Basil, Home Buyer in New York, NY

I am currently subletting a coop and may be interested in buying it. But, I have little idea of how much the

Asked by Basil, New York, NY Sun Mar 9, 2008

place is worth. What is the best way to find this out?

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Answers

6
Mitchell Hall, Agent, New York, NY
Tue Mar 18, 2008
ACRIS: Online City Register on the NYC public website will give you the most recent sale prices in your coop.
1 vote
Iris Shorin, , New York, NY
Mon Jan 20, 2014
You can start with researching closed properties-expecially on Trulia-to familiarize yourself with prices in the area. The Managing Agent and the Board usually send out a list of closed properties in the building.

If you know your neighbors, you may want to ask them if they know recent sales prices in the building.

The NYTimes offers information regarding sale prices as does Street Easy. A good real estate search engine is quite helpful.

If you need assistance, feel free to call upon me-there is no charge for my services.
Iris Shorin
ishorin@citi-habitats.com
0 votes
Wendy Jodel, Agent, NY,
Thu May 19, 2011
The best way is to call a broker.. have them do a market analysis.. comps in and about the area.. Then you will have a correct answer to your question.
0 votes
Joseph Ferra…, , New York County, NY
Wed Mar 12, 2008
You can try contacting the Managing Agent and asking what the range of selling prices has been recently for apartments similar to yours. You can also contact several real estate agents and ask them to prepare a CMA for you. Looking at all the information, you should have a better sense of the value. Good luck Basil.
0 votes
Aileen-Manha…, , New York, NY
Sun Mar 9, 2008
You'll also have to know if you have a chance of passing the coop board. Just because you have the $ for the deposit and your monthly mortgage payment, doesn't mean that they'll approve you. Speak to some neighbors and some Realtors to help determine what the board is looking for and what the apartment is worth.
0 votes
Gerry Vazquez, Agent, NY,
Sun Mar 9, 2008
Basil,

You'll need a Realtor w/knowledge of the area and your particluar building to do a comparative market analysis for you. Call Daniel Segal (212. 692-8327; dsegal@elliman.com) manager of Prudential Douglas Elliman's East 42nd Street Office ( 205 East 42nd Street) for a referral.

Good luck!
Gerry
0 votes
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