Sound Investments with Invictus Property Advisors
If you’re in the market for commercial property, then Invictus Property Advisors, a broker-owned commercial real estate advisory firm that specializes in investment sales, might be the business you should turn to. Started in 2018 by Andrew Levine and Josh Lipton, both bring nearly 20 years of combined experience to the table, offering a tailor made and data driven approach to each of their listings. They are also a boutique brokerage firm, and remain hands on with every one of their transactions- from beginning to end.
One of the ways they stand out amongst competitors is by staying hyper-focused on their core business strategy- New York City investment sales. While they focus on transactions within the $2 - $50 million dollar range, their customer service is unparalleled; Josh and Andrew treat every client with the same level of commitment and quality no matter where their budget may lie within that spectrum. “Owners are impressed when their $2 or $3 million transaction is treated like a $50 million deal,” Andrew stated.
The paths that led them to become the founders of Invictus Property Advisors can also be a source of value to potential clients. For Andrew, “Growing up in Manhattan, the commercial real estate capital of the world, I was exposed to the industry from a very early age.” As he navigated through undergrad at NYU and various internships, he soon gained an intimate understanding of what it took to succeed in this industry, “I learned quickly how much dedication real estate professionals have to their line of work. No day is a dull day in this market. I enjoy navigating through some of the qualitative and quantitative complexities, and nuances of each submarket and neighborhood.”
Josh comes from a law background and previously worked as a capital markets attorney for a large international firm. For nearly a decade, he assisted companies raise debt and equity through private and public offerings. But Josh wanted a change: “Though I miss being surrounded by some of my previous colleagues, the work itself was not something I loved. When logging 80-100 hours a week, I decided you should love what you do.” Josh made the change by joining Massey Knakal as a sales agent, where Andrew worked as well. “Andrew and I realized, after working at several commercial brokerages that we worked well together and had a shared vision for what we wanted to accomplish.”
Now that we’re all acquainted, let’s take a look at just a few of the listings Invictus Property Advisors has to offer in Upper Manhattan and SoBro:
411 East 141st Street, Bronx
13 unit multifamily
Ask Price: $900,000
NOI: $129,265
CAP Rate: 14%
Gross Square Footage: 3,160
411 East 141st Street is actually a SRO property, which is nestled within the Mott Haven section of the Bronx. There are 13 separate units within the property, across four stories and the decor still holds true to some of its original design work from the early 20th century. It is conveniently located near the 2, 4, 5 and 6 train lines, multiple bus routes, and is a few blocks away from the Major Deegan Expressway. Perfect for renters who are constantly on the go, and looking for a well maintained, yet affordable place to call home.
403 East 139th Street, Bronx
10 unit Multifamily
Ask Price: $795,000
NOI: $90,167
CAP Rate: 11%
Gross Square Footage: 3,160
**This building is part of a package deal with the one above, 411 East 141st Street, Bronx.**
403 East 139th Street is an SRO similar to 411 East 141st Street and has 10 units, which also spans across four stories. However, three of the units have a bathroom and kitchen. Aside from being close to public transportation this property is within walking distance to several schools, parks, restaurants, and the United States Post Office.
What makes this package deal an attractive investment? Andrew explains: “The yield or cap rate for these assets are in excess of 10%, which is challenging to find anywhere in NYC. So, for buyers looking for yield, who understand the SRO asset class, these are great cash-on-cash opportunities.”
225 East 110th Street, Harlem
3 unit Townhouse (with parking)
Ask Price: $2,195,000
NOI: $102,756
CAP Rate: 4.7%
Gross Square Footage: 3,864
225 East 110th Street is a three story townhouse with three residential units and two parking spots in the rear of the lot. The property is within walking distance to the 6 train, Central Park and several eateries. For your shopping needs, simply walk a few blocks north and you’ll find East River Plaza. If you need a break from the city, both the Metro North and FDR Drive are close enough to aid in your escape.
Who’s the perfect buyer for this? For the owners of Invictus Property Advisors, the answer is simple: “Either a family or individual looking for a townhouse living at less than half the cost of a similar property on the Upper East or Upper West Side, without sacrificing on space or living conditions and amenities”
419 West 144th Street, Harlem
5 unit Townhouse
Ask Price: $2,895,000
NOI: $97,955 Actual | $132,794 Projected
CAP Rate: 3.4% Actual | 4.6% Projected
Gross Square Footage:5,890
419 West 144th Street is a five story townhouse located within the vibrant Hamilton Heights Historic District, and home to many high-heeled professionals within the political, legal, medical, and artistic fields. The property has been continuously improved upon over the years by the owners and delivers a charmingly authentic look with several modern touches. While the property is gorgeous, there’s so much life going on throughout the neighborhood that prospective tenants would be happy to call this place home- as would you.
Based on Andrew’s feedback regarding the listing, the competition may be fierce: “Since this coveted area is only 4-5 blocks long and three avenues wide, the scarcity of available properties creates significant demand from both users and investors.”
2605 Frederick Douglass Boulevard, Harlem
Retail CondoAsk Price: $700,000
Gross Square Footage: 800sf Above-Grade | 600sf Below-Grade
2605 Frederick Douglass Boulevard is a retail condo that’s situated right on the corner of West 139th Street. The ground floor offers retail space, with additional usable space in the basement. The property currently has a luxury retail tenant with a significant online and celebrity following. Across the street you will find two luxury mixed use buildings that contain an art gallery (Faction Arts Project) and Reverence (a reservation only restaurant from Russell Jackson, a former contestant from BravoTV’s Iron Chef and Food Network’s The Next Food Network Star). Aside from the many local and national retailers nearby, this retail condo sits close to two major academic institutions and a Common Coliving location. For prospective buyers, 2605 Frederick Douglass Boulevard promises a lot of foot traffic.
According to owners Josh and Andrew: “This is a retail condo that has appeal to a wide array of purchasers such as: retailers, business owners, and investors.”
Invictus Property Advisors currently has several property types available throughout Manhattan, Brooklyn, The Bronx and Queens. To view additional listings please visit their website: https://www.invictusnyc.com/.
Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.
