WHAT'S YOUR PROPERTY WORTH?
Each property posses its own unique characteristics which as a result create valuation differentials extracted from the market place. What follows are several recent sales transaction that have taken place from January 28, 2020 to February 12, 2020.
1572 Tomlinson Avenue $559,000 closed 01/29/2020
1626 Tomlinson Avenue $600,000 closed 01/28/2020
1724 Tomlinson Avenue $430,000 closed 01/29/2020
Needless to say a wide spread in sales prices due to the unique characteristics of each property. So we ask, WHAT IS YOUR PROPERTY WORTH? To find out, call
RICHARD GRECO APPRAISALS, 718-518-8588
APPRAISING: A profession where experience and geographic competence counts.
A common question often asked of me is, Mr. Greco what areas do you cover?
I've been blessed with great clients that have allowed me to cover a wide geographic area of the southern tier of New York State where I have appraised residential homes, farms, agricultural properties, commercial property, property of notables, dignitaries,
embassies and unique appraisal assignments such as terrace, sun roof and deck, additional closet space, common hall space and the loss thereof.
I've had the great fortune of being qualified as an Expert Witness in the Supreme Courts of New York, Federal Bankruptcy Court of New York and Connecticut and Superior Court of Connecticut as well as having been appointed as a Article 7A Small Claims Assessment
Review Hearing Officer and a Guardianship Appraiser.
In appraising experience and geographic competence are the number one ingredients in properly calculating the market value of real estate.
WHEN THE TIME COMES FOR YOU TO UNEARTH THE VALUE OF YOUR PROPERTY call Richard Greco Appraisals at 718-518-8588 or register as a client and order your appraisal on line.
FAIRFIELD COUNTY CONNECTICUT
BENIINGTON COUNTY VERMONT ON SPECIAL REQUEST
WHAT IS YOUR PROPERTY WORTH
With the surge in property values in the Morris Park, Van Nest, Pelham Gardens, Pelham Parkway communities the question often asked of me as I travel Morris Park Avenue is "What is my property worth?"
If you are a Residential, Commercial, Industrial property owner anywhere in the Bronx and need to know the Fair Market Value of your property, call Richard Greco Appraisals, Inc founded in 1969 at 718-518-8588 or email us at
Present a copy of this post for a 10% discount.
TRIPLE NET LEASE, Long term lease terms available. Former Martone Photo Studio of Morris Park Available. Consists of 1344 SF of 1st floor (Street Traffic Area) plus 1000 SF of basement area. Can be divided into 2 offices or retail stores with basement, This
location is ideal for a new or existing business wanting to establish a foot hold or expand in the up and coming Morris Park Community with the projected building of the New Metro North Morris Park and Van Nest Train Station. Suitable for Professional Law
Office, Bank, Medical, Dental Office. Great local long term tenants of community are Subway Franchise, Patsy's Pizzeria Franchise, Golden Eagle Restaurant, Boutique Cafes. Neighbors include Jacobi and Einstein Hospital and Medical Center. Thinking of a new
location for your restaurant then consider a 1344 SF Restaurant with approximately 1000 SF and 1000 SF private party room. Limitless potential exist for this AAA location. 24 Hour showing notice required. Call Rich Greco 718-518-8588
Is it a matter of time? With the proposed Morris Park Metro North Train Station, the surge in property values in Manhattan, Brooklyn and Queens as well as the shortage of apartment, is Morris Park in a position to benefit from rising property values and
benefit from its own surge in property values?
Richard Greco of Richard Greco Appraisals and owner of Richard Greco Real Estate, a Morris Park Real Estate Brokerage Service say YES.
Simply put, there isn't any more property to develop, the only solution is the purchase of older, non-land mark properties, demolition and build new. Fact is, older homes too will benefit from the demand of reasonably priced homes that are in reach of Middle
Class Americans and Morris Parkites.
As an Appraiser, Richard Greco can tell you that atypical 1920 two family home on a 25 x 100 lot in Astoria, Flushing, Crown Heights Brooklyn can command a price of $900,000 to 1.4 Million dollars.
The same home in The Bronx command a sales price of $450,000 to $550,000 practically one half of it counter part in Queens and Brooklyn.
How long will it take for the prices in the Bronx to match the prices in Queens and Brooklyn? That may never happen. However, as long as prices continue to rise and supply is low and demand is high, Queens and Brooklyn home prices will continue to surge
and so will the prices of homes in the Bronx.
The question now arises. Should you sell or hold on to the property pending the completion of the Metro North Train Station. Of course that depends on your financial condition.
Richard Greco, as a Morris Park Real Property Investor can tell you that he will hold onto his Realty Holdings.
To find out what your property is worth now, call Richard Greco at 718-518-8588.
Has your home been appraised only for you to discover the value came in short of the contract sales price or your anticipated for you to successfully refinance your home, condo or coop?
If so, and you have been advised by the lender that you haven't any recourse, then you were given wrong information.
Fact is, you can challenge the value rendered of your property. In addition, a Federal Law known as Dodd-Frank allows you to order your own appraisal and the lender must notify you of this fact at the time of application.
Want to challenge the appraised value of your home, condo or coop?
For further details, feel free to browse our wen site or call us direct at:
RICHARD GRECO APPRAISALS, INC
New York State Certified Real Estate Appraisers
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Richard Greco Appraisals, Inc.
New York State Certified Real Estate Appraiser
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