Forest Hill Realtor @bmccabe362 - Tumblr Blog

Offering Statements: An Opportunity to Sell

I currently work with a number of commercial/investor clients most of whom have different interests. Those interests range from 2-4 family residential properties, multi-families with up to 50 units, mixed-use properties with at least one stable retail tenant, and small warehouse space. Regardless of the differences, every potential transaction starts with me asking the seller’s agent for the…

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#commercial agent #commercial real estate #commercial real estate agent #new jersey commercial real estate #NJ commercial property #offering statements

The Covid Effect: Montclair Sees a Surge In Buyer Demand

I have a client who is interested in purchasing a single family home, priced around $1-million dollars, in Montclair. As a Realtor and long-time resident of Essex County I know Montclair well. I grew up next door in Glen Ridge and I lived in Montclair for nearly 20 years. I also know that even in normal times Montclair homes are in high demand. But these are far from normal times.

As a Certified…

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#essex county real estate #montclair buyers representative #montclair homes for sale #montclair nj #montclair nj realtor #united real estate agent #United Real Estate homes for sale

The Covid Effect: Small Commercial Properties in North Jersey

There is plenty of information being written about the effect of Covid-19 on commercial real estate sales, but most of it pertains to large transactions; Small transactions, those that are primarily under $1 million dollars, tend to fly under the radar but they are often listed for sale on local MLS services. Such is the case in North Jersey, where the Garden State MLS is a reliable source of…

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#commercial real estate #commercial real estate sales #essex county real estate #passaic commercial real estate

Solid Mixed-Use Building In Newark a Few Feet Off Bloomfield Avenue Every transaction has a story. In this case the owner was an absentee landlord who claimed little knowledge of the building's operating costs.

Housing Assistance Program (HAP) Provides Cushion in Rough Times

I was happy to represent the buyer, an experienced Newark investor, in this transaction. While it took many months to sort out and confirm incomplete data, things worked out well in the end.

Sale Notes From CoStar

On 5/6/2020, this 7,150 SF, 12-unit multi-family building at 388-398 W 4th Ave Newark, NJ 07107 was sold for $1,067,500. This property was listed at $1,155,000. This is a class C…

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#affordable housing #essexcountynj real estate #mutlifamily #newark cre

Bayonne Deal Coincides with Covid-19 Shutdown

I represented the buyer for this property on Avenue C in Bayonne. It was my first deal in Bayonne and I have come to really appreciate the town for several reasons: its proximity to Jersey City and New York make it a strong real estate market; the people in City Hall were a pleasure to do business with (sometimes that’s not the case as we all know); and the 22nd Street Meat Marketis a treasure…

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Northern New Jersey's Apartment Market Could Be Heading for Rocky Times

Northern New Jersey’s Apartment Market Could Be Heading for Rocky Times

CoStar Insight: Vacancies Are Projected to Reach Record Highs

By Adin Perera CoStar Analytics

May 1, 2020 | 01:04 P.M.

Every scenario in Oxford Economics’ April forecasts predicts significant job losses in the Northern New Jersey area in the second quarter. The apartment market will likely struggle as a result, and even in the most optimistic scenario, vacancies could rise to a record…

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Essex County Unveils Plans for New Government Office Building

From Costar Group, the leading provider of commercial real estate information, analytics and online marketplaces. Publication date: 1/27/20202

Expansion of Justice Complex in Newark to Be Named After Martin Luther King Jr.

A new building at the Essex County Hall of Records complex in Newark, N.J., is scheduled to be completed by spring next year. (Courtesy of Essex County)

By Linda Moss CoStar…

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Investors: Is a Particular Commercial Property Work Looking Into? These Two Tables Help Decide

Deciding to buy a commercial property starts with a first-cut look at some basic numbers including revenue, expenses and rent roll, all of which are provided by the property owner’s agent. This is a crucial step in deciding if a deal is worth doing. In that regard, as a buyer’s agent I prepare the following two tables to begin the conversation.

Importantly, there is no industry standard as to how…

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#apartment building #commercial real estate #investment real estate #north jersey investment

Eastern Union County Sees Decline in Multifamily Demand Amid Challenges Filling New Apartments

CoStar Insight: Attracting Renters to Area’s New Higher-End Inventory May Prove to Be a Waiting Game

By Adin Perera CoStar Analyst

January 21, 2020 | 10:47 A.M.

New Jersey’s Eastern Union County apartment market saw a decline in demand last year as attracting enough renters to fill new luxury properties in the area’s working-class communities is proving to be a challenge.

Net absorption,…

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#affordable housing #multifamily #rental market

A Different Kind of Cap Rate

As a REALTOR specializing in investment real estate, the question that I hear most often is, What is the cap rate? An experienced investor knows that the cap rate is a good way to decide if a deal has potential; if it’s too far from the cap target it might not be worth pursuing. And an experienced investor also knows that a cap assumes a cash deal and that it likely does not include costs that he…

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#cap rate #capitalization rate #debt coverage ratio #debt coverage service ratio

Online Pet Retailer to Get Larger Yard in Northeast Pennsylvania

DECEMBER 26, 2019|BRYCE MEYERS EMAIL

PRINT Chewy Signs for 1 Million-Square-Foot Fulfillment Center in Lackawanna County

Chewy opened a nearly 810,000-square-foot fulfillment center in Hanover Township, Pennsylvania, last year. (CoStar)

Online pet supply retailer Chewy is looking to get its products in the hands of its Northeast and Midwest customers even faster with a new 1…

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#cat food #cats #cats and dogs #chewy #dog food #dogs #pets

East Orange, NJ Rides the Demand Wave for Apartment Housing

Demand for apartments hit a high not seen in five years as a shortage of affordable homes has locked an increasing number of Americans out of the market. According to recent data from RealPage, the national occupancy rate rose to 95.8% from 95.4% last year. (Housing Wire, 7/2/2019)

East Orange Market Facts

The following East Orange market information is sourced from CoStar, the world’s leading…

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#east orange investment real estate #east orange nj #east orange real estate #east orange rental #east orange rents

US Cities Look to New Jersey on Short-Term Rental Rules for Airbnb

This article appeared in the CoStar Daily Brief dated NOVEMBER 06, 2019|LINDA MOSS. CoStar is the acknowledged leader in providing actionable intelligence about the commercial real estate market in the United States and worldwide. Jersey City Voters Delivered Blow to Home-Share Site

Jersey City Mayor Steven Fulop told reporters that new controls on short-term rentals are “not out of line…

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#airbnb #fulop #jersey city #short term regulations #short-term-rentals #vrbo

Rehabbing In East Orange

When I launched my rehab development business in 2000 the first town I looked at was East Orange. The reasons were simple: I had lived there; I knew the housing stock; I saw the future writing on the wall. Here are pics of some of my work:

#eastorangenjhomes #eastorangenj #affordablehomesnj #essexcountyhomes #njrealtor #njrealsestate #firsttimehomes #firsttimebuyer #firsttimehomebuyer…

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#classic homes #east orange nj #east orange nj realtor #easy commute #Essex County housing #essex county real estate #first time home buyers

Here's What East Orange Buyers are Buying

Here’s What East Orange Buyers are Buying

The value of houses is based on what buyers will pay for them. And what they are willing to pay has a great deal to do with where they are. That’s why East Orange watchers are so excited.

East Orange has been discovered as a source of attractively priced homes, many of which are loaded with classic style, that boast an easy commuting distance to the economic engines of the New Newark, revitalized…

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#eastorangenjhomes eastorangenj affordablehomesnj essexcountyhomes njrealtor njrealsestate firsttimehomes firsttimebuyer firsttimeho

Blame Buyers for East Orange's Sizzling Real Estate Market

Blame Buyers for East Orange’s Sizzling Real Estate Market

If you are buying or selling a home in East Orange, these facts need to be accounted for when you plan your buy or sell strategy. I can help you do it. Call any time at 973-865-1863.

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