When Marcus & Millichap’s Charles “Chip” Collins listed a 97-unit Schenectady rental property for just over $10 million in June, he said, he was shocked by the number of investors “banging down the doors” looking for a deal. While Schenectady is more than 130 miles from the South Bronx — which has become a hotbed for multifamily buyers in recent years — the blue-collar upstate city is one of a handful seeing new levels of […]
source https://therealdeal.com/tristate/issues_articles/landlords-racing-upstate-face-a-long-haul/#new_tab#new_tab
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