Erik Wind, GeoData PlusMelville, NY The New York Real Estate Journal recently held a question and answer session with Erik Wind, president of GeoData Plus.
Q: What is GeoData Plus?
A: GeoData Plus is an online real estate data provider for New York and New Jersey. The company has been in business since 2000 with over 6,000 real estate practitioners using the service on a regular basis.
Q: Who uses GeoData?
A: Our customers consist of commercial and residential real estate brokers, appraisers, lenders, and investors. Essentially, anyone who needs access to the type of property data we have.
Q: What kind of information do you have?
A: If you have a GeoData account you can look up any property that exists in the states of New York or New Jersey and find out who owns it, photos of the building, a floor plan, details on the building and lot, taxes, zoning, flood zone, telephone numbers listed, what it sold for, if it’s listed for sale or for rent, any mortgages on the property, if it’s in foreclosure, the noise level, income sheets on commercial properties, and even get comparables.
Q: You said any property that exists – meaning, if it’s listed or sold recently?
A: No. If it exists, we have it in our database. It doesn’t matter if it’s ever been sold, ever listed, or not. We have data on every property in those two states.
Q: Where does all of this information come from?
A: It’s a blend of public record, listings, and proprietary data sources that we’ve put together into one easy to use web site.
Q: Is it really “easy to use?”
A: Of course I’m going to say yes it is. But it really is easy to use. We’ve made it so that you can get around to whatever piece of information you need in just a few clicks. As far as usability, GeoData can be used on your computer, tablet, or even your phone.
Q: How do you use GeoData to get comparables?
A: Getting comps is one of the biggest reasons why people use GeoData. In fact, if you look at an appraisal performed in New York, chances are one of the sources cited by the appraiser is GeoData. You can find both sold and listed comps in GeoData, with a comprehensive search tool that allows you to find comps by distance, date of transaction, property attributes such as classification, square footage, and age. You can even draw a map on the screen to specifically define the area where you want your comps to be.
Q: You mentioned commercial properties, what information do you have on them?
A: Using Nassau County as an example, there are over 35,000 commercial properties in Nassau County; that’s over 250 million s/f. We have a full workup on just about every one of these properties which includes s/f per floor and an income sheet that includes the building’s rental income and expenses. If you’ve ever tried to find the zoning code for a property in Nassau, you normally you need to go to individual town, village, or city to get that information. We compiled all of these individual zoning maps into one county-wide zoning map. With a single click you can find the zoning on any property. Not even Nassau County has a map like this.
Q: How can someone try GeoData?
A: Interested parties can sign up at our web site, www.GeoDataPlus.com. There’s a 30-day money back guarantee, so the best thing you can do is try it and see for yourself how helpful it is. You can also call us at 516-663-0790 for more information, and even get a demonstration.
Sign up is quick, easy, & FREE.