PITTSBURGH, PA, June 05, 2013 (Press-News.org) According to Dormont Borough's public records, Jason Cohen, as of May 30, 2013, owns the most buildings in the area, with a total of 11.
Cohen has a history of total community and residential renovations and flips, performing over 100 in the Pittsburgh area in his decade of real estate entrepreneurship.
The most recent purchase includes:
-2 duplexes
-1 triplex
-1 apartment building
Cohen purchased the properties from the same owner in a $360,000 deal. This follows his career-long tactic of hunting commercial properties not yet on the multilist (MLS) and with a low average per-unit cost. These particular buildings hold 12 total units, battling the Dormont average of over $50,000 per duplex unit at the small cost of just $30,000. This is especially significant since Voelkel units have laundry facilities, McNeilly units have parking, and Dormont and McNeilly units have backyards and front porches.
Plans for building beautification include:
- Cleaning and exterminating the units
- Landscaping
- A new roof on each duplex
- Brickwork, which already started in the first 24 hours
- New vinyl flooring, cabinetry, and appliances
- Tenant evaluation for lease renewals
The deal included the seller of the properties providing the first mortgage, simply meaning acting as the primary lender to the buyer, and will be able to collect interest long-term into his retirement. The seller's loan is secured by the property while allowing for monthly principal and interest payments on money that would have otherwise been fully taxed, had the seller opted for the conventional method of receiving all funds at closing. Cohen encourages all property-owning retirement-seekers to contact him via http://jasoncohenpittsburgh.com in order to work a deal that will be mutually beneficial to both buyer and seller.
Cohen is a veteran to renovating, and has quite the "before-and-after" portfolio. Pictures are attached to portray this recent purchase as well as some of his past projects. He also isn't squeamish when it comes to less-than-ideal unit conditions, which, with this purchase and a handful of past others, include roaches, vermin, and squatting tenants. Like several of his past purchases, he found these properties in a state of decay, yet quietly nested in highly desirable areas. These types of buildings tend to be invisible code officials' radar, as tenants typically residing in these properties accept ramshackle conditions in exchange for lenient management. Cohen has repeatedly and riskily jumped into these near-assetless properties, turning consistent results by:
- Turning communities into attractive neighborhood additions
- Producing positive revenue streams for taxing bodies
- Making them attractive profit centers for Cohen and his investors.
Cohen owns around 55 buildings in Pittsburgh, which upholds him as one of the city's top investors.
ABOUT:
Acquiring his first commercial property in 2004, Jason Cohen of Jason Cohen Pittsburgh started one of the most rapidly growing small to mid-size multi-family real estate acquisition groups in the Pittsburgh market. As a consulting group, Jason Cohen Pittsburgh strives to unite and package together specific real estate strategies tailored to the unique financial situation and goals of each client. Jason Cohen owns several buying entities, and represents several investors who have consistently returned for further consultations. Cohen's group sets themselves apart by the custom, individualized process it takes for every client to succeed in their real estate activities from start to finish.
CONTACT
Jason Cohen can be reached at info@jasoncohenpittsburgh.com, (412) 812- 1578, or by visiting his forum and website at www.jasoncohenpittsburgh.com.
SOURCE
Jason Cohen Pittsburgh
RELATED LINKS
Jason Cohen Pittsburgh
Jason Cohen Pittsburgh is a consulting forum for Jason Cohen and others to unite and package together specific real estate strategies tailored to the unique financial situation and goals of each client. Please contact us at info@jasoncohenpittsburgh.comor (412) 812-1578.
Jason Cohen Pittsburgh is at the Peak of the Game! Cohen Purchases 4 More Buildings in Pittsburgh Areas Dormont, Confirming him the Highest-Volume Commercial Property Owner in the Borough (Pictures)
Jason Cohen of Jason Cohen Pittsburgh, a real estate consulting group, added 4 buildings with a total of 12 units to his Dormont property stockpile, launching him into owning the most commercial properties in the area as of the closing May 30, 2013.
2013-06-05
[Attachments] See images for this press release:
ELSE PRESS RELEASES FROM THIS DATE:
Electric Car Drivers Set to Benefit From More Charging Points
2013-06-05
The government has announced that it will give electric car drivers a 75% subsidy for the cost of installing charging point. This also applies to garages meaning they will only be expected to cover the remaining 25% of installation costs. (1)
A growing number of car manufacturers recognise that motorists want more fuel efficient and cost effective cars, which is why more and more, are developing electric and hybrid vehicles.
As a result, more electric charging points will be needed and the government is trying to encourage this by offering a subsidy.
There are ...
Pure Garcinia Cambogia Extract With 50% HCA Properties to Boost the Weight Loss Process
2013-06-05
Garcinia Cambogia Select the latest and most exciting breakthrough in weight loss as called by health experts, has gained a significant popularity among customers for its lots of health benefits and weight loss abilities. The product actually contains a high concentration of a powerful compound called HCA (Hydroxycitric Acid) which has great health beneficial abilities and it helps to shed extra pounds naturally with no negative effects on health. Along with a natural weight loss, the compound has lots of other health benefits too and helps to promote a healthy well being. ...
'Watering the forest for the trees' emerging as priority for forest management
2013-06-04
A new analysis led by the U.S. Forest Service's Pacific Northwest Research Station encourages resource managers to consider a broadened view of forests as consumers of water.
A shift in thinking toward reducing the risk of water stress to vegetation can help forests maintain their resilience and health in a changing climate, according to a paper published online in the journal Frontiers in Ecology and the Environment.
"Our work emphasizes how forests primarily need and consume water, and so managing forest health requires thinking about how much water is available ...
Enhancer RNAs alter gene expression
2013-06-04
In a pair of distinct but complementary papers, researchers at the University of California, San Diego School of Medicine and colleagues illuminate the functional importance of a relatively new class of RNA molecules. The work, published online this week in the journal Nature, suggests modulation of "enhancer-directed RNAs" or "eRNAs" could provide a new way to alter gene expression in living cells, perhaps affecting the development or pathology of many diseases.
Enhancers are sequences in the genome that act to boost or "enhance" the activity or expression of nearby ...
Common gene known to cause inherited autism now linked to specific behaviors
2013-06-04
The genetic malady known as Fragile X syndrome is the most common cause of inherited autism and intellectual disability. Brain scientists know the gene defect that causes the syndrome and understand the damage it does in misshaping the brain's synapses — the connections between neurons. But how this abnormal shaping of synapses translates into abnormal behavior is unclear.
Now, researchers at UCLA believe they know. Using a mouse model of Fragile X syndrome (FXS), they recorded the activity of networks of neurons in a living mouse brain while the animal was awake and ...
Test to improve stem cell safety
2013-06-04
CSIRO scientists have developed a test to identify unsafe stem cells. It is the first safety test specifically for human induced pluripotent stem cells (iPS) – as published today in the international journal Stem Cells.
The breakthrough is a significant step in improving the quality of iPS cells and identifying unwanted cells that can form tumours. The test also determines how stable iPS cells are when grown in the lab.
Dr Andrew Laslett and his team have spent the last five years working on the project. The research has focused on comparing different types of iPS cells ...
Anatomy determines how lizards attract partners and repel rivals
2013-06-04
SYDNEY: Catching the attention of females in a darkened rainforest amid a blur of windblown vegetation is no easy task.
But male Anolis lizards on the island of Jamaica have evolved an ideal visual technique - very rapid extension and retraction of a large, coloured pouch under their throats, combined with quick bobbing of their heads to warn off any other rival suitors.
Now the mystery of why their close relatives on the neighbouring island of Puerto Rico do not adopt the same strategy to advertise their ownership of a territory has been solved.
The study, led by UNSW's ...
Fear: A justified response or faulty wiring?
2013-06-04
VIDEO:
The article as it appears in JoVE Behavior.
Click here for more information.
Fear is one of the most primal feelings known to man and beast. As we develop in society and learn, fear is hard coded into our neural circuitry through the amygdala, a small, almond-shaped nuclei of neurons within the medial temporal lobe of the brain. For psychologists and neurologists, the amygdala is a particularly interesting region of the brain because it plays a role in emotional learning ...
MET protein levels show promise as biomarker for aggressive colon cancer
2013-06-04
HOUSTON - MET protein levels correlate strongly with epithelial-mesenchymal transition (EMT) phenotype, a treatment-resistant type of colorectal cancer and may be used as a surrogate biomarker, according to new research from The University of Texas MD Anderson Cancer Center.
The study results, which compared MET protein expression with protein/gene expression of EMT markers and evaluated impact on survival, were released today at the annual meeting of the American Society of Clinical Oncology.
"When the epithelial cells that line the colon become cancerous, some of them ...
Scientists find potential new clues for identifying breast cancer risk
2013-06-04
New research provides critical insights into how normal breast precursor cells may be genetically vulnerable to develop into cancer. The research is published June 4th in the inaugural issue of Stem Cell Reports, an open-access journal from the International Society of Stem Cell Research (ISSCR) published by Cell Press. Scientists discovered that a particular class of normal breast precursor cells have extremely short chromosome ends (known as telomeres). As a result, these cells would be expected to be prone to acquiring mutations that lead to cancer if they managed to ...
LAST 30 PRESS RELEASES:
New method searches through 10 sextillion drug molecules
Breakthrough in the development of a new low-cost computer
New computer model can predict the length of a household's displacement in any U.S. community after a disaster
At your service: How older adults embrace demand-responsive transportation
Enhancing lithium-ion battery performance with roll-to-roll compatible flash process technology
Simulating scientists: New tool for AI-powered scientific discovery
Helium in the Earth's core
Study: First female runner could soon break the 4-minute-mile barrier
High dietary fish intake may slow disability progression in MS
UK Armed Forces servicewomen face unique set of hurdles for abortion access/care
Use of strong synthetic opioids during surgery linked to poor composite experience of pain
UK innovation to transform treatment for people with type 2 diabetes worldwide
AI model can read ECGs to identify female patients at higher risk of heart disease
Biological organ ages predict disease risk decades in advance
New manzanita species discovered, already at risk
Giant ice bulldozers: How ancient glaciers helped life evolve
Toward high electro-optic performance in III-V semiconductors
In mouse embryos, sister cells commit suicide in unison
Automatic cell analysis with the help of artificial intelligence
New study highlights need for better care to prevent lung problems after abdominal surgery
Microplastics in ocean linked to disabilities for coastal residents
Biophysical Society announced undergraduate poster award competition winners
Successful strategies for collaborative species conservation
Immune cells may lead to more Parkinson's cases in men
SCAI publishes expert consensus on alternative access for transaortic valve replacement (TAVR)
Humans inherited their flexible joints from the earliest jawed fish
Understanding the world within: Study reveals new insights into phage–bacteria interactions in the gut microbiome
Cold treatment does not appear to protect preterm infants from disability or death caused by oxygen loss, according to NIH-funded study
Pennington Biomedical researchers uncover role of hormone in influencing brain reward pathway and food preferences
Rethinking equity in electric vehicle infrastructure
[Press-News.org] Jason Cohen Pittsburgh is at the Peak of the Game! Cohen Purchases 4 More Buildings in Pittsburgh Areas Dormont, Confirming him the Highest-Volume Commercial Property Owner in the Borough (Pictures)Jason Cohen of Jason Cohen Pittsburgh, a real estate consulting group, added 4 buildings with a total of 12 units to his Dormont property stockpile, launching him into owning the most commercial properties in the area as of the closing May 30, 2013.