[AsburyPark] Re: sitar advertising a 3 bedroom wesley grove $2900
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > To the one who asked, and those that are curious: > Sitar has in MLS a 3 bedroom, 3 bth unit at Wesley grove listed for > $2900. 2 indoor parking spaces. "Flexible" landlord. 1,561 sq ft > > Date Available as 7/1. > > Original list price: $3800. > > Maybe someone is going to see how they managed to make pier village a > success - by mixing in rentals with ownership. High prirce rentals at > that. > Pier Village is only holding it's own because Monmouth University rents 100 apartments for students. Many of the store's are complaining about the lack of traffic - THis weekend should tell the story. I know Mayor Adam keeps saying he created a destination down there, however those that travel to Pier Village do not do anything else, anywhere else in Long Branch. As for off setting our tax burden? Doesn't even do that. It has cost us Abbott funding and increased assessment and taxes for the rest of the city. Not to mention increasing wear and tear on the ocean front. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: sitar advertising a 3 bedroom wesley grove $2900
--- In AsburyPark@yahoogroups.com, "jerseyjohn99" <[EMAIL PROTECTED]> wrote: > > The financials not working aside, who would want to start a lease > down the shore in the middle of the season??? > == Who would start a lease in the middle of a construction zone with unfinished buildings and public amenities all around you? Werner Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: sitar advertising a 3 bedroom wesley grove $2900
--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > To the one who asked, and those that are curious: > Sitar has in MLS a 3 bedroom, 3 bth unit at Wesley grove listed for > $2900. 2 indoor parking spaces. "Flexible" landlord. 1,561 sq ft > > Date Available as 7/1. > > Original list price: $3800. > > Maybe someone is going to see how they managed to make pier village a > success - by mixing in rentals with ownership. High prirce rentals at > that. > Figure $500 a month goes towards taxes, if the property is owned free & clear that's $2400 per month going to the owner or $28,800 a year. What was the original price, $600,000? 4.8% return. You can get 4.8% on a one year CD, and not have to worry about a bank teller throwing a party in your CD. If the owner has a mortgage, he can borrow $400,000 at 6% for $2400 a month. He'd still have to come up with a $200,000 down payment to make up the difference. (BTW, at the original $3800 rent he could have borrowed $550,000, which is probably what the amount financed actually is.) The financials not working aside, who would want to start a lease down the shore in the middle of the season??? Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
