A Leader in Valuation Services

KPL is a leader in commercial real estate valuation and appraisal services.  Its services cover an array of valuation needs, for a variety of assets in multiple markets, but always maintaining a focus on the Greater New York City Markets and neighboring areas, like the Westchester County, Rockland County, Long Island, New Jersey and Connecticut Markets. Our focus includes office buildings of all classes (CBD and secondary markets),  medical office buildings, industrial facilities, shopping centers and retail strip centers, mixed-use properties, multi-family buildings and complexes, land development projects, conversions and air rights/TDRs analysis.  

With a broad based exposure in real estate valuation and consultation, our firm engages in a diversified practice encompassing all property types. Appraisal and consulting services are provided to financial & lending institutions, developers & builders, attorneys, investors, governmental agencies, corporations and the public.

Featured Valuation Assignments

Greater NYC Market Areas

 

  • The redevelopment of 509-525 West 34th Street, New York, NY (Hudson Yards Special Purpose District), an 84,372-square foot, Class-C office building with a parking garage, per its Highest and Best Use, maximizing the 33.0 FAR
  • 118 Madison Avenue, New York, NY, a 32,917-square foot, 14-story, mixed-use building operated as a 144-bed, student housing/dormitory for the American Academy of Dramatic Arts
  • 132-136 West 21st Street, New York, NY, a 128,821-square foot, 12-story office building and ground floor retail space, operated as an education facility for the School of Visual Arts
  •  An analysis of the 50,039 square feet of transferable development rights from 205 West 54th Street, New York, NY (Special Theater Sub-district)
  • 770 Lexington Avenue, New York, NY, a 156,823-square foot, 18-story, Class-B office building with ground floor retail
  • The redevelopment of a gas station located at 718-720 11th Avenue, New York, NY, to its H&BU, utilizing both the sales comparison approach and development model to arrive at the residual value to land
  • The Shopwell Plaza located at 4000 Boston Post Road, Bronx, NY, a neighborhood shopping center containing 76,000 square feet
  • The redevelopment and expansion of 2857 8th Street, Brooklyn, NY, a 58,000-square foot, Class-B commercial building
  • Appraised the leasehold interest of more than 20 gas stations located primarily throughout various neighborhoods within the Bronx, Brooklyn and Queens
  • The highest and best use analysis of a nursery school located at 214-216 West 15th Street, New York, NY, employing conversion andredevelopment models with support from Transferable Development Right sales(TDRs)
  • 175 Broadhollow Road, Melville (Suffolk County), NY, a gut-renovation of a Class-A office building measuring approximately 160,000 square feet
  •  480 Humboldt Street, East Williamsburg, Brooklyn, NY, a recently-constructed, 12-story, residential rental apartment building, containing 30,000 square feet inclusive of 2,700 square feet of office area
  • The Landmark Park Slope, a 95,000-square foot, recently- constructed, residential rental apartment building, consisting also of ground floor retail uses and a parking garage, located at 267 6th Street, Brooklyn, NY
  • 365 Stewart Avenue, Garden City (Nassau County), NY, an 80-unit, garden apartment community
  • The redevelopment of 260 Court Street, inclusive of an analysis of its excess development rights, located in the Cobble Hill section of Brooklyn, NY
  • 1790 Marmion Avenue and 671-673 East 231st Street, Bronx, NY, two renovations for the future use as multi-bed, transient housing/homeless facilities, complying with the Department of Homeless Services requirements
  • The redevelopment and expansion of 1894 Walton Avenue, Bronx, NY, a medical office building approved for Article-28 and -31 Occupancy by the NYC Department of Buildings
  • The sandwich leasehold interest of The Dallas BBQ, the former Talbots retail space (now vacant) and the parking garage located at 1251 Third Avenue, NY, NY
  • Two Gateway Center, an 830,000-square foot Class-A office building in Newark, NJ.


-Experience completing more than 750 appraisal assignments of assets specific to the “Greater New York City areas,” including a variety of multi-family assets, “taxpayer” properties, development sites, conversions, office and retail uses throughout The New York City Boroughs.

National + International

 

  • The BB&T Financial Center (Class-A office building) located in Winston-Salem, N.C., subject to a ground lease subsequent to acquisition
  • The AT&T Center (Class-A office building) located in Chicago, also subject to a ground lease subsequent to acquisition
  • The DSM Nutritional Products, Novo Nordisk and Allergan North American Headquarters in Parsippany, Princeton and Madison, NJ, respectively
  • 2 Empire Drive, East Greenbush (Rensselaer County), NY, a 40,000-square foot, Class-B medical office building
  • The Residences at Alewife, the development of a 228-unit, garden apartment community, located along Concord Turnpike in Cambridge, MA
  • The Veneto Hotel/Casino in Panama City, Panama
  • Office condominium units within the Revolution Tower (F&F), Panama City, Panama
  • Industrial/warehouse facilities in both Panama City, Panama and Bogota, Columbia.

Consulting 

Notable consulting assignments include development models reaching the land residual values for the Bayer Campus in Whippany, NJ and a Master Plan Community in Atlanta, GA, located on a 70-acre site (Approved Plan – 796 residential units, 1.5 million sq. ft. of office space, 465,000 Sq. Ft. of retail space and a 200-key, limited service hotel), as well as an advisory role for the repositioning of real estate assets within a Pharmaceutical Campus (Clifton/Nutley, NJ).