extreme to another. Example, in Forest Hills or parts of Astoria, Greenpoint, Williamsburg, and including Bushwick expect to pay top top dollar in rents.

If you choose an area like upper Glendale, parts of Woodhaven, you can find rents very low. There is a reason for everything. But you can find the Middle of the Road rents in Ridgewood and Middle Village, New York.

EXAMPLES OF CURRENT AVAILABLE RETAIL AND PROFESSIONAL OFFICES FOR RENT, IN RIDGEWOOD AND MIDDLE VILLAGE, NY .
1)1,250 SQ.FT. OFFICES FOR RENT, 2ND.FLOOR, RENT $2,400 DOLLARS.
2) 1600 SQ.FT. STATE OF THE ART DESIGNED PROFESSIONAL OFFICES RENT $4,650
3) RETAIL ON METROPOLITAN AVENUE, 1,250SQ.FT. NO BASEMENT, RENT $3,650
4) RETAIL ON METROPOLITAN, 3,500SQ.FT., RENT $18,500 ASKING
5) RETAIL ON MYRTLE AVENUE/FOREST AVE. 1,100 SQ.FT. RENT $4,000

I have 38 years of experience in the Business and have placed over 2 dozen businesses in many areas. Franchise also, like Dunkin donuts, subway, etc.. And including placing banks. I am a hands on broker with many years of experience and have prepared to date over 3,000 written appraisals. I sell mixed use buildings, small apartment buildings  and tax payers. Many 1031 exchange deals.

DIVERSE REAL ESTATE
73-12 METROPOLITAN AVENUE,
MIDDLE VILLAGE,NY 11379
1-347-837-9206

JIM TURANO/BROKER WITH ACTOR VINNY VELLA OF THE SOPRANOS

                                                  Little Italy meeting with Vinny Vella

As a Real Estate broker I have met some nice people who are actors and it was a pleasure to meet Vinny Vella, Nick Raio, and Paul Savino. Truly Goodfellas.

2018 REAL ESTATE MARKET TRENDS BY VETERAN REAL ESTATE BROKER JIM TURANO

READ ALL ABOUT IT. 2018 REAL ESTATE MARKET TRENDS 
 In New York, especially parts of Queens, and in Brooklyn, I feel that 1031 Exchange Purchases will be stronger than in 2017. I have 38 years of experience in the Business, and based on the increasing calls, offers, and purchases they outweigh the sales of 1 and 2 families in these areas. Better than having your money in the Bank, by investing for example in a Pre-War Building, that has been remodeled, with modern apartments, new roof, converted Boilers, and all new tenants within paying higher income now than before is the way to go. Especially if the train is just down the block. Convenience to trains, buses, a multiple amount of stores offers young people a new way of living.

THE NEW MULTIPLE THAT MANY ARE NOW USING IS 17 X'S YEARLY INCOME

Specific areas where the multiples of 17 times income provides around 5.9% cap return. In addition, the rents go up yearly, and so does the building value. The best deals can be attained in Ridgewood,NY 11385 and in Middle Village,NY 11379 currently. Many areas like Astoria, Greenpoint and Williamsburg are close to 20-22 times income already. As an experienced investor the old thinking of 14 or 15 times yearly income just has to be adjusted upward slightly or you will miss out on deals in 2018.

Imagine a Beautiful Pristine Pre-War Building, Brick, with 12 apartments, consisting of just one bedroom apartments and studio apartments provides for the landlord less tenants, less water bills,etc.

I have written many articles in 38 years, many can be found on Google. My office is located in Middle Village,New York 11379 and I have assisted many in the past 38 years. My reputation speaks for itself.

............ JIM TURANO/BROKER*DIVERSE REAL ESTATE* 347-837-9206

Read more: Queens Examiner - entry THE 2018 HOUSING MARKET REAL ESTATE UPDATE

             JIM TURANO-CELEBRATING 38 YEARS IN THE REAL ESTATE BUSINESS

                             RIDGEWOOD-CORNELIA STREET BY MYRTLE AVENUE

                   12 FAMILY BRICK WITH 1 BEDROOM AND STUDIO APARTMENTS

ACTOR VINNY VELLA-SOPRANO'S