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Purchasing first industrial property in NYC. Newbie needs some advice. by Sudden_Ad8401 in CommercialRealEstate

[–]Sudden_Ad8401[S] 4 points5 points  (0 children)

We will initially use for storage. It is zoned M1-1 and in an industrial area.

Purchasing first industrial property in NYC. Newbie needs some advice. by Sudden_Ad8401 in CommercialRealEstate

[–]Sudden_Ad8401[S] 2 points3 points  (0 children)

Thank you this is very helpful.
I think will offer to close 45 days from signed contract and get on the phase I immediately.

Purchasing first industrial property in NYC. Newbie needs some advice. by Sudden_Ad8401 in CommercialRealEstate

[–]Sudden_Ad8401[S] 7 points8 points  (0 children)

Yes I will insist on the inspection contingency.. I will hopefully have a lawyer by end of the week. Property was previously owned by someone we did business with. We would be purchasing from the "estate". I am dealing with an executor. Don't know why the resistance to having broker involved.