Is the buildingrunning you?
When an apartment building turns into a second job, you can sell it at auction. Sell it as-is with the leases in place, and know your auction date before you sign.
- Condition
- Sold as-is
- Leases
- Stay in place
- Closing
- 30–45 day close
Monday 7:12 AM. Dana: Morning. Boiler is down again Dana: Tech says it’s done. Replacement quote is $38,500 Owner: Can we patch it one more winter? Monday 4:40 PM. Dana: Also 3B and 5A both gave notice for the 30th Dana: Turnover on both will run about $9,000 Monday 9:58 PM. Dana: Last thing. Our management fee goes to 9% on Jan 1 The owner types “Maybe it’s time to sell the bui” and deletes it. Sound familiar?
When the building becomes a second job.
- Big-ticket repairsBoilers, roofs, windows. One quote can wipe out a year of cash flow.
- Turnover in wavesTwo or three units at once means make-ready, leasing and lost rent.
- Management costs that creepFees, payroll and vendor rates go up every year.
- Inspections and paperworkLicensing, inspections and compliance for every unit.
Selling doesn’t have to wait for full occupancy or a new boiler.
Sell the building as it stands.
The building sells as-is. No new boiler or roof before it goes to market.
Occupied units sell with their leases. Nobody has to move out.
Your auction date is set at the start, so you can plan around it.
Registered bidders compete in the open. The market sets the price, and you see how it got there.
How it works
- Step 1
Tell us about the property
Address, number of units and the current leases.
- Step 2
Talk through terms
We walk you through reserve, timing and terms of sale before anything is signed.
- Step 3
We market it everywhere buyers look
Your property goes on the MLS, out to our network of registered buyers, and into our email, social and digital ad campaigns.
- Step 4
Bidding ends. You close.
Bidding ends on your auction date. Contracts close in 30 days; larger multi-unit properties may take 30–45.
Questions building owners ask
Yes. Units sell with their leases in place, so nobody has to move out first.
It helps. Bring what you have, and we’ll go over what to share with bidders before anything is listed.
Contracts close in 30 days. Larger multi-unit properties may take 30–45.
Nothing, and there’s no obligation to sell with us. It’s a marketing estimate, not an appraisal.
Tell us about your building
Someone from our team will call to talk through the property, your timing and how an auction would work for it. No obligation to list.