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Video on Take A Cue From Andrew Borrok For Real Estate Investments

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Take A Cue From Andrew Borrok For Real Estate Investments
Grojan Fabiola
Anyone who wants to learn about the right way to go about real estate investing should look to Andrew Borrok and the way he does business, because he has set a precedent for success in the realty investment field. Turning a real estate investment into a massive profit without forking over much or any of your own capital might sound like an impossible dream, but this man has done it. Andrew Borrok sold a Manhattan office building on the prime acreage of West 34th Street for an unprecedented $350 million. Many people might have failed if they had attempted this fete.
The key to making a real estate investment a success, even if you don't have a lot of capital to invest upfront, is to choose a property with little risk and make the necessary improvements to increase the value. Andrew Borrok, for instance, negotiated $106 million in refinancing approximately six months after acquiring the building in a $98 million buyout and increased occupancy from 92 percent to more than 98 percent. He also supervised tenant improvement work in approximately 560,000 square feet of office building space, which included replacing the boilers and Class E system, in addition to other capital improvement work. When it was all said and done he sold building for $350 million.
The property that Andrew Borrok acquired was not a risky one - the tenants are some of the most prominent businesses in the city and the nation, and the address is in s prime location for Manhattan commerce. He also made the improvements that were necessary to sell the property for a tidy profit, without going overboard and adding the kinds of features that wouldn't necessarily make the property more attractive. And with an occupancy rate of more than 98 percent, this building couldn't have been more attractive to buyers.
On a smaller scale, any real estate investor can take the same path that Andrew Borrok has taken to find their own success. It takes hard work, determination, research and advice.
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