Please help I have a Buyer with a 1031 for $120mil with less than 25 days remaining, if anyone has anything larger that they would consider selling please let me know asap! (Sorry we are going crazy at the moment)
Any help would be much appreciated (we are located in NYC but would look absolutely anywhere in the continental US)
Thank you
[{"id": "fl4lmox", "text": "Message me and fill me in on the story better", "replies": [{"id": "fl4lslb", "text": "What do you mean? What do you want to know? (We traded in an off market deal in NYC a larger mostly vacant office building)", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl4m0g3", "text": "What type of asset are they looking for? How much leverage are they willing to use? (So I can back into max total price)", "replies": [{"id": "fl4mcz0", "text": "Anywhere in the continental US, Office, retail, multifamily,mixed use \n\nBut if it's development then only if it's in the 5 boroughs around NYC\n\nThey are looking to spend at least 125mil, although they have a budget that is almost non existent (obviously depending on the asset)", "replies": [{"id": "fl5jsom", "text": "Just so I\u2019m clear, is $125m the equity?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fl4o1a5", "text": "I don\u2019t understand the rush. Capital gains tax looks like a good deal right now over rushing for a mediocre deal in this environment.", "replies": [{"id": "fl4tlqe", "text": "Lol, not for this broker that is looking to make a huge commission! hahaha\n\nEdit: But definitely agree that it is probably a better deal to take the tax hit now and hold the cash instead of losing 30-40% in equity if any of these RE markets collapse.", "replies": [], "depth": 2}, {"id": "fl4x4hk", "text": "Capital gains isn't the big problem - depreciation recapture is.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl4tpes", "text": "What are the metrics or criterias they are looking for in terms of return, hold period, etc? My team looks at MF in florida market. PM me", "replies": [{"id": "fl4wzbc", "text": "Sent a pm", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl4uagk", "text": "I'll check in the price of one in South Florida and pm you", "replies": [{"id": "fl4umld", "text": "Thank you very much", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl5boxh", "text": "Assuming this was the Diamond District building that ELO bought", "replies": [{"id": "fl5cjh9", "text": "Possibly maybe...", "replies": [], "depth": 2}, {"id": "fl5dgh8", "text": "Working in NYC also?\nMaybe we can work on something else together separately?", "replies": [{"id": "fl5hijx", "text": "Congrats Avi. Yes, I\u2019m located in NYC. Given how Cuomo has essentially shut down tours, how could you see walk-throughs happening? I\u2019m still looking for answers!", "replies": [{"id": "fl5qb1y", "text": "I'm Yechiel, yea but I'm pretty close with most of the larger people here", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fl5cbg0", "text": "Whats your email? I have California Multi Family deals.", "replies": [{"id": "fl653hj", "text": "lol", "replies": [{"id": "fl7g2df", "text": "Here we go", "replies": [], "depth": 3}], "depth": 2}, {"id": "fl66y1f", "text": "hahahahahahahhaahahahahhaahhahahahahaha no chance bro", "replies": [{"id": "fl7f02w", "text": "Tool", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fl5fjug", "text": "They probably working with 10 other realtors so hurry up.", "replies": [{"id": "fl5h4ae", "text": "I'm doing my fucking best and also they are very close with me on a personal level", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl5oevv", "text": "https://www.theagencyre.com/listing/sl2013033-the-beverly-house-compound/", "replies": [{"id": "fl60gww", "text": "\ud83d\ude02\ud83d\ude02\ud83d\ude02 They'd lose less money paying the capital gains tax.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fl60jk4", "text": "I'm a broker in Los Angeles, we know about a bunch of off-market properties.", "replies": [], "depth": 1}, {"id": "fl68ner", "text": "We don\u2019t have anything that big on the west coast for you guys in my market, but I suggest you have your clients look into opportunity zones from trumps tax plan. I\u2019m not sure if this is still available this fiscal year. It\u2019s not an exchange but it lets you defer taxes for ten years if you re develop in an opportunity zone and it can be cheaper then what you sold. Deferring taxes for ten years is essentially tax free for developers.", "replies": [], "depth": 1}, {"id": "fl71z7k", "text": "There is some class-a in downtown San Antonio that is ripe for purchase.", "replies": [], "depth": 1}, {"id": "fl7d86y", "text": "Just sent you a message", "replies": [], "depth": 1}, {"id": "flc9dtg", "text": "If you're trying to place $120MM for ELO with less than 30 days, and you're on a reddit sub with less than 25k members, cut your losses. Manage the failure", "replies": [{"id": "flcap3j", "text": "I don't think ELO sold anything recently...", "replies": [], "depth": 2}], "depth": 1}, {"id": "fliwae8", "text": "Let\u2019s connect. My team has retail inventory. With everything going on longterm secures net leased deals are a solid option.\n\nHosting a webinar this Friday if you want to connect.\n\n[Live Market Address | COVID-19 Impact on Commercial Investment Property](https://attendee.gotowebinar.com/register/5242899557056040715)", "replies": [{"id": "flk8lp8", "text": "Pm me please", "replies": [], "depth": 2}], "depth": 1}, {"id": "fljraak", "text": "I\u2019ve got a $10 mil SSO office / HQ building in Charlotte NC?", "replies": [], "depth": 1}]