Commercial- Multi Family

Naomi was hired by an international real estate development group to identify a multi-family property that had potential for added value investment. Naomi found a multi-family property in an area that she anticipated would gentrify, and thus real estate property price would increase. The former owners of the property lacked the capital to make necessary improvements, thus the units in the building were not as valuable on the rental market. The goal of the development group was to follow through with one of two exit strategies: improve the building and sell the entire building with a higher evaluation, or improve and convert the building to condominium units, and sell them individually. This required the following:

– Stabilize the income by having physical upgrades.

– Attract new tenants that will pay top dollar.

– Bringing it to full occupancy with high profile tenants.

Once all the work was completed, and the property was fully occupied, the group sold the building for 3x more than the purchase price they had paid, even with taking into account the capital improvements.

 

ABOUT NAOMI ZYGIEL-ALMOZLINO

 

Naomi Zygiel-Almozlino offers the real estate investor/buyer/seller an outstanding level of comprehensive service. She is one of few real estate professionals with extensive expertise not only in sales but also in architecture, design, construction, finance and marketing. Naomi’s interest in architecture compelled her to study at the Technion-Israel Institute of Technology. The Harvard Graduate School of Design later brought Naomi from Israel to Newton, Massachusetts, where she still resides with her family. Naomi has over twenty years of experience in the Metro-Boston area and surrounding communities. Whether you wish to list your home, purchase a new one, or invest in property, Naomi can assist you with all of your real estate needs.

Naomi Zygiel-Almozlino offers the real estate investor/buyer/seller an outstanding level of comprehensive service. She is one of few real estate professionals with extensive expertise not only in sales but also in architecture, design, construction, finance and marketing. Naomi’s interest in architecture compelled her to study at the Technion-Israel Institute of Technology. The Harvard Graduate School of Design later brought Naomi from Israel to Newton, Massachusetts, where she still resides with her family. Naomi has over twenty years of experience in the Metro-Boston area and surrounding communities. Whether you wish to list your home, purchase a new one, or invest in property, Naomi can assist you with all of your real estate needs.

Naomi Zygiel-Almozlino offers the real estate investor/buyer/seller an outstanding level of comprehensive service. She is one of few real estate professionals with extensive expertise not only in sales but also in architecture, design, construction, finance and marketing. Naomi’s interest in architecture compelled her to study at the Technion-Israel Institute of Technology. The Harvard Graduate School of Design later brought Naomi from Israel to Newton, Massachusetts, where she still resides with her family. Naomi has over twenty years of experience in the Metro-Boston area and surrounding communities. Whether you wish to list your home, purchase a new one, or invest in property, Naomi can assist you with all of your real estate needs.

CONTACT NAOMI

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Copyright © 2016-2017 Naomi Real Estate

Copyright © 2017 Naomi Real Estate

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