Updated almost 12 years ago on . Most recent reply
Evaluating Comps for Three Family in Brooklyn Near Sunset Park.
I am preparing to bid on a three family property in Brooklyn- Lefferts Garden. I don't have access to the mls nor does the agent. I used prop trend to determine the ARV and it gave 1.2 M. The agent gave me comps from property shark which yield an ARV of 1.5M. Should I use my own comps or that of the agent? Also how does one adjust the comps according to square feet? My subject property is larger 4,000 sqft than any of the comps used on property shark or prop trend. Is the general rule of thumb to get comps in nyc within quarter mile or a half mile? SOS!!!! I AM SO LOST.