Why tenement buildings sell so hard
The pool of tenement building buyers is extremely narrow: ordinary investors don't have tens of millions in cash and banks reluctantly finance occupied buildings with regulated rents. Plus legal burden — '90s lease agreements, non-payers, unclear termination grounds, neglected maintenance, often co-owned by multiple heirs or restitution claimants who disagree.
Result: buildings languish in ads for years or sell well below value to developers waiting out. We buy directly, decide fast and handle all complexity — it's our main discipline.
How we value a tenement building
We combine income method (actual collected rent, potential after normalization, management costs) and comparable method (building sales in area from cadastre). We transparently factor in: technical condition (roof, structure, utilities, elevator), occupancy and lease quality, legal defects and attic/unit-split potential.
You'll get an offer within 48 hours with full breakdown — buildings typically 15–30% below market value based on condition and occupancy. Sounds like a lot? Compare it to years in ads, commissions and the risk a mortgage buyer won't get approved.
What we buy
- Whole tenement buildings — occupied, partly occupied or empty, any condition.
- Buildings with problem tenants — non-payers, indefinite leases, regulated rent.
- Co-ownership shares in buildings — from inheritance and restitution, including minority.
- Buildings with debts and enforcement — we settle creditors from purchase price.
- Buildings suited for unit division — including works in progress.
You own a share in a building and other owners won't sell? We handle that too — discreetly and without their consent where the law allows.
Want to get more from a building? Read our know-how
Our blog openly describes how we work with buildings — and how you can too: How to offer and successfully sell a tenement building, How to hire for building renovation and How to profit together from sale and renovation — including a model where we enter the project together and you profit.
Don't want to sell but transform into saleable units under professional lead? Complete "building to sold units" service — feasibility, design, permits, construction and sales — at Cinzaky.com.