Drawing on many years experience in a wide variety of real estate industry sectors, Mr. Levy and his colleagues can provide valuations of the most complex properties, particularly properties held in partial and/or fractional ownership interests. With the onset of real estate loan securities and the continuation of other multiple ownership patterns such as syndications, joint ventures and public and private partnerships, this specialty has grown increasingly important. Mr. Levy is a Member of the Appraisal Institute (MAI), a Fellow of the Royal Institution of Chartered Surveyors (FRICS), a member of the Counselors of Real Estate (CRE), and a New York State Certified General Real Estate Appraiser.
| Sampling of Realty Interests: |
Sampling of Property Types: |
Fee Simple Estates Leased Fees Leasehold Estates “Sandwich” Lease Positions Condominium Developments Cooperative Developments Transferable Development Rights Air Rights Rights of First Refusal Life Estates Remainder-Man Rights Mortgage & Equity Positions
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Office Buildings
Super Regional Shopping Centers
Regional Shopping Centers
Community Shopping Centers
Convenience Shopping Centers
Free Standing Retail Facilities
Apartment Buildings
Warehouses
Distribution Centers
Industrial Facilities
Special Purpose Properties
Vacant Land |
Below are a geographic and property type sampling of Mr. Levy’s valuation assignments:
One Park Avenue
Valuation of 905,000 square foot office building with ground floor retail in New York City.
Rockefeller Center Leased Fee
Land Valuation Research and Analysis of Rockefeller Center leased fee owned by
Columbia University at the time of this assignment.
Rockefeller Family & Associates Land Development
Feasibility and Valuation Assignment for Rockefeller Family & Associates on 4,000
acres of land in St. Croix and St. Thomas, U.S. Virgin Islands.
200 Varick Street
Valuation of 400,000 square foot loft-office building in New York City.
American Can Company Glass Plant
Valuation of 625,000 square foot American Can Company glass manufacturing plant in
Matawan, New Jersey.
Banco de Ponce Office Building
Valuation of 416,000 square foot bank headquarters office building in Hato Rey, Puerto
Rico.
Wachovia Building East
Valuation of this 270,000 square foot office building and 88,000 square foot of parking
space in a three sub-grade level parking component with credit tenants Wachovia Bank
and R. J. Reynolds Tobacco Company, Winston-Salem, North Carolina.
Leslie Company Industrial Facility
Valuation of proposed 176,000 square foot industrial facility in Parsippany, New Jersey.
4600 Duke Street
Valuation of a leasehold interest in this 444 unit high rise apartment development with
618 parking spaces including 148 in a parking deck structure located in Alexandria,
Virginia.
South Square Plaza
Market Trade Analysis and Valuation of this proposed 785,000 square foot regional
shopping center in Durham, North Carolina.
Rockaway Towne Mall
Market Trade Analysis and Valuation of this proposed 428,000 square foot Phase I
regional shopping center in Rockaway, New Jersey.
Alcan Aluminum Plant & Distribution Center
Valuation of proposed 248,000 square foot manufacturing and distribution facility with
ancillary office space, Cragwood Road & Engelhard Avenue, Woodbridge, New Jersey.
West State & South Hollow Streets
Valuation of proposed 196,000 square foot office building in Trenton, New Jersey.
Park 80 Plaza West, Phase I
Valuation of proposed 216,000 square foot office building in Saddle Brook, New Jersey.
Holiday Inn Leaseholds
Valuation of 150 room Holiday Inn-Central leasehold in Louisville, Kentucky and 161
room Holiday Inn-Northeast leasehold in Jefferson County, Kentucky.
Mullet Bay Beach Hotel
Valuation of apartment leasehold interests at Mullet Bay Beach Hotel, St. Maarten,
Netherlands Antilles.
Protestant Cay
Valuation of leasehold interest in Protestant Cay (an island) and the 115 room Hotel on
the Cay, St. Croix, US Virgin Islands.
Fractional Interest Problem
Advisor to a principal in a fractional interest controversy resulting in a successful
resolution involving a major New York City property.
Transferable Development Rights (TDRs)
Valuation of transferable development rights over a bank branch on Fifth Avenue,
New York City.
Valuation and Consulting Review
Extensive Experience in reviewing major valuation, feasibility, market and
Marketability reports prepared for Chemical Bank and The Chase Manhattan Bank. |