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⚝ Team Lala of Marcus & Millichap ⚝ 212‑430‑5220

Multi-family Due Diligence Check-list

• Building Description – Legal description, zoning, measurements, etc.

• DHCR - Registrations - Cases - 1984-Present -Decontrol Orders -MBR

• Pending MCI’s

• Rent Roll (including T’ Name, apt. #, Lease expiration, security deposit)

• Tenants files, including Leases, Renewals, correspondence

• Residential Leases

• Commercial Leases and/or Abstracts - Tenant Contributions

• Arrears report

• Schedule of security deposits

• Boiler - Triennial Registration - Annual Inspection

• Certificate of Occupancy

• Compactor Certificate of Operation

• Most recent Water Bills - Water & Sewer account number(s)

• Electric, Gas & Oil Bills - Account Numbers & Providers

• HPD -Violations -Actions

• DOB Violations

• ECB violations

• Environmental Report Phase I

• Asbestos

• Lead paint

• Elevator -Annual inspection -3,5 year test

• Emergency repairs

• Fire Safety Plan

• Facade Report-Local Law 10/80 (if higher than 6 stories)

• Fuel passalongs

• Summary of insurance coverage (declaration and copy of complete policy)

• Litigations-pending -Tenants -Any other

• Lead/Window Guard, notices and response

• Lead paint violations

• MDR-all annual registration

• Notice of Assessment/Tax Bill -SCRIE -DRIE

• Pending J-51’s or Other Abatements

• Oil tank -Petroleum Bulk Storage Registration -Fuel Permit

• Sprinkler

• Smoke Detector Certification

• Employee Information

• A.) Salary B.) Date of hire C.) Payroll records D.) Union Contracts, if any

• Engineering Report / Environmental Report (If they exist)

• Title Report

• Copies of all service contracts (Which are not cancelable on 30 days notice)



 


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All Backgroung Photos Are Deals We've Sold Plus A Few Panoramic Shots From The Field.

A Few Of The More Artistic Photos Are by Photographer Marc Lala.

See His Work @ marclala.com


Disclaimer: The information on this website has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of this information. References to square footage, age or any other metrics are approximate. You bear all risk for any reliance you place on this information. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage arising out of, or in connection with your use of, or inability to use, this website. Through this website you are able to link to other websites which are not under the control of MultiFamilyDirect.com. We do not necessarily recommend or endorse the views expressed within them, and we have no control over their content. This website is controlled and operated by MultiFamilyDirect.com, based in Lodi, NJ and operating out of 260 Madison Avenue, New York, NY, (212) 430-5220. We work hard and continuously to keep the website up and running without a glitch. However, due to technical issues within or beyond our control sometimes the site will be down or not working properly. Let us know and we will do our best to resolve any problems. Thank you for visiting our site.