Commercial Property Damaged by Fire

Case Overview

This claim involves a mixed use property in the state of Idaho that included several floors of apartments situated above ground floor retail space with several active tenants. However, after a neighboring building caught fire due to a defective dishwasher, the apartment building was rendered unfit for habitation. As a result, all occupants of the building were displaced. As the property could no longer be leased to tenants, the owner lost a substantial source of his income, forcing him to foreclose on the property.

Questions to the Real Estate expert and their responses

A property appraiser is required to determine the value of the property in question - please explain why you're qualified to assist on this engagement.

I have extensive property appraisal experience. I have appraised hundreds of properties, including a number of similar properties to the site in question. This type of expert review is right in my area of expertise.

Have you ever served as an expert witness on a claim similar to the one described above?

I have reviewed similar cases in the past with very positive results and would be happy to assist here.

About the expert

This highly qualified real estate appraiser has extensive experience in commercial and high value properties with an emphasis on litigation, diminution in value, eminent domain, taxation, partial interests, and zoning. He holds top real estate appraisal licenses in the state of New York and belongs to a number of prestigious professional association in the field -- most notably as a member and former president of the Columbia Society of Real Estate Appraisers. He has also taught courses at NYU and Baruch College on real estate appraisal, valuation, and investment. Currently, this expert is a practicing general real estate appraiser and an appraisal instructor at a New York area real estate teaching institute.

E-009372

Specialties:

Real Estate