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Professional Qualifications

Eugene Albert, MAI, SREA, CMI
President, Albert Valuation Group, Inc. Tarrytown
Chairman of the Board, Albert Valuation Group New York, Inc.
New York State Certified General Real Estate Appraiser #46-4546
(212) 490-1188x208
ealbert@avgny.com

Memberships
Appraisal Institute
American Society of Appraisers
Institute of Property Taxation (Past President)
Columbia Society of Real Estate Appraisers
Westchester County Society of
Real Estate Appraisers (Past President)
Real Estate Board of New York
American Arbitration Association
National Association of Realtors
New York State Association of Realtors
Bronx Board of Realtors
Westchester County Board of Realtors
Rockland County Board of Realtors
Dutchess County Board of Realtors
Orange County Board of Realtors
Westchester/Putnam Builders Institute
International Institute of Valuers

Education
Bachelor of Science, Cum Laude, Columbia University
Juris Doctor, Pace University School of Law
Admitted to practice in New York, Connecticut, District of Columbia
Adjunct Associate Professor of Real Estate, Pace University (1972-1982)
Post Faculty, American Law Institute/American Bar Association

Author
Use of Ratio Studies in Administrative Appeals and Litigations, Journal of Property Tax Management, 1:4, 1990
Tax Certiorari Proceedings: The Ratio Issue Revisited, Westchester Bar Journal, Summer, 1987
Contributing Editor, Property Taxation, Janata, Ed., Institute of Property Taxation, 1987
Editorial Consultant, Assessment Ratio Standards, Institute of Property Taxation, Washington, D.C., 1987
Using an Appraiser in Eminent Domain and Other Real Estate Valuation Proceedings, American Law Institute/ American Bar Association, 1985
Looking at Income & Expenses and Profit & Loss in Estimating Real Property Value, Proceedings, N.Y.U. Institute on State & Local Taxation, 1985
Contributor, Real Estate Tax Appeals, Rohan, Ed., Matthew Bender, 1985
The Income and Market Approaches to Real Property Value, Proceedings, N.Y.U. Institute on State and Local Taxation, 1984
Tax Certiorari Proceedings, Westchester Bar Journal, Summer, 1983
Editorial Consultant, Eminent Domain Valuation, The American Institute of Real Estate Appraisers, 1978

Professional Experience
Over 50 years experience as a real estate analyst, appraiser, and consultant to various banks and other lending institutions, estates, government agencies, federal, state, city, county, town and village municipalities, attorneys, brokers, individuals, schools, religious congregations, and leading United States corporations and companies. Concurrent experience as a real estate broker and/or principal in real property management, subdivision development, building construction, financing, purchasing, leasing, and selling.

Appraisal assignments completed for purposes of tax certiorari proceedings; appropriation and/or severance damage; mortgage security, utility easement; urban renewal acquisition; assessment review; employee transfer; condemnation by public authority; estate, transfer, and/or gift tax; sale, purchase, and/or investment value; catastrophe damage claim; tax basis; economic and/or location feasibility; leasehold interest; equity yield; cash flow analysis; construction lending; rehabilitation; zoning constitutionality, assessment ratio analysis; co-operative and condominium conversion; tax revenue impact.

Called as a real estate valuation expert, and qualified as such to testify at proceedings in the United States Tax Court, Federal District Court, U.S. Bankruptcy Court, local County Court, the New York State Supreme Court (Westchester, Putnam, Dutchess, Rockland, Orange, Sullivan, Ulster, Greene, Columbia, Onandaga, Broome, Oneida, Albany, Chautauqua, St. Lawrence, Manhattan, Bronx, Brooklyn, Queens, Nassau, Suffolk), the New York State Court of Claims, Connecticut Superior Court, New Jersey Superior Court, the American Arbitration Association, and various Boards and Commissions of Valuation.

Appointed, Small Claims Hearing Officer in Tax Review Proceedings, by order of the New York State Supreme Court.

Appointed, Commissioner of Appraisal in Condemnation, by order of the New York State Supreme Court.

Certified by the New York State Department of Education as a real estate instructor. Appraisal lecturer of the Society of Real Estate Appraisers. Faculty lecturer, Graduate Realtors Institute, New York State Association of Realtors. Lecturer/Speaker/Panelist/Discussion Leader at local and national bar association and real estate, property tax, and appraisal professional society meetings, conventions, conferences, educational seminars.

During past 25 years, property values in excess of $25,000,000,000 appraised, including over $100,000,000 for Chase Manhattan Bank, $500,000,000 for Citibank, $1,000,000,000 for Chemical Bank, $50,000,000 for Manufacturers Hanover Trust, and over $20,000,000,000 for a variety of additional lending institutions, government agencies, large corporations, developers, investors, and other similar clients.

Unique appraisal assignments completed include pool clubs, nursing homes, marinas, day camps, hospitals, theaters, amusement parks, radio stations, libraries, municipal and other public buildings, bulk oil plants, rail- road facilities, schools, resorts, houses of worship, sewage disposal facilities, watershed and reservoir lands, water and oil storage facili ties, prisons, conservation lands and sanctuaries, highway billboards, pipeline easements, ice skating rinks, and a variety of other unusual types.

Professional assignments completed in southern New York State and New York City, western and southern Connecticut, northern New Jersey, other parts of New York, Connecticut, and New Jersey, and in the States of Massachusetts, Vermont, New Hampshire, Rhode Island, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, North Carolina, Tennessee, Kentucky, Alabama, Florida, Ohio, Michigan, Indiana, Illinois, Missouri, Oklahoma, Colorado, Wyoming, Texas, Arizona, Nevada, and California, Puerto Rico, and the Virgin Islands.

 

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