Why your vacant property is costing you
A vacant house in NYC typically costs $1,500–$4,000 every month, even with nothing happening to it:
- •Property taxes keep accruing
- •Insurance often DOUBLES on vacant properties — and some carriers cancel entirely after 60 days vacant
- •Utilities (heat to prevent freeze damage, water to prevent backups)
- •HOA / co-op fees if applicable
- •Pest control, lawn, snow removal
- •Open permit / violation accrual
- •Vandalism, squatter risk
Every month it sits, it loses value AND drains your bank account.
Situations I buy
- •Inherited and you can't get to it
- •Mom or dad moved into assisted living and the house emptied out
- •Tenants moved out and you don't want to deal with re-renting
- •Out-of-state owner who can't manage from a distance
- •House too damaged to list traditionally
- •Insurance dropped you
- •Renovation started, ran out of money, still half-finished
- •Fire / flood / mold damage
- •Hoarder situation you can't face
- •Code violations stacking up
- •Squatter moved in
- •Has been "for sale" forever with no real offers
How this works
1. Tell me about the property. Address, condition, how long it's been empty.
2. I take a look — either in person or via photos / video walk-through.
3. Cash offer in 24 hours. As-is. No clean-out required. No repairs. No staging. No realtor commission.
4. Close on your timeline. Faster is usually better with vacant properties — every week you wait is more money out the door.
What I handle after closing
- •The clean-out (you don't have to remove a single thing)
- •Open violations
- •Boarding / securing the property
- •Squatters or trespassers
- •Rehabilitation or demolition
- •Insurance gap (I get coverage day one)
Why this works
Vacant properties scare traditional buyers and banks. The longer it sits, the harder it is to list traditionally — appraisals come in low, financing falls through. I'm a cash investor — none of those problems apply.
I've bought houses that sat empty 3 years, 7 years, even 15 years. Condition isn't the issue. Holding cost is.
Common questions
The house has a squatter in it. Can you still buy it?
Yes. I deal with that after closing — not your problem anymore.
It was condemned by the city. Sellable?
Often yes. Tell me about it.
Insurance dropped me. Now what?
Get me involved before something goes wrong. If we close fast, my policy kicks in on day one.
Are you a real estate agent?
No. Investor, cash buyer. Not a licensed agent, attorney, or financial advisor.