Mighty Map News
New spatial information service offers competitive edge
Real Estate Weekly (February 9, 2005)
In today's fast-paced and ultra competitive world of commercial real estate, swift access to crucial information can make all the difference in securing the right tenant, winning that next assignment or making informed investment decisions.
Whatever your role in the world of commercial real estate, whether it be brokerage, finance, investment or development, access to information on both individual property and its surrounding neighborhood is vital to the decision-making process.
In a deal-driven industry such as real estate, productivity is everything. The more deals you can evaluate, the more you can make.
In over a decade as a real estate broker and investor, I was truly amazed at the inefficiency with which advancing technology has been applied to this process. For years I've been looking for a better way to organize vital information on New York City properties and neighborhoods.
While many services have emerged that are adept at listing individual property information and space availability, this information is just one part of the equation.
Geo-spatial data about the surrounding area is not taken into account. In addition to building descriptions and owner and tenant information, crucial information on such things as zoning, land use, traffic count and transportation access was previously available only through hours of individual research on city web sites and personal property tours that often result in a lot of aimless driving and notebooks filled with observations.
Realizing that there had to be a better way to organize this information instead of thumbing through notepads, researching and redrafting the same information for each individual deal, I started building a product around my personal experiences.
Using readily available desktop mapping applications, I discovered it was possible to create layers and layers of valuable information in one platform that could be of use to all sectors of the real estate industry, as well as a wide variety of other industry applications.
Over four years, these layers of information were assembled to easily create data sets in a variety of ways, from the individual parcel, street map, zip code or borough covering every building, lot and developable parcel in the city.
For the first time, current information on tax liens, auctions, foreclosure sales, zoning, traffic counts, land use, his pendens, building permits, tax values, comparables and a host of other property and neighborhood information was now available at one location. MightyMap.com was born!
With just a few clicks, for example, retail brokers can zero in on any neighborhood in the city, quickly identify the major commercial thoroughfares, analyze traffic count, select desirable locations and view current tenant information.
Residential brokers can check comparables, identify foreclosure sales and property auctions and find developable property in the most desirable neighborhoods throughout the five boroughs.
Commercial brokers can view detailed property descriptions, subway locations, tenant information and contact data for current property listings.
MightyMap.com combines the best of information available from a wide variety of sources into one, easy-to-use subscription service.
The more you know about real estate, the more you appreciate how Mighty Map breaks this data down into logical categories.
Supported by daily online training sessions and telephone support, Mighty Map has quickly become an invaluable tool for a growing number of real estate brokers, investors, appraisers, attorneys, architects and expediters.
As a commercial real estate broker and investor first and foremost, I developed Mighty Map as a simple, powerful and essential information tool for the real estate industry. Mighty Map serves your strategic interest in having a clear, concise, affordable source of complete spatial information at your fingertips.
Best of all, you can evaluate MightyMap for free. I believe that our well organized approach and rich data environment will make Mighty Map an essential tool for any serious real estate practitioner.
About Mighty Map:
Mighty Map is a powerful web based real estate application that allows professionals to view real estate properties in relation to their surroundings. It provides detailed information such as tax values, owner information, mortgages, permits, zoning, vehicle traffic and more.
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MightyMap is also a product related to these subjects:
Real estate mapping for New York City which utilizes GIS technology for the display of complete property information. Users can access information on any building, vacant lot, or area, and find out sales price, price per square foot, zoning, and more. Our software product utilizes advanced spatial data structures for cutting edge reporting on all major real estate data types. We feature interactive mapping and best in class property, building, vacant lot,
and sales data for any property in Manhattan, Brooklyn, Queens, Staten Island, the Bronx, and more.
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