LichtensteinRE.

com Just Sold 3-Family Property for $948,888 in Opportunity

Zone in Tremont, Bronx

Located down the street from very desirable Little Italy neighborhood, owner occupied first time
buyer enjoys maximum leverage.

New York, NY, December 20, 2019 --(PR.com)-- Andrew Lichtenstein, President of
LichtensteinRE.com, has just sold a property for $948,888 all cash. The property is located at 2015
Arthur Avenue in the Tremont Section of The Bronx.

LichtensteinRE.com procured 96.5% of the purchase price at the incredibly low rate of only 3.65% fixed
for 30 years for the first time primary owner-occupancy home buyer. With the attractive financing
package, the lucky buyer was able to achieve unparalleled leverage. The buyer's research attracted her to
the property because it is in an IRS opportunity zone with the potential to pay zero capital gains tax after
10 years of ownership.

Andrew Lichtenstein, the seller's exclusive broker, indicated that “the buyer is a recent Harvard graduate
who wanted to utilize lowest rate, highest leverage to live and receive cash flow from her first NYC
investment property. The brick building with lovely back yard, 2 balconies, 2+ car parking and large
usable basement recreation room is surrounded by brand new multifamily developments under
construction now and being planned. There is no question that with all the new improvements the block
and nearby that the location of this house should become even better.”

The property contains three apartments with two 3 bedrooms and one 2 bedroom.

“Even in this 'tough' new real estate market, we are not only still doing business, but we just closed the
sale of four buildings in Mount Vernon, Westchester County and master leased and got five buildings in
the Bronx into contract in less than a month and we have multiple properties with contracts out for
signature,” says Andrew Lichtenstein.

The location is wonderful for many reasons including that it is less than a mile from prime Bronx Little
Italy, is close to the Bronx Zoo and is a block from Tremont Park. This property is located on the near
shopping and public transportation NYC MTA # 5 and # 2 trains.

This lucky buyer beat out several other competing buyers all vying to buy this brick beauty.

The property was marketed exclusively by Andrew Lichtenstein, Inc. LichtensteinRE.com has been
actively selling multifamily and commercial real estate for its clients in and around New York City.

About LichtensteinRE
LichtensteinRE specializes in the exclusive sales of multifamily and mixed use commercial real estate
properties in New York City's 5 boroughs. LichtensteinRE is a full service Commercial Real Estate Sales,
Financing and Advisory Service Boutique based in New York City, the financial capital of the world.

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LichtensteinRE's proven experience, track record, financing ability, exclusive buyers and connections
with tens of thousands of property owners assures their selling clients the best possible price when a
landlord owner wants to sell their property.

DoctorMortgage, which is LichtensteinRE's financing division, has been a leader in commercial real
estate mortgage debt financing since 1991. DoctorMortgage is able to negotiate and facilitate financing to
deliver the best price, leverage and return on investment possible.

LichtensteinRE's greatest ability is creativity and problem solving. After selling the owner's property,
LichtensteinRE has assisted successful sellers in locating replacement 1031 tax deferred exchanges and in
some cases has more than doubled the seller's net income post-closing. To learn more contact Andrew
Lichtenstein at (800) 242-9888 or AL@LichtensteinRE.com

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Contact Information:
LichtensteinRE
Tatiana Lichtenstein
917-379-9592
Contact via Email
lichtensteinre.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/801941

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