MacCrate Associates is a real estate valuation and financial consulting firm serving the New York Metropolitan Area, including the five boroughs of New York City, Long Island, Westchester, Northern New Jersey, and Southern Connecticut. We follow the longstanding tradition of excellence in real estate brokerage, valuation and financial consulting of our predecessor entities, MacCrate Realty Ltd. and MacCrate Associates Inc. In addition, our associates bring years of valuation and consulting experience, serving such companies as European American Bank, Price Waterhouse and PricewaterhouseCoopers, Nassau County Board of Assessors and the Nassau County Assessment Review Commission.
Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:A: Licensed real estate appraiser
B.S. Cornell Univeristy
M.B.A. Long Island Univeristy, C.W. Post Center
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: MAI Designation, Appraisal Institute
SRA Designation, Appraisal Institute
CRE Designation, The Counselors of Real Estate
ASA Designation, American Society of Appraisers
New York State Association of Real Estate Appraisers
Real Estate Counseling Group of America, Inc.
The Real Estate Board of New York, Inc.
Columbia Society of Appraisers
The International Association of Assessing Officers
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Developed real estate valuation and loan seminars for major financial institutions setting forth procedures, methodologies and other information that was critical to real estate appraisers, asset managers, loan officers and other bank and portfolio personnel. The seminars included an overview of the regulatory environment, credit policies, economic theory, money and capital markets, market analysis, risk factors,
the appraisal process, rates and reasonableness, and the strengths and weaknesses of the each approach to value and their interrelationship. Clients included Marine Midland Bank, Copley Real Estate Advisors,and First Florida Bank.
Member of the National Faculty of the Appraisal Institute since 1977. Qualified instructor for Valuation Principles, Procedures, Basic and Advanced Capitalization Techniques, Case Studies, and Advanced Cost Approach and Sales Comparison Approach Techniques. Associate Faculty for Highest and Best Use & Market Analysis.
Developed and taught proprietary seminars for local chapters of the Appraisal Institute on various topics including statistical analysis for real estate practitioners, real estate & the Internet, automated valuation models, land valuation & purchase price decisions.
Q: On how many occasions have you been retained as an expert?
A: I do not keep any records at all.
Q: For what area(s) of expertise have you been retained as an expert?
A: Real Estate Valuation
Q: In what percentage of your cases were you retained by the plaintiff?
A: It does not matter as an expert.
Q: In what percentage of your cases were you retained by the defendant?
A: It does not matter as an expert.
Q: On how many occasions have you had your deposition taken?
A: I do not keep a record.
Q: When was the last time you had your deposition taken?
A: Probably 2000 or 2001.
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: More than twenty, but I do not keep any records.
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: I do not keep a record.
Q: For how many years have you worked with the legal industry as an expert?
A: For more than twenty-five years.
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Consulting, valuation, site inspections, appraisal reviews.
Q: What is your hourly rate to consult with an attorney?
A: It depends.
Q: What is your hourly rate to review documents?
A: It depends.
Q: What is your hourly rate to provide deposition testimony?
A: It depends
Q: What is your hourly rate to provide testimony at trial?
A: It depends
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: I am reimbursed for all out of pocket expenses as well as unanticipated expenses.
