Co-founder and head of development for full-service real estate company Dynamic Star, Brad Zackson, thinks real estate investing can be profitable and entertaining. Unluckily, some investments are the outcome of poor judgement. Even while it happens that a real estate investment may not succeed for a variety of reasons beyond the investor’s control, there are steps that may be taken to minimise the likelihood of a failed real estate investment. According to Zackson, choosing the ideal property also requires consideration of the property’s management strategy. In order to fill retail space, Dynamic Star intends to draw in and utilise the pool of distinctive local talent found among the neighborhood’s millennials, young professionals, and artists. Brad is of the opinion that supporting local talent enriches the neighbourhood and promotes economic development. Opus Point will try to serve as a gathering place for the suburbs. Currently, there will be an organic grocery, restaurant, coffee, and even an Eagle Electric museum among the retail tenants. As for accessibility, Opus Point will be close to transportation. Its transit-oriented location is suitable for today’s hybrid workforce and commuters as well as for renters looking for work in the outer boroughs that is closer to where they reside.
Recognizing the Advantages of Real Estate Investment:
You must pay the entire investment cost up front for many different sorts of investments you make, including purchasing stocks, mutual funds, and other financial products. You can use a real estate loan to increase the purchasing power of real estate. For instance, you might be eligible for a residential property investor loan of 75%, which would require you to put up only 25% of the investment’s worth. However, the rise of your equity rate, property worth, and other factors will increase in accordance with the total value. In addition, if you rent out your property, your tenants will virtually cover your mortgage payment. This indicates that they are gradually putting money toward your overall investment acquisition. The building is situated in Queens Plaza and is flanked by seven subway lines that serve four stops. Because Opus Point will be near the base of the new Queensboro Bridge pedestrian route, retailers at the building will benefit from high foot traffic. Also, it takes just five minutes to get to midtown Manhattan. Brad Zackson expects that this tower will act as a model for other mixed-use projects in the future.