Favorable Seller's Market Makes Delmar Apartment Complex one of the Highest Valued Per Unit in the Capital Region
ALBANY, N.Y., Jan. 17, 2014 /PRNewswire-iReach/ -- Licensed Sales Associate and Investment Specialist Peter Tryon of Field Realty today announced the close of Orchard Garden Apartments at $111,250 per unit. A strong sales, marketing, and advertising strategy combined with favorable market conditions continue to boost returns for real estate sellers. The impeccably maintained, 20-unit Delmar apartment complex is now one of the highest valued per unit in the Capital Region.
To drive investor interest and attract premium offers, Mr. Tryon designed and implemented a broad-reaching promotional campaign. Launched the day the listing hit the market on September 3, 2013, this campaign was tailored to address the needs of both local and out-of-state real estate investors. Web and print campaign materials detailed both current and projected rent roll, monthly and annual pro forma, and operating expenses to differentiate the property and clearly demonstrate its value to investors. A comprehensive photo gallery provided a glimpse of site grounds and rental units.
The sellers received 12 qualified offers within the first two weeks, of which 10 were all cash. An offer was accepted and the sale was pending by month end. This property closed on December 20, 2013.
"I'm thrilled to play a key role in helping my clients earn a substantial return on their investment," stated Mr. Tryon. "It's an exciting period for real estate sellers, with inventory scarce and buyer interest high. Savvy property owners are acting quickly to reap strong proceeds before this trend ends."
Learn more about Peter M. Tryon and Field Realty at fieldrealty.com.
About Field Realty
Since 1974, Field Realty has provided clients throughout the Capital Region with a unique approach to real estate purchase and sales. The agency is recognized for offering personalized attention and customized promotional campaigns that employ the latest industry technology. Through aggressive marketing and sales strategies, the company aims to sell listings in less than 30 days. Field Realty is ranked in the top one percent of all local agents based on sales volume.
Contact: Peter Tryon
Media Contact: Peter Tryon, FIELD REALTY, 5185984000, firstname.lastname@example.org
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SOURCE Field Realty