Even as a experienced commercial agent I find these neighborhood lines confusing. Am I in Carroll Gardens or Gowanus? Bushwick or Williamsburg? Crown Heights or Prospect Heights? This map will help shed some light!
Let’s face it running a business in the city can be brutal. Businesses have to dodge a minefield of regulations, high rents, taxes, disasters , and most of all a vulnerable economy.
There is a small consolation. New York City and the NY State do provide economic incentives which can be especially helpful to Brooklyn businesses.looking for real estate.
But finding these incentives was mission impossible….until now.
Click here —-> NYC QUICK INCENTIVES ANALYZER
This quick online questionnaire points you in the right direction by analyzing your business and displaying your possible incentives.
I tried it. I answered the questions as a business moving from Manhattan to Brooklyn looking for manufacturing space. Here is what popped up.
Not bad, huh? Computerize bureaucracy isn’t so bad!
If you are eligible for any incentives that involves leasing, purchasing, or selling property in Brooklyn or Queens, drop me a line and I’ll point you in the right direction.
Jon Brooks at
Listed subject to errors, omissions, change of price, or other conditions, prior sale, rent , and withdrawal without notice.
What do you do if you own a property free and clear that someone wants to buy, but they can only put cash down for 30% of the property’s value? Before the credit crisis, the answer was easy. They buyer puts down 30% and finances the rest. In the absence of traditional sources of financing, the above question is being asked for every deal, and the answer can be a real problem that often kills deals. But there are still some deals that make sense—in particular sales/purchases of low or no leveraged real estate. In this narrow context, the viability of the transaction will depend on not whether financing is available but, rather, whether the buyer has a sufficient cash deposit (which will typically be in the area of 20% to 40% of the purchase price) to permit the seller to satisfy its existing obligations (including any tax exposure upon the sale).
If you are looking to lease a warehouse, loft space, offices, or retail property, you should be well prepared. Commercial Real Estate inventory in Brooklyn and the other boroughs in NYC is low and it’s competitive. I prepared this guide to assist you on making your big move.
If you are looking to buy Industrial or Commercial Real Estate it’s important to identify how you are financing purchasing deal. While this seems obvious, often times I see buyers identify their type of financing to me but don’t prepare themselves to show proof of their ability finance a deal. This can erode a seller’s confidence in you as a buyer and reduce your chances of doing a deal.
The NY Times provides a nice breakdown on the difference between being PREQUALIFIED and recieving PREAPPROVAL when looking to recieve institutional financing on purchase of property. Understanding this key difference strengthens your negotiation position. It is highly recommended that you recieve preapproval from your lender because the lender requires you to disclose your financials for their review. While a lender’s preapproval letter does not guaranty 100% that the you will actually receive financing that matches the preapproval, but it’s enough to gain a seller’s confidence in you.
Getting Prequalified by your lender does not usually require to show the lender hard proof of your finances.. Sellers doesn’t recognize being PREQUALIFIED as proof that you are a serious buyer.
If you are currently looking for space in the 5 boroughs you can always call me for advise, call Jon Brooks, agent at 5CRE 212-366-0407, email me at firstname.lastname@example.org..
Disclaimer: Not all information above may be accurate. Please before you use any advise in this post or any other post in this blog, consult with a real estate professional and/or attorney.
I specialize in the SALE/LEASING of Industrial, Creative Lofts, Retail, Development, and Investment
Properties in New York.
As an agent, I have the amazing opportunity to mold, shape, create neighborhoods. Brooklyn is a great canvas to work with.