New York real estate appraisers and property appraisals - Peter L. Zachary & Associates
6419 18th Avenue, 2nd floor
Brooklyn, NY 11204
Voice: (718) 232-1655
Fax:    (718) 259-6309

New York real estate appraisers you can rely on.

Peter L. Zachary & Associates, Inc. is a New York real estate appraisal firm founded in 1985 with the idea of providing clients with reliable service. Peter L. Zachary, MAI, MRICS is a Member of the Appraisal Institute and holds the MAI designation. He is also a member of the Royal Institute of Charter Surveyors and holds the MRICS designation. We perform real estate appraisals on commercial multi-family, industrial and residential properties in the five boroughs of New York: Manhattan, Brooklyn, Queens, Staten Island, Bronx, as well as Nassau, and Suffolk counties. The core of our firm is in our ethics, market research, analysis and attention to details. In addition, we employ plain common sense. All of our real estate appraisal reports are compliant with USPAP (Uniform Standards of Professional Appraisal Practice), as set forth by the Appraisal Foundation.

Our real estate appraisal firm has grown because our clients trust Peter L. Zachary, who has trained all of his real estate appraisers. They know that each and every real estate appraiser from our firm brings the best we have to offer to meet their specific needs. So, no matter what you need, we're the one source you can always rely on.

Location, location, location

We understand that location is a key element that must be considered by a good property appraiser. That's why we stick with the areas we know best including the five boroughs of New York - Manhattan, Brooklyn, Queens, Staten Island, Bronx and the outlying Nassau and Suffolk areas.

Each Peter L. Zachary & Associates property appraiser has performed property appraisals in active neighborhoods such as Park Slope, Williamsburg and Long Island City. We have written many appraisals of new residential developments in these New York neighborhoods. We have written multiple appraisals in the same neighborhoods and we have even appraised the same building several times.

Residential and commercial experience you can trust.

Our New York residential home appraisal group has worked on projects with 1-4 family houses, coops, condos and townhouses in Manhattan, Brooklyn, Queens, Staten Island, Bronx, Nassau and Suffolk. We specialize in Manhattan Coops, Condos and Townhouses.

Our New York area clients are banking institutions, mortgage bankers, brokers, attorneys and individuals. We are an approved property appraisal group for such banks as Washington Mutual, Cross County Federal Savings, Maspeth Federal Savings, Flatbush Federal Savings, Woori America, and Nara Bank.

Our New York area commercial property appraisal group handles small New York mixed-use properties as well as large multi-tenanted commercial properties such as apartment buildings, retail buildings, industrial buildings and office buildings. We only employ state certified, licensed and Appraisal Institute designated staff. Our territories are the five boroughs of the area. We support such banks as Astoria Federal Savings, LibertyPointe Bank, Metropolitan National Bank, Park Avenue Bank, Sterling National Bank, Maspeth Federal Savings, City & Suburban Federal Savings Bank, Nara Bank and Woori America Bank.

Work with the best. Contact us today!


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Real Estate Market Commentary July 2010

In my April commentary I said that the Standard and Poors Case-Shiller Home Price Indicies indicated that housing prices have stabilized. However, on June 23rd, 2010 there was an article in the N.Y. Post which headlined "Housing Spike Feared" That article stated "The housing market may be on the verge of taking another plunge that could weaken the broader economic recovery. Sales of previously occupied homes dipped in May, even though buyers could receive government tax credits. And nearly a third of those sales were from foreclosures or other distressed properties. That means home prices could soon be heading down after stabilizing over the past year.

Last months sales fell 2.2 percent from the previous month to a seasonally adjusted annual rate of 5.66 million, the National Association of Realtors said. Analysts who had expected sales to rise expressed concern that the real estate market could tumble once the benefit of the federal tax incentives is gone entirely, starting next month. The report is a "worrisome sign for what will occur in July and thereafter when the effect of the tax credit is behind us" said Joshua Shapiro chief US economist at MFR Inc., an economic consulting firm in New York.


Continue reading the
Real Estate Commentary for July 2010.