I Said $1,414,100 — The 196th Place Story

An investor bought a house in Fresh Meadows for $900,000. Then he came to me: his buyers were offering only $1.1 million. He asked me — how much can I sell the house for?

His buyers could see the lot was bigger — 60 by 100, where most lots are 40 by 100 — so they guessed: $200,000 more than he paid. Only a guess.

I don't guess. I ran Micro-Comps on three lots that had just sold nearby. They came out to $243, $231, and $232 a square foot. I put those numbers on his 6,000 square foot lot. My number: $1,414,100.

I told him: I can get you over $1.4 million. Then I showed the buyers my sheet. This is what it's worth. This is what you pay.

It closed that January for $1,410,000 — within $4,100 of my number. Their guess would have left $310,000 on the table.

Other agents tell you the value. I SHOW you the value.

If you are thinking about selling or buying a house in Queens, call David Yudell, Exit Realty First Choice, at 917-817-9701.