New York Appraisals
NEW YORK STATE CERTIFIED; RESIDENTIAL & COMMERCIAL Your Local Real Estate Company
Queens - 718-312-8959 Manhattan - 212-380-1838 Westchester - 914-461-4240 Suffolk - 631-352-0219
Brooklyn - 718-618-5463
Nassau - 516-997-7447
Staten Island - 718-545-1980
Bronx - 718-304-0931

MANHATTAN APPRAISALS

The market was hit pretty bad in NYC. This can be attributed to the more stringent lending guidelines; especially for high dollar amounts. Unemployment, high maintenance fees and future uncertainty have made purchasing in Manhattan less appealing as compared to just renting.

Conducting appraisals in Manhattan is definitely the most difficult out of all the boroughs and Long Island. This is because neighborhoods change over the course of only a block or two; this makes it very difficult for the Manhattan appraiser to make sure that whichever comparable sale you’re using is from a similar neighborhood sharing similar socio-economic factors. A concern just as grave is to find sales from similar projects. Unit A in Manhattan can easily sell for twice as much as Unit B despite being a similar size and having a similar layout because it comes from a much superior project. Project superiority for an appraiser can be determined by age, doorman/concierge, gym, pool, laundry, dry cleaning, storage, child’s play room, etc. Hence it is always common practice by Manhattan appraisers to choose comparables from subject’s project if available that way you compare apples with apples. If one must use sales from other projects then the projects should be relatively similar.

Other factors which make appraising in Manhattan tricky is the lack of interior information for units. Condition details aren’t readily available due to the lack of MLS function in the City. Appraisers have to rely on minimum data from sites such as streeteasy, propertyshark and trulia. Many times extraordinary assumptions have to be made regarding interior setup and condition.

Our appraisers can help you with quick, affordable appraisal for all parts of Manhattan and New York.

Amalgamated Dwellings
Amsterdam Houses
Battery Park City
Carnegie Hill
Chelsea
Clinton
Colonial Park Houses
Delano Village
Dyckman Houses
East Harlem
East River Houses
East Village
Esplanade Gardens
Flatiron District
Franklin Houses
Gashouse District
Governor Alfred E Smith Houses
Gracie Square
Grammercy Park
Hamilton Heights
Hamilton Houses
Harbor View Terrace
Harlem River Houses
Hell’s Kitchen
Henry Street Settlement
Hester – Allen Turnkey Housing
Hillman Housing
Jacob Riis Houses
James Weldon Johnson Houses
Kips Bay
Knickerbocker Village
Le Petit Senegal
Lionel Hampton Houses
Little Italy
Loisaida
Lower East Side
Manhattanville
Morningside Heights
Murray Hill
Park West Village
Penn Station South
Peter Cooper Village
Phipps Houses
Polo Grounds Houses
Riverbend Houses
Rose Hill
San Juan Hill
Soho
Stanley Isaacs Houses
Stuyvesant Town
Sugar Hill
Taino Towers
Tribeca
Tudor City
University Village
Upper West Side
Washington Square Village
West Village Houses
Yorkville
 

Our Appraisal Firm Has Been Featured In:

The New York Times
The Real Deal Magazine
The New Yorker

"These guys gave me exactly what I needed - a true fair market value. I was looking to list my home for sale and realized that brokers & online sites like zillow were giving me different figures for my property. I called up Homeland and they told me that they will appraise it as if they were appraising it for a bank. They said that this way it would reflect the true value of a home as it would be what a bank is willing to lend on. Lo and behold their appraisal came in at exactly the same amount the bank's appraiser came in for the mortgage loan. If you want a true unbiased opinion of value, call these guys up - they definitely know what they're doing."

James Fontana - Brooklyn, NY

"It was such a pleasure working with Homeland; they were very flexible with their scheduling and fulfilled their promise of a 24-Hr Turnaround! (They saved me from my procastination!) The appraisal was for tax grievance purposes and it eventually helped me to significantly reduce my property taxes. Their certified appraisal met all the requirements set forth by the town. I would highly recommend them in the future!"

Stacey Fanara - Bronx, NY

"I used this company to help settle my Father's estate. They knew what I needed even before I had a chance to explain. They provided me with a certified retrospective appraisal dated at the date of passing and were very professional throughout the whole process. I recommended them to my neighbor who was thinking of listing her home and she was very satisfied as well. Call these guys up, you can't go wrong."

Richard Collins - Queens, NY

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