20+ violations, a holdover tenant, and every other broker passing — sold in 45 days to a developer.
The owner inherited this four-unit Bedford-Stuyvesant building from his mother. It came with baggage: more than 20 violations and a holdover tenant. It's the kind of file most brokers see and pass on — in the owner's own words, every other broker passed. The conventional buyer pool won't touch a building it can't finance cleanly or inspect its way through, and every pass chips away at the owner's leverage and confidence.
We didn't look for a buyer who would merely tolerate the violations — we looked for buyers who specialize in them. We targeted investors who had already purchased buildings with 10+ violations in the immediate area: a buyer profile with a proven record of closing on exactly this kind of property, who could look past the current condition and price the building on its future value — violations, holdover tenant and all. That record is knowable, and we went to those buyers directly. For them, the violations weren't a reason to discount; they were simply part of the underwriting.
Sold in 45 days to a developer.
The owner retained the proceeds and acquired a single net-leased asset that doubled his current net income — trading a violation-laden building and a holdover case for passive income, in 45 days.
I had 20+ violations and a holdover tenant — every other broker passed. Dimitri found a buyer who specialized in exactly that and closed in 45 days.Inheritor · Bedford-Stuyvesant, Brooklyn
Straight answers, drawn from how this transaction actually played out.
Yes. This building carried more than 20 violations and still sold in 45 days — to a buyer who had already purchased buildings with 10+ violations in the same area.
Not in this case. The building sold with its violations in place — the right buyer pool prices them in rather than walking away.
The property had a holdover tenant, and it didn't stop the sale — the buyer specialized in exactly this situation and closed in 45 days.
He retained the proceeds and acquired a single net-leased asset that doubled his current net income.
That depends heavily on the buyer pool it's shown to. Request a free valuation through the form on this page or call (212) 837-8835 — confidential, delivered within 24 hours, no obligation to sell.
Every sale on this page started the same way — with an owner finding out what their building was actually worth to the right buyer pool. Request a confidential valuation, or start at our valuation page. No cost, no pressure, no public exposure.
Delivered to your email within 24 hours. Free of charge. No pressure to sell — ever.