By utilizing our network of brokers and REO financial officers BNYC is able to source deals through estate sales, foreclosures, short sales, lien sales or specific off market real estate transactions. The pricing of these assets for quick sale allows Brownstone NYC to receive favorable terms and acquisition savings upfront.
Property Selection criteria:
Properties that are in need of renovations, violation remediation
Underlying Assets are 1-4 family residential properties
Acquisition & rehabilitation cost combine for less than 65-70% of property value
Must be near or in densely populated urban markets
Focused on the Tri-State Area of: New York – New Jersey – Connecticut