Tessera Properties

Tessera Properties: Your Partner In Luxury Real Estate

How To Pick The Right NYC Suburb

- BY Tessera Properties 1/13/2020

Buying or selling luxury real estate is an emotionally charged transaction, from the thrill of the hunt to the anticipation of an accepted offer and the delight of a done deal. However, the ultimate result relies on your ability to choose the right real estate agent. One who understands the market, can attract qualified buyers, and steer you in the right direction.

Tessera Properties is a joint venture between Greg Todora and Justin Petraglia—a premier real estate partnership specialized in selling, buying and renting prestigious property across New York City, The Hamptons, Westchester, and Connecticut.

With a wealth of experience in all four markets and an extensive network of buyers, investors, and developers, the Tessera Properties team is uniquely positioned to serve discerning clientele in the upper tier.

However, we’re not the only seasoned professionals prepared to sell your property or secure the keys to your dream home. So, what distinguishes our brand from your local broker?

Client-Driven Approach

Our award-winning brand has been built on client relationships. We take pride in delivering an unparalleled level of care and personalized approach, which focuses firmly on you and the results you desire. It’s this client-centered mindset that ensures every decision is made with your best interests at heart. By listening to your needs and understanding your real estate goals, we deliver a tailored service that exceeds your expectations and places you in a position of strength when buying or selling.

Take a recent property we sold for a client in Bronxville, New York, for example. The property was initially advertised by a “local broker” who had mismanaged it for over two years–resulting in a blown-out marketing budget and a stale listing. It was clear that buyers weren’t giving the property a second glance. Understanding our client’s frustration, we were able to quickly pinpoint key problems with the original listing (e.g. insanely overpriced and didn’t address the fact that the property backed onto a busy road). We were then able to develop a customized marketing strategy that resulted in a quick and profitable sale.

Efficient and Streamlined Process

Real estate can be complicated and confusing, even for the more experienced. Trying to navigate the market on your own can lead to costly mistakes when trying to sell, such as delayed contracts, withdrawn offers, or a surveyor that unexpectedly spoils a deal. It can also mean missed opportunities when looking to buy due to a lack of understanding regarding the required paperwork. Every minute counts when your listing is active, and a good real estate agent will be with you every step of the way, guiding your decisions and ensuring everything runs smoothly.

With decades of experience selling everything from luxury beach homes in The Hamptons to high-end condominiums in New York City, we’re well-positioned to guide you through the real estate landscape. We provide all clients with a detailed flowchart that outlines the entire process from start to finish.

It’s this type of guidance and expertise that can make all the difference. For instance, we recently represented a buyer searching for their dream home. The client contacted us with all the paperwork ready (as listed in our flowchart), which meant that we were able to move quickly and efficiently when the right opportunity arose. Our client’s dream home came on the market Friday evening, and we were able to organize a viewing for them the very next day. As our client had all paperwork prepared, we were able to place an offer on Monday night (accepted on Tuesday), and have all the contracts signed by Friday–exactly one week after the property came on the market! It’s worth mentioning that our buyer wasn’t even the highest bid, although we were able to negotiate the right terms and close for a quick sale.

Expertise Across Multiple Markets

Having a team that operates across multiple markets is an evident advantage for our clients. It enables us to create a broader business platform and simplify the entire process. Our core markets consist of New York City, The Hamptons, Westchester, and Connecticut.

For buyers, this means we can find and vet unique opportunities across our core markets according to your specific criteria. Whether you’re after an investment property, one-of-a-kind trophy home, or looking to subdivide and develop, you only have to make one call. We can manage the entire process from start to finish, as we’ve done for many of our clients in the past.

With a growing network of over 27,000 contacts (attorneys, mortgage brokers, appraisers, contractors, interior designers, etc.), we have the resources and local experience to deliver results. Below is an overview of our core markets and why we're your trusted real estate experts.

New York City

No other place in the world compares to New York City–a thriving metropolis with fine dining, arts, and entertainment around every corner. Featuring luxury condos, co-ops, spacious brownstones, and edgy lofts, Manhattan real estate is always a hot market.

We’ve been able to deliver results for our clients across some of the most sought after neighborhoods in New York City. For example, we’ve sold coop/condos in Greenwich Village all the way through to luxury properties upwards of $5 million in Chelsea. Our average listing sits on the market for only 27 days (well below the market average of 117 days) and we’ve been able to achieve a 98% list to sales price ratio with a median sales price of $1.75 million.

The Hamptons

With the enduring coastal appeal, owning a beachfront home in the high-flying Hamptons is the dream for every affluent New Yorker. The classic summer destination is distinguished by long stretches of beach, charming seaside villages, and an interior filled with manicured vineyards and world-class golf courses.

With a median sales price of $1.23 million, a 98% list to sales price ratio, and properties on the market for only 24 days on average (DOM), we are well-positioned to meet your unique goals. For instance, we recently worked with a client on a new build in Montauk, managing the entire process from breaking ground through to signing the Certificate of Occupancy.

Westchester

A stone's throw from New York City, Westchester County is a leafy, calm, and quiet suburb with a strong sense of community. Characterized by verdant rolling hills, mid-century modern mansions, and historic Victorian homes, Westchester is becoming a popular place for long-time city dwellers.

We’ve handled transactions in Bronxville, Eastchester, and Larchmont, to name a few. With a median sales price of $1.27 million, we’ve been able to maintain a 98% list to sales price ratio with properties sitting on the market for only 30 days (DOM). For one client, we were able to sell within 1% of asking price, with their home under contract in only one week (closed in 30 days).

Connecticut

Connecticut is one of America’s most charming states and home to some of the most expensive properties in the country. With a rustic mix of rural villages and coastal towns, Connecticut has the best of both worlds.

We’ve been lucky enough to represent both buyers and sellers from Old Greenwich to Westport, Fairfield County, and beyond. With a 97% list to sales price ratio and our average home sitting on the market for only 29 days (DOM), we’ve established ourselves as a high-performing real estate team across the state.

Contact Tessera Properties Today

Are you looking to buy or sell in New York City, The Hamptons, Westchester or Connecticut? With extensive knowledge across our core markets, strong leadership, and a client-centered approach, we’re well-positioned to achieve all of your real estate goals.

Simplify the process and contact the Tessera Properties team today.