Investor buys 423rd building, first building ever bought.In an extraordinary course of events, real estate investor A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. Bob Shapiro Sha·pir·o , Karl Jay 1913-2000. American poet and critic known for his early poems concerning World War II and his later works in free verse. , of Manhattan Property Investors Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ., has bought his 423rd property in 22 years and has also repurchased the first deal he ever bought. Shapiro first purchased 435 East 9th St. in 1981 for $150,000 and then sold the property in 1983 for approximately $300,000. Fast forward almost 21 years later, and Shapiro has again bought the property having closed on it for a purchase price of $1,725,000. "I guess I should have kept it," joked Mr. Shapiro when asked about his latest acquisition. "I have bought and sold some 400 properties in the last twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. . This is the second time this year we have bought something which we recently owned," he continued. |
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