Valuing a multifamily home in Rockland County, New York
Looking to expand my real estate buys and entering Rockland County, NY. There is a 5 family building for sale. Actually, it's a four family building along with a detached unit on the same property. It's been listed for about 150 days. It's seems about 100k overpriced, however, the rents are pretty nice. However, the school/property taxes are significant. I did some searching on valuations on Prop. shark and other sites, but nothing gave me a good price comparison.
Any ideas on how to proceed?
Most Popular Reply
My experience was that if a property is on the market for that long and he's not willing to lower the price, then he's not really interested in selling. Just my 2 cents.
Good luck!