Team Lala was tasked with the exclusive listing opportunity for a ten building upper Manhattan multifamily package near Columbia University. The seller was considering deferring his capital gains into Florida where he could “semi-retire”.
This type of assignment requires a complex multi-phased process of valuation, diligence, strategic marketing and high stakes negotiations.
Marco Lala and Team Lala were able to maximize the sales price of the portfolio by splitting into two packages both selling at records breaking price metrics. They were in control of every aspect of the marketing and negotiation process.
Additionally, the team was able to tap into a vast network of NNN, retail and office experts who helped the Seller procure four Florida assets satisfying his 1031 requirement.
Phase I: $9.3M sale of two multifamily buildings on West 139th Street in NYC steps from City College.
Phase II: $80.75M sale of eight multifamily buildings near Columbia University in NYC
Phase III: $52.383M 1031 exchange into Florida NNN, office and retail