Operating real estate for 10 years in East Coast US
Manhattan, NY
Joined March 2023
- Tweets385
- Following297
- Followers293
- Likes933
Use the income statement to run a DSCR test (NOI / Debt Service) for an inside look at the seller's situation:
Are there monthly shortfalls? NOI not covering debt service?
Examine the rent roll for near-term tenant expirations that could impact NOI:
BootsOnGround retweeted
2 Developers…which one is more likely to stay on budget?
1) Phil
Private high school
Princeton / Harvard education
Professor on the side
Consultant experience
Suit & Tie
2) Matt
Public high school
University of Buffalo
Minor League Baseball experience
Leasing/project management experience
Fleece & baseball cap
2 Developers…which one is more likely to stay on budget?
1) Phil
Private high school
Princeton / Harvard education
Professor on the side
Consultant experience
Suit & Tie
2) Matt
Public high school
University of Buffalo
Minor League Baseball experience
Leasing/project management experience
Fleece & baseball cap
1) There is a learning curve for the seller becoming a tenant which can lead to a cumbersome transition (they still feel like the owner). If only partially leased back, this can create problems for other current / prospective tenants
A few of the other casino proposals are:
Hudson Yards - Related Companies Times Square - SL Green Nassau Coliseum - Las Vegas Sands Saks Fifth Avenue - Hudson’s Bay Midtown East - Soloviev Group
