[Straight From MacCrate] Air Rights in New York City – Where’s the Market – Hence Where’s the Value?

Appraisers are often confronted with an extremely difficult task in New York City and that is to estimate the market value of the excess development rights or air rights associated with an improved parcel of real estate. Point estimates of value are provided by appraisers that may far exceed the potential value contributed by the air rights as of the date of valuation. In fact, in most instances these excess development rights have little or no value as of the date of value, and more importantly, if these rights possess any value there is no exact point estimate of value for a variety of reasons…

[Straight From MacCrate] Ellwood - A Beautiful Mathematical Formula But – Often Misused

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

[Straight From MacCrate] What Is Land Worth?

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

[Straight From MacCrate] What Has Happened To Manhattan Apartment Property Values?

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

[Straight From MacCrate] Real Property Taxation – Is It Fair?

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

[Straight From MacCrate] It Will Get Worse – The Housing Mess

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

[Straight From MacCrate] The Dead Real Estate Market Analysis – Times Have Not Changed!

Jim MacCrate, MAI, CRE, ASA has his own firm, MacCrate Associates, but has worn many hats as a Director at PricewaterhouseCoopers in New York City and Chief Appraiser at European American Bank. He is a prolific writer on valuation issues and teaches a number of the real estate appraisal classes through the Appraisal Institute and [...]

Appraisal Reviews and Their Importance

Jim MacCrate, a regular contributor to Soapbox through his “Straight from MacCrate” column recently wrote a research paper with Noreen Whysel called:

Appraisal Reviews and Their Importance

which was recently listed on Social Science Research Network’s Top Ten download list for Litigation, Procedure & Dispute Resolution Journals. This article may be of interest to attorneys and [...]

[Straight From MacCrate] International Fair Value Accounting And Reporting

Jim MacCrate, MAI, CRE, ASA, has worn many hats in his career. He taught a number of the appraisal classes I have taken through the Appraisal Institute and I think he is one of the few people who actually understands the “J-Factor.” His wife Judy is an SRA and is an accomplished appraiser [...]

[Straight From MacCrate] Remember the Impact of Real Property Taxes on Real Estate Investments and Returns!

Jim MacCrate, MAI, CRE, ASA, has worn many hats in his career. He taught a number of the appraisal classes I have taken through the Appraisal Institute and I think he is one of the few people who actually understands the “J-Factor.” His wife Judy is an SRA and is an accomplished appraiser [...]