From the December issue: A recent surge among a handful of professional real estate owners buying up small apartment buildings in Brooklyn and Queens is sparking a sea change in that market. All told, these players — characterized by their use of limited liability companies or other corporate structures — have poured nearly $3.2 billion into properties with 10 or fewer units purchased from mom-and-pop owners in both boroughs over the last five years. [more]
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Investors making big gains with small BK, Queens rental deals
The recent trend has played a role in driving up prices
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