16. APPRAISAL REPORT OF REAL PROPERTY: 9 PINTA COURT

Transcription

1 16. APPRAISAL REPORT OF REAL PROPERTY: 9 PINTA COURT 125

2 126

3 APPRAISAL REPORT OF REAL PROPERTY LOCATED AT 9 Pinta Court Casablanca, NY AS OF September 1, 2013 PREPARED FOR DiMartini vs DiMartini REQUESTED BY Mrs. DiMartini's Attorney Mr. DiMartini's Attorney PREPARED BY ABC APPRAISAL CO., INC. ELM STREET SUITE 10 CASABLANCA, NEW YORK

4 - 1 - ABC APPRAISAL CO., INC. Elm Street, Suite 1 0 Casablanca, NY Residential Division October 2, 2013 Mrs. DiMartini's Attorney Mr. DiMartini's Attorney Re: ABC File No: R Real Property Appraisal of: DiMartini vs DiMartini 9 Pinta Court Casablanca, NY Gentlemen: Pursuant to your request and that of the court, we have made an appraisal of the above referenced property. The appraisal has as its purpose the determination of market value as of September 1, Property rights appraised herein are fee simple title ownership, assuming no indebtedness against the property. Kathy Leitman has inspected the subject property and surrounding area, researched, selected, and examined realty market data and analyzed all comparable sales used in this report. As a result of our research and analysis, which is more fully detailed in the accompanying report, it is our opinion that the estimated fair market value ofthe subject property as of September 1, 2013, is FIVE HUNDRED THOUSAND DOLLARS Very truly yours, $500,000 ABC APPRAISAL CO., INC. John J. Breslin, Jr. President Certified General Real Estate Appraiser New York Certificate # Kathy Leitman Associate Appraiser NYS Real Estate Appraiser New York Certificate # File #: R

5 -2- PROPERTY IDENTIFICATION Location Street Address Physical Location Casablanca, Gotham County, New York 9 Pinta Court Casablanca, NY North of Clay Pitts Road, East of Broadway, South of Pulaski Road, West of Elwood Road Legal Description District 400, Section 100, Block 1, Lot 1 SALES HISTORY OF SUBJECT PROPERTY This property was purchased January 2004 for $280,000, Liber 1234 I Page 123. The appraiser has considered the trend in market values and/or changes in the physical characteristics of the subject property since the date ofthe above conveyance. PURPOSE OF THE APPRAISAL The purpose of the appraisal is to estimate the Fair Market Value of the subject property as of September 1,

6 - 3 - FUNCTION OF THE APPRAISAL The function of this appraisal is to establish the fair market value ofthe subject property for use in a property settlement as part of a matrimonial dispute. ZONING The subject appears to meet the zoning requirements; however we have not performed a detailed zoning analysis. We have presumed unless noted that the property as inspected is legal. ASSESSED VALUE AND TAXES Assessed Value Land $450 Improvement $4,550 Total Assessed Value $5,000 Taxes Total Taxes $8,000 ± 130

7 -4- DEFINITION OF HIGHEST AND BEST USE Highest and Best Use is defined as the reasonable and probable use that will support the highest present value, as defined, as of the effective date of the appraisal. Alternatively, that use, from among reasonable probable and legal alternative uses, found to be physically possible, appropriately supported, financially feasible, and which results in highest land value. The definition immediately above applies specifically to the highest and best use of the land. It is to be recognized that in cases where a site has existing improvements on it, the highest and best use may very well be determined to be different from the existing use. The existing use will continue, however, unless and until land value in its highest and best use exceeds the total value of the property in its existing use. Implied within these definitions is recognition ofthe contribution of that specific use to community environment or to community development goals in addition to wealth maximization of individual property owners. Also implied is that the determination of highest and best use results from the appraiser's judgment and analytical skill, i.e., that the use determined from analysis represents an opinion, not a fact to be found. In appraisal practice, the concept of highest and best use represents the premise upon which value is based. In the context of most probable selling price (market value) another appropriate term to reflect highest and best use would be most probable use. In the context of investment value, an alternative term would be most profitable use. 1 1 The Appraisal of Real Estate, Twelfth Edition, The American Institute of Real Estate Appraisers. 131

8 - 5 - DEFINITION OF HIGHEST AND BEST USE (con't) Highest and Best Use considers alternative programs of development among uses which are physically possible, legally permissible, economically feasible, and compatible with existing area development and community goals. This analysis considers first the site as though vacant and available for development, and subsequently analyzes the existing improvements in order to establish an appropriate future program of utilization. In the analysis of the site as if vacant, the appraiser considers the zoning, neighborhood and surrounding land use: also to be considered are zoning changes, zoning board of appeal decisions and changes and trends in property uses in the area. HIGHEST AND BEST USE OF THE SUBJECT The highest and best use of the subject property is considered to be its present use as a single family residential dwelling. 132

9 - 6 - DEFINITION OF MARKET VALUE "Market Value" means: "The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (a) Buyer and seller are typically motivated; (b) Both parties are well informed or well advised, and each acting in what he considers his own best interest; (c) A reasonable time is allowed for exposure in the open market; (d) Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (e) The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale." 2 2 Federal Register/Volume 53, No. 3/Wednesday, January 6, 1988/Rules and Regulations 133

10 - 7 - NEIGHBORHOOD DESCRIPTION The subject is situated in the Hamlet of Casablanca within the County of Gotham, State of New York. It is bounded by the communities of Oz, Bedrock and Metropolis. This is a typical suburban residential community which is convenient to schools, shopping and transportation routes. The ages of homes range from new construction to homes of 60+ years. All architectural styles are represented in and around this area. The adjoining community of Bedrock was at one time the home to a large underground mine which created significant underground pollution problems for homes that are within a certain distance of the mine. House values range from $200,000 to $650,000 depending upon lot size, house size, age, condition and improvements. CHARACTER: TREND: SCHOOL DISTRICT: AREA: Residential Stable #6 Casablanca Casablanca 134

11 - 8 - SITE DESCRIPTION Terrain The site is a relatively flat parcel of land and level with the street. There are curbs but no sidewalks. Landscaping The site has trees and shrubs typical ofthe area. Utilities Sanitation Driveway The site has public water, electric, gas and telephone. The site has cesspool system The site has a gravel & paver driveway. PLOT SIZE 1 Acre I 43,560 SF The shape is irregular File #: R

12 - 9 - DESCRIPTION OF SUBJECT PROPERTY Style Colonial Rooms 8 Bedrooms 4 Baths Basement Attic Garage 2.5 Partial Basement- Finished Drop Stair & Scuttle 2 Car- Built-in LAYOUT First Floor Living Room, Dining Room, Kitchen, Den, halfbath Second Floor Master Bedroom, Master Bath 3 Bedrooms, Full Bath Basement Partial Basement, with Finished Room 136

13 - 10- SUBJECT PROPERTY DETAILS Exterior Interior Utilities Habitable Area Roof Exterior Trim Gutters Chimney Walls, ceilings Floors Windows Kitchen Baths Heat Electric Sanitation Air Conditioning 2, 750 SF± Asphalt Shingle Stone Vinyl/ Aluminum Aluminum Brick Sheetrock Wood, Carpet Double Hung Wood Cabinets, Granite Counters, Wood Flooring, New Viking Appliances, Wine Refrigerator Ceramic Floors, Wood Cabinets, Pedestal Sink Oil, Hot Water 200 Amps Cesspool CAC Extras Fireplace; Paver Patios; Walkway; Built-In Pool; In-Ground Sprinkler; Alarm System Year Built /- Renovated 2005 Effective Age 10 +/- Condition Landscaping Exterior Condition Interior Condition Typical for area Good Well Maintained Good Well Maintained Comments Home was renovated in Exterior changed to stone. Kitchen redone, brick pavers added to driveway. 137

14 VALUATION PREMISE The most relevant valuation technique for residential properties is the market data or direct sales comparison approach. In this approach, an opinion of market value is developed by comparing properties similar to the subject property that have recently sold, are listed for sale, or are under contract. "A major premise of the sales comparison approach is that the market value of a property is related to the prices of comparable, competitive properties. Comparative analysis of properties and transactions focuses on similarities and differences that affect value, which may include variations in the following: Property rights appraised The motivations of buyers and sellers Financing terms Market conditions at the time of sale Size Location Physical features Economic characteristics, if the properties produce income Elements of comparison are tested against market evidence to estimate which elements are sensitive to change and how they affect value." 3 The sales utilized by the appraiser in the direct sales comparison approach may be found on the following pages. Unless otherwise stated, all the data listed under the comparable sales was obtained from the Multiple Listing Service. 3 The Appraisal of Real Estate, Twelfth Edition, The American Institute of Real Estate Appraisers 138

15 - 12- MARKET CONDITIONS OVERVIEW During the years 2008 and 2009 the Board of Realtors reported declines in home sale prices for the Casablanca School District Market area. When comparing sale prices from the year 2010 to 2011 a sharp decline is still apparent. Additionally, when comparing sale prices for the Casablanca School District Market area from 2011 to 2012 a slight decline is still noted. The market continues to remain slow. Surrounding communities of the subject property, also have consistent reports for the same time period. The Board of Realtors reported the initial declines for the Real Estate Market for many neighborhoods starting in the year 2006 and it has escalated since. There continues to be more listings on the market than in prior years and that are remaining unsold for longer periods of time. Financing continues to be difficult to obtain since lenders have more stringent credit requirements. 139

16 - 13- Sales Comparison Adjustment Grid. ~.. Sale#l Sale# 2 S::ale # 3 Sales Price $475,000 $425,000 $610,000 Contract Date/ 6/12 6/11 4/11 Adjust. 0% (-2%) (-2%) Time Adj. Sales Price $475,000 $416,500 $597,800 Lot Size +6% 0% 0% Size& +8% Similar Similar Utility Condition (-1 0%) +15% (-15%) Location +3% +5% +3% Amenities +4% (-2%) 0% Total Adjustment +11% +18% (-12%) Adjust!ld Sale J,>ric~. $527,Z50 $491,470 $526, Rourrdea. $52i()O() $491,000 $526,000 '.. 140

17 - 14- COMPARABLE SALE #1 15 Bartel Dr, Casablanca Listing Price: $495,000 Colonial 1 Family Det Sold Price: $475,000 Rooms: 8 Basement: Full Fuel: Gas School Dist: 6 Bedrooms: 4 Fin Bsmt: N Heat: Hw Taxes: $12, Baths Full: 2 Garage: 2 Att Water: Public Village Taxes: Baths Half: 1 Driveway: Pvt Sewer: Total Taxes: $12, Lot Size:.32 #Kitchens: 1 Pool: N Waterfront: N Approx Year Built: 1964 New Constr: N Eat In Kitchen: y Patio: Brick Waterview: N Construction: Frame Dining Room: Formal Porch: #Fireplaces: 1 Appearance: Mint++ Den/Family Room: y Adult Community: N Min Age: ML#: Listing Date: 5/28/2012 Owner: Listing Broker: Prudential Douglas Elliman RE Exp Date: 12/26/2012 Purchaser: List Bkr Ph#: PRU 03 Contract Date: 6/19/2012 Days on Market: 22 Selling Broker: Prudential Douglas Elliman RE Title Date: 7/25/2012 Status/Show#: Sell Bkr Ph#: PRU 05 LSC: CL This is a colonial style dwelling located within close proximity to the subject property. It is on a slightly smaller lot. It is a slightly smaller home with similar utility. The house has been fully updated and renovated more recently. It is not located on a cul-de-sac; but has an inner location off a looped, winding road development. There is a 2-car attached garage; fireplace; full unfinished basement; brick patio; & in-ground sprinkler system. It does not benefit from a built-in pool and the ull basement is not finished. This sale went to contract in June 2012 and closed in July 2012 under conditions of a slow market. Photo represents property at time of sale. 141

18 COMPARABLE SALE #2 1 Naples Ln, Casablanca Colonial 1 Family Rooms: 8 Basement: Part Bedrooms: 4 Fin Bsmt: y Baths Full: 2 Garage: 2 Att Baths Half: 1 Driveway: Pvt #Kitchens: 1 Pool: lg Eat In Kitchen: y Patio: Cement Dining Room: Formal Porch: Del Fuel: Oil School Dist: Heat: Hw Taxes: Water: Public Village Taxes: Sewer: N Total Taxes: Waterfront: N Approx Year Built: Waterview: N Construction: #Fireplaces: 1 Appearance: Listing Price: $475,000 Sold Price: $425,000 6 $11, $11, Lot Size: New Constr: N Vinyl Excellent Den/Family Room: y Adult Community: N Min Age: ML#: Listing Date: Owner: Listing Broker: Coldwell Banker Residential Exp Date: 9/13/2011 Purchaser: List Bkr Ph#: CBRB 11 Contract Date: 617/2011 Days on Market: 176 Selling Broker: Coldwell Banker Residential Title Date: 814/2011 Status/Show#: Sell Bkr Ph#: CBRB 11 LSC: CL This is a colonial style dwelling located within close proximity to the subject property. It is on a similar sized lot. It is a similar sized home with similar utility. The house has been not been updated and renovated as the subject property has. It is not located on the corner lot of the entrance to a planned development and the side of property is along Pulaski Road a busy road so there is noise and traffic. There is a 2-car attached garage; fireplace; partial finished basement; brick patio; deck; built-in pool in-ground sprinkler system. It does not benefit from a built-in pool and the full basement is not finished. This sale went to contract in June 2011 and closed in August 2011 under conditions of a slow market. Photo represents property at time of sale. 142

19 - 16- COMPARABLE SALE #3 12 Naples Ln, Casablanca Colonial 1 Family Rooms: 8 Basement: Part Bedrooms: 4 Fin Bsmt: Baths Full: 2 Garage: 2 Att Baths Half: 1 Driveway: Pvt #Kitchens: 1 Pool: lg Eat In Kitchen: y Patio: Dining Room: Formal Porch: Del Fuel: Oil School Dist: Heat: Hw Taxes: Water: Public Village Taxes: Sewer: N Total Taxes: Waterfront: N Approx Year Built: Waterview: N Construction: #Fireplaces: 1 Appearance: Listing Price: $650,000 Sold Price: $610,000 6 $13, $13, Lot Size: New Constr: N Frame Diamond Den/Family Room: y Adult Community: N Min Age: ML#: Listing Date: Exp Date: 2/22/2011 Owner: 10/12/2011 Purchaser: Listing Broker: List Bkr Ph#: Prudential Douglas Elliman RE PRU 05 Contract Date: 4/12/2011 Days on Market: 49 Selling Broker: Coldwell Banker Residential Title Date: 6/27/2011 Status/Show#: Sell Bkr Ph#: CBRB 11 LSC: CL This is a colonial style dwelling located within close proximity to the subject property. It is on a similar sized lot. It is a similar sized home with similar utility. The house has been fully updated and renovated much more recently. It is not located on a cul-de-sac; but has an inner location in he development further in on entrance road with no outlet. There is a 2-car attached garage; fireplace; partial unfinished basement; deck; gravel patio; & in-ground sprinkler system. It does not benefit from a built-in pool and the full basement is not finished. This sale went to contract in April 2011 and closed in June 2011 under conditions of a slow market. Photo represents property at time of sale. 143

20 - 17- APPRAISER'S COMMENTS Our research included listings and properties that are under contract (have not closed) in the same school district. The number of competitive properties (listings) has increased and these listings are remaining on the market for a longer period of time. The current resale market continues to be less busy. We have considered the "slower, declining" market in our valuation of this property. Based upon the information contained in this report, upon the inspection of the subject property, but more particularly upon the analysis of the aforementioned sales and market conditions, it is our opinion that the subject property has an estimated Fair Market Value as of September 1, 2013, of FIVE HUNDRED THOUSAND DOLLARS $500,

21 ADDENDA 145

22 - 19- PHOTOS OF SUBJECT PROPERTY 146

23 - 20- PHOTOS OF SUBJECT PROPERTY 147

24 PHOTOS OF SUBJECT PROPERTY 148

25 -22- PHOTOS OF SUBJECT PROPERTY 149

26 -23- PHOTOS OF SUBJECT PROPERTY 150

27 -24- PHOTOS OF SUBJECT PROPERTY 151

28 -25- PHOTOS OF SUBJECT PROPERTY 152

29 - 26- PHOTOS OF SUBJECT PROPERTY 153

30 -27- SUBJECT PROPERTY AS DELINEATED ON GOTHAM COUNTY TAX MAP 154

31 -28- MAP,, ;: BEDROCK $425,000 $610,

32 - 29- ASSUMPTIONS AND LIMITING CONDITIONS 1. The appraiser will not be required to give testimony or appear in court because of having made this appraisal, unless arrangements have been previously made therefore. The fee paid for this appraisal does not include the charge for any court appearance or conference concerning this appraisal assignment. Said additional charge shall be billed separately. 2. Possession of this report, or a copy thereof, does not carry with it the right of publication. It may not be used for any purpose by any person other than the party to whom it is addressed, without the written consent of the appraiser, and in any event only with proper written qualification and only in its entirety. 3. Neither all nor any part of the contents of this report, or copy thereof, shall be conveyed to the public through advertising, public relations, news, sales, or any other media without written consent and approval of the appraiser. Nor shall the appraiser, firm, or professional organization of which the appraiser is a member be identified without written consent of the appraiser. 4. The legal or identifying description used in this report is assumed to be correct. 5. No survey of the property has been made by the appraiser, and no responsibility is assumed in connection with such matters. Sketches or copies of maps etc. utilized in this report are included only to assist the reader in visualizing the property. 6. No responsibility is assumed for matters of a legal nature affecting title to the property, nor is an opinion oftitle rendered. The title is assumed to be good and merchantable. The ownership information contained in the report was provided either by the client or the local assessment records. 7. Information furnished by others is assumed to be true, correct and reliable. A reasonable effort has been made to verify such information, however, no responsibility for its accuracy is assumed by the appraiser. 8. All mortgages, liens, encumbrances, leases and easements have been disregarded unless so specified within the report. The property is appraised as though under responsible ownership and competent management. 9. It is assumed that there are no hidden unapparent conditions of the property, subsoil, or structures, which would render it more or less valuable. No responsibility is assumed for such conditions or for engineering which may be required to discover such factors. 156

33 - 30- ASSUMPTIONS AND LIMITING CONDITIONS (con't) 10. It is assumed that there is full compliance with all applicable federal, state, and local environmental regulations and laws, unless non-compliance is stated, defined, and considered in the appraisal report. 11. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, unless non-conformity has been stated, defined and considered in the appraisal report. 12. It is assumed that all required licenses, consents, or other legislative or administrative authority from any local, state or national governmental or private entity or organization have been or can be obtained or renewed for any use on which the value estimate contained in this report is based. 13. It is assumed that the utilization ofthe land improvements is within the boundaries or property lines of the property described, and that there is no encroachment or trespass unless noted within the report. 14. The existence of potentially hazardous material and/or toxic waste used in the construction or maintenance of the improvements, which may or may not be present, was not observed by the appraisers. The appraisers do not have any knowledge of the existence of such materials in or on the property. We are, however, not qualified to detect such substances. The existence of asbestos, toxic waste or similar hazardous materials is likely to have an adverse affect on the value of the subject property. I recommend that the client retain an expert in this field, if desired. 157

34 CERTIFICATE OF APPRAISAL Premises: 9 Pinta Court, Casablanca, New York We, John J. Breslin, Jr. and Kathy Leitman, certify to the best of our knowledge and belief: THAT, the statements of fact contained in this report are true and correct; THAT, the reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, unbiased professional analyses, opinions and conclusions; THAT, we have no present or prospective interest in the property that is the subject of this report, and we have no personal interest or bias with respect to the parties involved; THAT, our compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulated result or the occurrence of a subsequent event; THAT, this appraisal was not based on a requested minimum valuation, a specific valuation or the approval of a loan, or any other condition; THAT, the analyses, opinions and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Ethics and Standards of Professional Appraisal Practice of the organizations with which we are affiliated; THAT, the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives; THAT, Kathy Leitman inspected the interior and exterior of the property, that is the subject of this report, and no other person provided professional assistance to us. DATE: October 2, 2013 John J. Breslin, Jr. President Certified General Real Estate Appraiser New York Certificate # Kathy Leitman Associate Appraiser NYS Real Estate Appraiser New York Certificate #

35 -32- JOHN J. BRESLIN, JR. QUALIFICATIONS EXPERIENCE Certified General Real Estate Appraiser, NYS License # ; Licensed Real Estate Broker President- Breslin Appraisal Co. - a full service real estate company involved in the appraisal of all types of property in addition to sales, management, leasing, mortgaging, and consulting work. Attorney - Licensed to practice Law in the State ofnew York Former Assessor Village of Ocean Beach. EDUCATION J.D., St. John's University Law School B.B.A., Siena College, Loundonville, N.Y. Major- Accounting Society of Real Estate Appraisers, Course I 01; Independent Fee Appraisers, Course I 01 Various seminars, lectures, conferences on real estate appraising. Requisite courses for licensing, G-1, G-2, G-3, E/S. Long Island Real Estate Board, Broker's Course Long Island Builder's Institute, Fundamentals of Home Building. PROFESSIONAL SOCIETIES Member, Long Island Board of Realtors Member, Long Island Board of Realtors, Appraisal Division Member, New York State Bar Member, Suffolk County Bar Association Member, Columbia Society of Real Estate Appraisers, Inc. Member, American Society of Appraisers GENERAL Engaged in all forms of real property appraising including residential, commercial, industrial, and special purposes. Lecturer Suffolk County Bar Association on Zoning and Land Use Guest Lecturer Touro Law School on Zoning and Land Use TESTIMONY Recognized as expert, Town of Huntington Zoning & Town Boards and Planning Boards Recognized as expert, Supreme Court, Nassau and Suffolk Counties Recognized as expert, Town of Brookhaven Zoning Board, Town Board and Planning Board Recognized as expert, Town of Islip Zoning Board and Planning Board Recognized as expert, Village of Asharoken Recognized as expert, Village of Rockville Centre Recognized as expert, Town of Smithtown Zoning Board, Planning Board, Town Board Recognized as expert, Town of Hempstead and North Hempstead Zoning Board, Town Board Recognized as expert, Town of Oyster Bay Town Board, ZBA Recognized as expert, Federal Court Recognized as expert, U.S. Bankruptcy Court Recognized as expert, Nassau and Suffolk Surrogates Court Recognized as expert, Town of Southold Recognized as expert, Town of Riverhead Recognized as expert, Village of Laurel Hollow Recognized as expert, Town of Oyster Bay Recognized as expert, Village of Cove Neck Recognized as expert, Town of East Hampton Recognized as expert, Town of Southampton Recognized as expert, Village of Muttontown Recognized as expert, Village of Brookville Recognized as expert, Village of Lynbrook Recognized as expert, Village of Malverne Recognized as expert, Village ofvalley Stream File #: R

36 - 33- Kathy Leitman Qualifications Professional Accreditation Appraisal Institute, General Associate Member N.Y.S. Licensed Real Estate Appraiser, # Certified Buyer Representative N.Y.S. Licensed Real Estate Sales Person, #40LE New York Association ofrealtors, Member # Professional Education General Appraiser Sales Comparison Approach Appraising for Alternative Uses: Life Beyond Lending Analyzing Real Estate in Distressed Markets Analyzing Distressed Real Estate Certified Buyer Representative Course N.Y.S. Real Estate Salesperson Course Case Studies in Real Estate Valuation, 2-1 Capitalization Theory & Techniques Part B (2), lbb, 1B2 Capitalization Theory & Techniques Part A (1), 1BA, 1B1 Applied Residential Property Valuation, 102 An Introduction to Appraising Real Estate, 101 Standards of Professional Practice, Part A Appraiser Qualifications I, AQ1 Standards of Professional Appraisal Practice, Part- A HP12C, applications in Real Estate Appraisal Professional Experience Breslin Appraisal Co., Inc. Commercial Staff Appraiser Frank Ciotta & Associates Residential Staff Appraiser Coach Real Estate Associates, Inc. Real Estate Sales Associate Legal Assistant, Zavatsky Mendelson and Levy Residential Real Estate Foreclosures Commercial Appraiser, Goodman Marks Associates, Inc. Commercial Appraiser Assistant Senior Staff Appraiser, Greenpoint Savings Bank Residential Appraisal Reporting. Independent Fee Appraiser Residential Appraisal Reporting Secondary Market Consultant/Underwriter, American Assignment Services Due diligence review for secondary market consulting firm Chemical Bank Mortgage Department Mortgage specialist Chemical Bank Mortgage Center Real Estate Salesperson, Mint Funding/ Mint properties Residential sales and rentals Mortgage sales, underwriting and processing. Real Estate Salesperson, V.J. Novack Realty Apartments rentals and cooperative sales in Central Queens 160