investment: Only Chuck Norris can save the Commercial Real Estate Market - 11/15/09 12:57 AM
Even as some sectors of the US economy see a return to growth, woes in commercial real estate are deepening, raising fears that the fragile recovery could falter.
Unlike the US home market, which has shown signs of rebounding, recovery is elusive in commercial real estate, a sector which includes apartments, offices and industrial and retail properties.
The Moody's commercial property index fell 3.0 percent in October, and remains 32.8 percent down from a year earlier and 40.3 percent lower than two years ago. "Although prices have declined steadily over the past year, the rate of decline has slowed in recent … (4 comments)

investment: AIG agrees to sell 2 NYC buildings - 06/03/09 04:03 AM
The embattled insurer American International Group Inc. is selling its headquarters building in New York and a nearby building in a deal expected to close at the end of this summer, a person familiar with the matter said Wednesday.
But the person said that AIG is not disclosing the price or who the buyer is. The person asked for anonymity because the sale has not been made public yet.
The building sales are the latest move by AIG, which has received $182.5 billion in financial support from the government since September, to shed assets to repay the loan package. The buildings … (4 comments)

investment: The Making of a Landlord - 04/17/09 11:03 AM
I saw the story's title and was instantly drawn to it. A wonderful, realistic read. I hope you enjoy as much as I do.  <----"The Landlord of the Shadows"
 
written By Christopher Palmeri s a senior correspondent in BusinessWeek's Los Angeles bureau.
I was chased by a wild dog.
I saw a home so stripped someone had even taken the front door. I attended a foreclosed-home auction that featured cheerleaders yelling in my ear. Finally, in March, I closed on a home I'm now renting out as an investment property.
I paid $125,000; it had sold for $345,000 four years ago. … (1 comments)

investment: It's Now a Renter's Market* *(in some areas) - 04/11/09 12:47 PM
Across the U.S., desperate landlords are coming up with novel ways to attract new tenants and retain old ones.

Amy Gips loves her one-bedroom apartment in a swank Manhattan building that features a gym, golf simulator, yoga studio, and massage rooms. But she no longer feels she can justify paying $4,400 a month in rent, especially now that her ex-boyfriend has moved out.
A week ago, just as the 27-year-old associate at a private equity fund was planning her next move, a letter arrived from the property management company. The rent for the 750-square-foot Chelsea apartment with floor-to-ceiling windows overlooking Madison … (5 comments)

investment: 102- Units ** Priced to Sell ** Seller Financing Available ** Aggressive Management Opportunity - 04/10/09 03:07 AM
 
 
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investment: Apartment Complex For Sale - 03/21/09 01:56 PM
 
 
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investment: 12-Unit Apartment Complex ** Kent State University - 11/17/08 05:25 AM

 

 
 
Features Seperate Electric - Tenants Pay Owner pays Water & Sewer & Trash & Heat (Gas) GOI - Approx $85,000+ (12)-Two Bedrooms In the wall A/C Units Brick & Block Construction New Windows (2008)
Type: Investment Property Floors: Two or More Stories City: Kent County: Portage Utilities: Electric - Separate Gas - Owner Pays Roof: Pitched / Gabled Price: $475,000 Status: Available - Confidential Agent: Sean Dreznin Email: sean@pappasrealtyco.com Phone: 330-762-0535 Ex# 16 … (0 comments)

investment: Are you using all your tools effectively? Part 3 - 11/09/08 12:18 AM
Part 3 ~ Stoking The Fire
This is a unique slant on developing a passion for this business.   Some folks love the relationships, some live for the rush of closing the deal and others just go through the motions.  I have developed a challenege of sorts for myself and it "Stokes my fire".

As I live around town, I have focused on a few properties that I specifically want to be involved with asd thus begins the odyssey.  I start by attaining the basic data on the property, address, phone number, owner info, property attributes and starting a file for the … (5 comments)

investment: 713 Carroll St ** The University of Akron ** 5-Bdrm & 5-Bth Condo ** Professionally Managed ** Separate Utilties - 10/27/08 03:43 AM

Pro Forma
Projected Gross Income......$   15,600
Vacancy @ 5%..................($       800)
Adjusted Gross Income.......$   14,800
Expenses @ 30%   ...........($     4,400)
Projected NOI..................$      10,400
Projected Return...................   10.9%
Average Rent Per Mo/Unit.....  ..$1,300
 
Buchtel Place Town Homes offer students the option of living near the University of Akron and all of its amenities, but also provides the independence of off campus housing as well.  This professionally managed complex is modern, manicured and historically well occupied.
 
Units
- Professionally Managed & Marketed
- 5 Bedrooms & 5 Bathrooms
- Washer & Dryer included in unit
- Central A/C
- Parking is available … (0 comments)

investment: 17-Unit Apartment Building ** 1724 Bailey Rd, Cuyahoga Falls, Ohio 44221 ** Tenants pay heat - 10/26/08 01:59 AM
1724 Bailey Rd, Cuyahoga Falls, Ohio  44221
17-Unit Apartment Building (12-2 Bdrms & 5-1 Bdrms)
Electric Heat - Tenants Pay
Property Details 
 
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Sean Dreznin, Commercial Investment Real Estate Agent (NAI Tampa Bay)

Sean Dreznin

Commercial Investment Real Estate Agent

Sarasota, FL

More about me…

NAI Tampa Bay

Address: 12400 Seminole Blvd, Largo, fl, 33778

Office: (813) 872-7200

Mobile: 941-961-8199

Email Me

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