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Archive - November 22, 2022

investing in real estate
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Real estate developer, finance manager and New York City management veteran Brad Zackson

Dynamic Star’s co-founder and development director, Brad Zackson, believes investing in multifamily properties can be lucrative and exciting. Unfortunately, some of these investments result from poor decisions. The investment process can sometimes fail for reasons beyond one’s control, but investors must always do extensive research and evaluate properties objectively. Brad Zackson says Choosing the right property also involves knowing how it will be managed.

Rental income from multifamily properties is a great way to ensure a steady cash flow stream. A multifamily property has more than one tenant, while a single-family home has just one tenant, says Brad Zackson. If one unit is vacant, you will still have cash flow from the other units. However, you must do your due diligence before investing in multifamily properties. Investors should focus on the property’s location and learn as much as possible about the city.

Every city is different, and areas within that city vary significantly. By doing so, the investor will understand the property’s true value. In addition, the vacancy rates and rental prices will be more accurate. It is also important to keep the research focused on preventing surprises. A systematic approach and the development of criteria for evaluating properties will assist investors in making smarter investments, according to Zackson.

By applying these criteria to all potential properties, the investor will be in a better position to make an objective decision. As a new investor, you risk falling in love with a property and overlooking its faults. A building’s operation and ability to serve the daily needs of its tenants are two of the most important factors for long-term value creation.

Zackson says property management helps retain tenants by ensuring that a property delivers maximum performance. Rent is usually set and collected by the property manager, maintenance requests are handled, vacant units are filled, and the property’s budget might be set. Cash flow will improve if a rental property is well managed due to turnover and vacancies.

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certified real estate agent
Business

All You Need To Know About Dynamic Star Company

Dynamic Star, LLC is a privately held real estate development, investment, and marketing firm in New York City. Our strategy for choosing investments looks for affordable properties with the potential for usage.

Land use, zoning, and underwriting are just a few of the real estate, construction, and finance specialties team. Each member has over 30 years of expertise in the construction investment and real estate sectors in New York City.

Main Things Of Dynamic Star

Dynamic Star has a track record of successfully developing, converting, and managing properties in an asset class while offering unique approaches to solving challenging real estate problems and increasing return on investment for our investors.

Dynamic Star can give clients early access to highly sought-after opportunities in the fiercely competitive New York City market thanks to our extensive network of long-standing relationships with institutional investors, architects, engineers, attorneys, contractors, brokers, and other real estate and construction industry insiders.

Four months into his job as a rental apartment broker in Queens, Brad Zackson was waiting for a client when a limo arrived at his Jamaica Estates office.

The Workers are working for his seven real estate firms under the Dynamic Group Inc. banner. Four of the projects owned by his development and conversion firm are to be sold this year for more than $100 million.

The second property, known as the “Clock Tower Building,” was created by skillfully combining two nearby properties owned by different parties. The MTA was granting air rights, resulting in the million-square-foot site with a 15-year 421a and no affordable component required.

Founder Of Dynamic Star

Brad Zackson supervised the acquisitions, the zoning lot merging, and other essential “paper” development concerns to complete this transaction before the initial 421a deadline expired.

An apartment was the third home. The third home was purchased through pleasant off-market negotiating from a non-seller. By agreeing to a sale-leaseback and the seller allowing the necessary work for Zackson to obtain a 421a Tax Abatement under the statutes that were extended six months past the deadline, Zackson was to meet the needs of the seller. Jackson’s concept has led to a  value gain, and an up-zoning is in the area.

Jackson, a New York City native, is active in the city’s politics and civic life. He has served on several boards, including for the Jewish Museum of New York, the Association of Builders and Owners (ABO), New York CARES, and the Central Park Conservancy. Jackson received the Ellis Island Medal of Honor.

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