Frequently Asked Questions
Q: What areas do you service?
A:Our elite staff is comprised of state-certified appraisers with extensive experience performing commercial real estate appraisals in Manhattan, Brooklyn, Queens and the Bronx in New York City, and in Nassau County and Suffolk County on Long Island.
Q: Are you approved to provide me with an appraisal of a commercial property?
A:Yes. In order to perform an appraisal of commercial real estate in New York, a person must have a special license granted by the Department of State; they must hold a Certified General Real Estate Appraiser license - only an appraiser with this particular license is permitted to appraise commercial real estate. All of our appraisers possess a Certified General Real Estate Appraiser license.
Q: Are you an MAI?
A:Yes. Richard S. Levine is a MAI (MAI ID #12346) with more than 25 years of experience analyzing and valuing a variety of income-producing and investment properties located throughout Metropolitan New York. The MAI designation from the Appraisal Institute is the most highly regarded accreditation that a commercial real estate appraiser can achieve - it is the gold standard in the commercial appraisal industry.
Q: How long does the whole process take?
A:It depends. It could take as little as a few days or as much as a month or more. It depends on a number of factors; the type of property (or properties) to be appraised, the intended use of the appraisal, the scope of work and type of appraisal reporting format, as well as how quickly or slowly the appraiser is provided with requisite documentation such as rent rolls, etc.
Q: Will your appraisal report be acceptable for my particular purpose?
A:Yes. Prior to beginning the appraisal, you and your appraiser will discuss the details of your situation and address your particular needs in order to determine an appropriate appraisal reporting format. Our appraisal reports are relied upon by financial institutions, courts, government agencies, attorneys, accountants, and individual property owners / investors throughout the country.
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Nassau & Suffolk