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New Hyde Park is Located in Nassau County, New york , 25 minutes from New York City , population of 39,977, population density (people/mile) is 8,359 of which 19,258 are male and 20,719.
There are 13,361 households in New Hyde Park of which 4984 are household with children and 8,376 are with no children, alsdo there are 14,001 dwelling units in New Hyde Park. For more information go to best realty ny.

New hyde park real estate median home price is $530,000.00 , 58.96% have lived in their current home for more than 5 years, 7.73% annual residential turnover, 7.59% is the median years in new hyde park residence. 86.5 of all New hyde park homes are owner occupied, 8.9% are for renter and there is a 4.6% vacancy .For more information go to best realty ny.

New Hyde Park has 80.8% White collar worker and 19.2% blue collar working and the average household income for is $101,917.00For more information go to best realty ny.


DON'T FORGET, 1% CASH BACK TO OUR BUYERS, PLEASE VISIT WWW.BESTREALTYNY.COM/REMAX-REBATE.ASP
NEW HYDE PARK AMENITIES


| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 23957094 | 9200 | 9201 | New Hyde Park Auxiliary Police | 1420 Jericho Tpke |
(51... |
40.73336 | -73.6809 | Public Services | Police Departments | 0.82 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3057362 | 9200 | 9202 | Garden City Park Fire Department | 333 Marcus Ave |
(51... |
40.7505 | -73.67288 | Public Services | Fire Departments | 0.56 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27199270 | 9200 | 9205 | Hillside Public Library | 155 Lakeville Rd |
(51... |
40.73431 | -73.68804 | Public Services | Public Libraries | 0.84 Mi |
| 4890517 | 9200 | 9205 | Great Neck Library | 10 Campbell St |
(51... |
40.74915 | -73.69633 | Public Services | Public Libraries | 0.84 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27134980 | 9200 | 9206 | Long Island Jewish Medical Center | Schneider Children's Hosptia Ave |
(51... |
40.7441 | -73.6806 | Public Services | Hospitals | 0.08 Mi |
| 27134982 | 9200 | 9206 | Long Island Jewish Medical Center | Long Island Jewish Hospital Ave |
(51... |
40.7441 | -73.6806 | Public Services | Hospitals | 0.08 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6704078 | 9200 | 9207 | L I Women's Health Care | 1575 Hillside Ave |
(51... |
40.74793 | -73.68586 | Public Services | Clinics | 0.31 Mi |
| 12248906 | 9200 | 9207 | Global Merchant Systems Inc | 6 Tuxedo Ave |
|
40.75028 | -73.67191 | Public Services | Clinics | 0.59 Mi |
| 7651706 | 9200 | 9207 | Integrated Health Care Solutions Group Inc | 1546 Union Tpke |
|
40.75475 | -73.68781 | Public Services | Clinics | 0.75 Mi |
| 17667089 | 9200 | 9207 | Norbury Kathleen | 2 Ohio Dr |
(51... |
40.75652 | -73.69022 | Public Services | Clinics | 0.92 Mi |
| 5789994 | 9200 | 9207 | Atc Healthcare | 1983 Marcus Ave |
(51... |
40.75667 | -73.69065 | Public Services | Clinics | 0.94 Mi |
| 27218545 | 9200 | 9207 | Healthcare Unique | 800 Jericho Tpke |
(51... |
40.73202 | -73.68707 | Public Services | Clinics | 0.96 Mi |
| 23718921 | 9200 | 9207 | Professional Medical Adm | 1999 Marcus Ave |
|
40.75698 | -73.69159 | Public Services | Clinics | 0.98 Mi |
| 24949705 | 9200 | 9207 | Horizing Healthcare Staffing | 2001 Marcus Ave |
(51... |
40.75702 | -73.6917 | Public Services | Clinics | 0.99 Mi |
| 25222504 | 9200 | 9207 | Horizon Health Care Staffing | 2001 Marcus Ave |
(51... |
40.75702 | -73.6917 | Public Services | Clinics | 0.99 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27540903 | 9200 | 9209 | Dime Savings Bank of Williamsburgh | 253 15 Union Tpke |
(71... |
40.7442 | -73.6806 | Public Services | Savings & Loan Associations | 0.07 Mi |
| 5783271 | 9200 | 9209 | Dime Savings Bank of Wilhamsburgh | 25315 Union Tpke |
(71... |
40.7441 | -73.6806 | Public Services | Savings & Loan Associations | 0.08 Mi |
| 19241509 | 9200 | 9209 | Flushing Savings Bank | 1979 Marcus Ave |
(51... |
40.75651 | -73.69016 | Public Services | Savings & Loan Associations | 0.91 Mi |
| 1885353 | 9200 | 9209 | Maspeth Federal Savings | 801 Jericho Tpke |
(51... |
40.73247 | -73.68627 | Public Services | Savings & Loan Associations | 0.92 Mi |
| 5816620 | 9200 | 9209 | Washington Mutual Bank | 350 Hillside Ave |
(51... |
40.74055 | -73.69778 | Public Services | Savings & Loan Associations | 0.93 Mi |
| 14088397 | 9200 | 9209 | Greenpoint Bank | 1981 Marcus Ave |
(80... |
40.75663 | -73.69054 | Public Services | Savings & Loan Associations | 0.93 Mi |
| 23384179 | 9200 | 9209 | Greenpoint Bank Nassau Offices | 1981 Marcus Ave |
(80... |
40.75663 | -73.69054 | Public Services | Savings & Loan Associations | 0.93 Mi |
| 11313790 | 9200 | 9209 | Astoria Federal Savings | 2000 Marcus Ave |
(51... |
40.75677 | -73.69006 | Public Services | Savings & Loan Associations | 0.93 Mi |
| 8557585 | 9200 | 9209 | Roslyn Savings Bank | 1280 Union Tpke |
(51... |
40.7537 | -73.69615 | Public Services | Savings & Loan Associations | 0.98 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17667071 | 9200 | 9210 | Moneymaker Atms |
(51... |
40.7441 | -73.6806 | Public Services | State Commercial Banks | 0.08 Mi | |
| 23071367 | 9200 | 9210 | Eab Branches | 1524 Union Turnpike At Lake Succe Ctr |
(51... |
40.7441 | -73.6806 | Public Services | State Commercial Banks | 0.08 Mi |
| 17667070 | 9200 | 9210 | North Fork Bank | 2055 Hillside Ave |
(51... |
40.75156 | -73.67414 | Public Services | State Commercial Banks | 0.56 Mi |
| 16427906 | 9200 | 9210 | Flushing Savings Bank | 661 Hillside Ave |
(51... |
40.74255 | -73.69486 | Public Services | State Commercial Banks | 0.75 Mi |
| 7678838 | 9200 | 9210 | Citibank | 1524 Union Tpke |
(51... |
40.75425 | -73.69115 | Public Services | State Commercial Banks | 0.82 Mi |
| 6727752 | 9200 | 9210 | Roslyn Savings Bank | 2335 New Hyde Park Rd |
(51... |
40.75603 | -73.68827 | Public Services | State Commercial Banks | 0.84 Mi |
| 26259215 | 9200 | 9210 | Roslyn Savings Bank | 1114 Jericho Turnpike |
(51... |
40.73262 | -73.68378 | Public Services | State Commercial Banks | 0.88 Mi |
| 20883259 | 9200 | 9210 | State Bank of Long Island | 699 Hillside Ave |
(51... |
40.75241 | -73.66691 | Public Services | State Commercial Banks | 0.89 Mi |
| 11345299 | 9200 | 9210 | Bank of New York | 1636 Marcus Ave |
(51... |
40.75649 | -73.68937 | Public Services | State Commercial Banks | 0.89 Mi |
| 21654080 | 9200 | 9210 | North Fork Bank | 1981 Marcus Ave |
(71... |
40.75663 | -73.69054 | Public Services | State Commercial Banks | 0.93 Mi |
| 23387348 | 9200 | 9210 | Greenpoint Bank | 1981 Marcus Ave |
(51... |
40.75663 | -73.69054 | Public Services | State Commercial Banks | 0.93 Mi |
| 24716642 | 9200 | 9210 | Chase | 2000 Marcus Ave |
(91... |
40.75677 | -73.69006 | Public Services | State Commercial Banks | 0.93 Mi |
| 5812941 | 9200 | 9210 | Commerce America Banking Center | 2001 Marcus Ave |
(51... |
40.75663 | -73.69054 | Public Services | State Commercial Banks | 0.93 Mi |
| 17667100 | 9200 | 9210 | North Fork Bank | 1999 Marcus Ave |
(51... |
40.75698 | -73.69157 | Public Services | State Commercial Banks | 0.98 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 20022012 | 9400 | 9401 | Seventh Day Adventist Church | 85 L I Exprswy |
(51... |
40.7441 | -73.6806 | Places of Worship | Churches | 0.08 Mi |
| 25885470 | 9400 | 9401 | Notre Dame R C Church | Mayfair Rd |
(51... |
40.7441 | -73.6806 | Places of Worship | Churches | 0.08 Mi |
| 1813685 | 9400 | 9401 | New Hyde Park Baptist Church | 635 New Hyde Park Rd |
(51... |
40.73795 | -73.68179 | Places of Worship | Churches | 0.50 Mi |
| 1799788 | 9400 | 9401 | Rapp Victor J | 9 Durham Rd |
(51... |
40.75159 | -73.68583 | Places of Worship | Churches | 0.51 Mi |
| 12249393 | 9400 | 9401 | Gloria Dei Lutheran Church | 600 New Hyde Park Rd |
(51... |
40.73788 | -73.68138 | Places of Worship | Churches | 0.51 Mi |
| 12258967 | 9400 | 9401 | Botkin Charles | 220 Kamda Blvd |
(51... |
40.74136 | -73.69077 | Places of Worship | Churches | 0.56 Mi |
| 11357080 | 9400 | 9401 | Long Island Korean Catholic Church | 302 Hillside Dr S |
(51... |
40.75162 | -73.67038 | Places of Worship | Churches | 0.71 Mi |
| 5835004 | 9400 | 9401 | Community Congregational Church | 1045 Lakeville Rd |
|
40.74554 | -73.69592 | Places of Worship | Churches | 0.78 Mi |
| 12273028 | 9400 | 9401 | Christ Lutheran Church | 300 Hillside Dr S |
(51... |
40.74556 | -73.69589 | Places of Worship | Churches | 0.78 Mi |
| 13167868 | 9400 | 9401 | New Hope Community Church | 2 Herkomer St |
|
40.73336 | -73.68125 | Places of Worship | Churches | 0.82 Mi |
| 1780969 | 9400 | 9401 | Makaryus Antonios Father | 566 N 6th St |
(51... |
40.73567 | -73.69049 | Places of Worship | Churches | 0.82 Mi |
| 8572701 | 9400 | 9401 | Elliott Phillip | 5 Ingraham Ln |
(51... |
40.73311 | -73.68353 | Places of Worship | Churches | 0.85 Mi |
| 7641291 | 9400 | 9401 | Bethany Bible Church | 14 Millers Ln |
(51... |
40.73283 | -73.68257 | Places of Worship | Churches | 0.86 Mi |
| 14129965 | 9400 | 9401 | Hillside Islamic Center | 300 Hillside Ave |
(51... |
40.74038 | -73.69804 | Places of Worship | Churches | 0.95 Mi |
| 1744337 | 9400 | 9401 | Hillside United Methodist Church | 2801 Hillside Ave |
(51... |
40.75251 | -73.66515 | Places of Worship | Churches | 0.97 Mi |
| 11313477 | 9400 | 9401 | First Presby Church of NW Hyd Pk | 16 S 9th St |
(51... |
40.73163 | -73.68596 | Places of Worship | Churches | 0.97 Mi |
| 27096372 | 9400 | 9401 | Fellowship Ch | 2801 Hillside Ave |
(51... |
40.7526 | -73.6652 | Places of Worship | Churches | 0.97 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11336801 | 9400 | 9403 | Young Israel of NW Hyd Pk | 264 15 77th Ave |
(71... |
40.7441 | -73.6806 | Places of Worship | Synagogues | 0.08 Mi |
| 8563159 | 9400 | 9403 | Garden City Jewish Center | 168 Nassau Blvd |
|
40.7438 | -73.66502 | Places of Worship | Synagogues | 0.84 Mi |
| 13158651 | 9400 | 9403 | New Hyde Park Jewish Cntr | 100 Lakeville Rd |
|
40.73384 | -73.68735 | Places of Worship | Synagogues | 0.85 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5797135 | 9500 | 9501 | Spring Rock Golf Center | 377 Denton Ave |
(51... |
40.75125 | -73.6734 | Recreation and Leisure | Public Golf Courses | 0.57 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27314547 | 9500 | 9502 | Xport Fitness | 63 Bretton Rd |
(51... |
40.74652 | -73.66982 | Recreation and Leisure | Health Clubs & Gymnasiums | 0.59 Mi |
| 7681454 | 9500 | 9502 | la Fitness Sports Clubs | 1111 Marcus Ave |
(51... |
40.75588 | -73.68872 | Recreation and Leisure | Health Clubs & Gymnasiums | 0.84 Mi |
| 10410421 | 9500 | 9502 | Personal Training Institute of New Hyde Park | 1600 Marcus Ave |
(51... |
40.75646 | -73.68931 | Recreation and Leisure | Health Clubs & Gymnasiums | 0.89 Mi |
| 3041272 | 9500 | 9502 | la Weight Loss | 909 Hillside Ave |
(51... |
40.75266 | -73.6648 | Recreation and Leisure | Health Clubs & Gymnasiums | 0.99 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 9543481 | 9600 | 9601 | Angoletto Cafe | 1598 Hillside Ave |
(51... |
40.7479 | -73.68533 | Food and Drink | Cafes | 0.28 Mi |
| 5801415 | 9600 | 9601 | Starbucks Coffee | 1596 Union Tpke |
(71... |
40.75456 | -73.68865 | Food and Drink | Cafes | 0.76 Mi |
| 7653070 | 9600 | 9601 | Port Cafe | 2132 Jericho Tpke |
(51... |
40.73776 | -73.66954 | Food and Drink | Cafes | 0.79 Mi |
| 9480430 | 9600 | 9601 | Starbucks Coffee | 1441 Jericho Tpke |
(51... |
40.73366 | -73.68083 | Food and Drink | Cafes | 0.80 Mi |
| 12234540 | 9600 | 9601 | Hyde Pk Coffee Shop | 1620 Marcus Ave |
(51... |
40.75648 | -73.68934 | Food and Drink | Cafes | 0.89 Mi |
| 13179393 | 9600 | 9601 | J & S II Cafe Inc | 1983 Marcus Ave |
(51... |
40.75663 | -73.69054 | Food and Drink | Cafes | 0.93 Mi |
| 27402106 | 9600 | 9601 | Au Bon Pain | 1981 Marcus Ave |
(51... |
40.75663 | -73.69054 | Food and Drink | Cafes | 0.93 Mi |
| 9475993 | 9600 | 9601 | Garden Cafe | 2001 Marcus Ave |
(51... |
40.75702 | -73.6917 | Food and Drink | Cafes | 0.99 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10415678 | 9600 | 9602 | Mickey Finns | 1574 Hillside Ave |
(51... |
40.74781 | -73.68572 | Food and Drink | Bars | 0.30 Mi |
| 10439976 | 9600 | 9602 | Darlings Cocktail Lounge | 721 Hillside Ave |
(51... |
40.74287 | -73.69432 | Food and Drink | Bars | 0.71 Mi |
| 22824982 | 9600 | 9602 | Dublin | 2002 Jericho Tpke |
(51... |
40.73556 | -73.67405 | Food and Drink | Bars | 0.76 Mi |
| 1903970 | 9600 | 9602 | McMahons Pub | 1217 Jericho Tpke |
(51... |
40.73307 | -73.68357 | Food and Drink | Bars | 0.85 Mi |
| 11328826 | 9600 | 9602 | la Bamba Sports Bar | 2212 Jericho Tpke |
(51... |
40.73906 | -73.66685 | Food and Drink | Bars | 0.86 Mi |
| category_id | sub_category_id | name | address | phone | latitude | longitude | category_name | sub_category_name | distance | |
|---|---|---|---|---|---|---|---|---|---|---|
| 27149821 | 9600 | 9603 | Skyline Diner | 1528 Common St |
(71... |
40.7441 | -73.6806 | Food and Drink | Restaurants | 0.08 Mi |
| 10455032 | 9600 | 9603 | Lees Teriyaki | Sangertown Mall |
(31... |
40.74301 | -73.68101 | Food and Drink | Restaurants | 0.15 Mi |
| 27486335 | 9600 | 9603 | Applebees Neighborhood Grill & Bar | 43 William St |
(51... |
40.74371 | -73.68507 | Food and Drink | Restaurants | 0.23 Mi |
| 21605920 | 9600 | 9603 | Afghan Grill | 1629 Hillside Ave |
(51... |
40.74843 | -73.68488 | Food and Drink | Restaurants | 0.30 Mi |
| 7642052 | 9600 | 9603 | Fianona Restaurant | 1635 Hillside Ave |
(51... |
40.74893 | -73.68433 | Food and Drink | Restaurants | 0.31 Mi |
| 3959751 | 9600 | 9603 | Afghan Grill | 1629 Hillside Ave |
(51... |
40.74882 | -73.68449 | Food and Drink | Restaurants | 0.31 Mi |
| 3017798 | 9600 | 9603 | Eddies Pizza | 2048 Hillside Ave |
(51... |
40.75129 | -73.67472 | Food and Drink | Restaurants | 0.53 Mi |
| 1901755 | 9600 | 9603 | Lavera Pizza | 2085 Hillside Ave |
(51... |
40.7516 | -73.67371 | Food and Drink | Restaurants | 0.57 Mi |
| 8586389 | 9600 | 9603 | Mr Sushi Inc | 377 Denton Ave |
(51... |
40.75125 | -73.6734 | Food and Drink | Restaurants | 0.57 Mi |
| 11333082 | 9600 | 9603 | Boston Market | 2091 Hillside Ave |
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40.75161 | -73.67361 | Food and Drink | Restaurants | 0.59 Mi |
| 11322634 | 9600 | 9603 | Harbor Seafood | 969 Lakeville Rd |
(51... |
40.73999 | -73.69148 | Food and Drink | Restaurants | 0.65 Mi |
| 6739866 | 9600 | 9603 | King Wok Chinese Kitchen | 771 Hillside Ave |
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40.74311 | -73.69392 | Food and Drink | Restaurants | 0.69 Mi |
| 8585990 | 9600 | 9603 | Omega Diner Restaurant | 1809 Lakeville Rd |
(51... |
40.74419 | -73.69481 | Food and Drink | Restaurants | 0.72 Mi |
| 3068486 | 9600 | 9603 | Applebees Neighborhood Grill & Bar | 1985 Jericho Tpke |
(51... |
40.73537 | -73.67508 | Food and Drink | Restaurants | 0.75 Mi |
| 1860682 | 9600 | 9603 | Barringtons Restaurant and Bar | 1902 Jericho Tpke |
(51... |
40.73476 | -73.67564 | Food and Drink | Restaurants | 0.78 Mi |
| 7663138 | 9600 | 9603 | Kisso Japanese Restaurant | 1532 Union Tpke |
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40.75428 | -73.69088 | Food and Drink | Restaurants | 0.81 Mi |
| 3970385 | 9600 | 9603 | Fratelli Lavarone | 1536 Union Tpke |
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40.7543 | -73.69074 | Food and Drink | Restaurants | 0.81 Mi |
| 3950241 | 9600 | 9603 | O Continental Bar & Restaurant | 2224 Jericho Tpke |
(51... |
40.7391 | -73.66676 | Food and Drink | Restaurants | 0.86 Mi |
| 16330235 | 9600 | 9603 | Dom Jose Restaurant | 2224 Jericho Tpke |
(51... |
40.7391 | -73.66676 | Food and Drink | Restaurants | 0.86 Mi |
| 1863801 | 9600 | 9603 | Baja Fresh Mexican Grill | 1468 Union Tpke |
(51... |
40.75396 | -73.69308 | Food and Drink | Restaurants | 0.87 Mi |
| 15279623 | 9600 | 9603 | Ginos Pizzeria & Restaurant | 1113 Jericho Tpke |
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40.73272 | -73.68471 | Food and Drink | Restaurants | 0.88 Mi |
| 3019208 | 9600 | 9603 | Gigis Pizzeria | 673 Hillside Ave |
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40.7524 | -73.66705 | Food and Drink | Restaurants | 0.88 Mi |
| 3966068 | 9600 | 9603 | Win Hou Chinese Restaurant | 1612 Marcus Ave |
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40.75647 | -73.68932 | Food and Drink | Restaurants | 0.89 Mi |
| 1912365 | 9600 | 9603 | Papa Ciros Pizza & Pasta | 1624 Marcus Ave |
(51... |
40.75648 | -73.68935 | Food and Drink | Restaurants | 0.89 Mi |
| 9490455 | 9600 | 9603 | Domino's Pizza | 1017 Jericho Tpke |
(51... |
40.73267 | -73.68534 | Food and Drink | Restaurants | 0.89 Mi |
| 13199236 | 9600 | 9603 | Ninas Pizza Pasta | 725 Hillside Ave |
(51... |
40.75247 | -73.66644 | Food and Drink | Restaurants | 0.91 Mi |
| 17674792 | 9600 | 9603 | New York Ravioli & Pasta Co | 12 Denton Ave S |
(51... |
40.73394 | -73.67099 | Food and Drink | Restaurants | 0.94 Mi |
| 27316194 | 9600 | 9603 | Win Hou Chinese Restaurant | 8 S 8th St |
(51... |
40.73151 | -73.68697 | Food and Drink | Restaurants | 1.00 Mi |
| 12234899 | 9600 | 9603 | Pizza Hut | 200 Hillside Ave |
|
40.73986 | -73.69881 | Food and Drink | Restaurants | 1.00 Mi |
| 21820932 | 9600 | 9603 | Maderian Restaurant | 2311 Jericho Tpke |
(51... |
40.74121 | -73.66277 | Food and Drink | Restaurants | 1.00 Mi |
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As we all know fannie and freddy are one the biggest companies in the US.
The hold 6 TRILLION DOLLARS, YES THAT NUMBER IS CORRECT according to www.realtor.org .
half of the nation mortgage paper is owned by them!!!!!! and if the government takes over that will mean that the stock value of those companies for the stockholders will be basically wipe out!!!!!
BUT ON MY OPINION if that happens I think that we might get a good rally on interest rate drop because even tough the 10 year treasury note (tnx) has gone down , the spread is over 130% and the interest rates haven't drop as it should.
but when our government starts with the bailout. I would think that it will help us as Real Estate Professional in New york, Long island, California, Everywhere. because if interest rates drop even more and with the decline in home prices , we might see a better real estate market , or better activity report than expected!!!!!'
please let's hear everyone opinion.
Sincerely Remax Imperial
Long island Real estate company!!!!!!
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For the judicial states where foreclosures take place, shortsale is the best way to save money to the bank as well to the real estate professionals (Realtor).
On the bank or lenders point of view they don't have to wait one year or more just to able to get to the auction date where 90% of the time that you go an real estate auction in Nassau, Queens or Brooklyn the bank has to take the property back because the LTV (loan to value) is so high that no real estate investor will buy it.( foreclosure attorney)
After that bank gets the property back at the auction , they have to do an eviction procedure(more attorneys) , and this could take 6 month or more!!!
and we are not done yet!!!!!!
the bank after they do the eviction, they have to do the clean up!!!!
And finally is ready to sell with the expertise of an REO BROKER!!!
NOW, IS TIME TO DO THE MATH

EXAMPLE:
INTEREST RATE: 7.5%
ORIGINAL MORTGAGE AMOUNT : $400,000.00
2 YEARS FOR THE BANK TO GET THE PROPERTY BACK $ 67,200.00
Foreclosure Atty $ 8,000.00
Eviction + Clean up to be ready to sell(nyc)8 months mortgage pmt $ 22,400.00
Eviction Atty + Clean up cost $ 6,400.00
3 year of real estate taxes $ 18,000.00
3 year of Force Home Owner Insurance $ 12,,000.00
TOTAL COST for the before it goes an Experience REO BROKER $134,000.00
400,000.00- 134,000.00 $266,000.00
ASSUMING THAT THE BANK SELLS IT AT $400,000.00 , BUT We know that is not true.
WE ARE NOT DONE YET!!!!!!!!!!
now let's talk about Depreciation : 0.5 % per month
36 months (assuming that the original value was 400k) $ 64,365.00
$266,000.00 -64,365.00 = $201,635.00
49% LOST TO THE BANK.
OR TO DO A SHORT SALE
U BE THE JUDGE!!!!!!
Any questions, please don't hesitate to call the Experts at Remax Imperial located in New Hyde Park NY.
LONG ISLAND HOMES FOR SALES!!!!!
www.remax-imperial-ny.com
516-355-9000
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