The Property Valuations unit of Financial Services is looking for a detail-oriented Commercial Real Estate Appraiser. Under general supervision, an Appraiser Level II will perform and be responsible for the appraisal of real estate, with wide latitude for independent action and decision making.
Researching materials and public records to collect and analyze data and information regarding transactions related to real property.
Research and collection of information and data, both current and historical, for use in appraisal report preparation.
Research, review, and analyze information pertinent to overall market conditions of all types of real property.
Obtain source materials by means of research, records examination, published materials, or personal interviews.
Conduct sufficient research on market conditions to justify adjustment process, as required.
Conduct field visits to gather information used to analyze local market trends and photograph real property.
Analyze construction costs and depreciation in real estate values.
Interface with architects, surveyors, real estate appraisers and brokers, property owners, building managers, banks, engineers, builders, attorneys, local preservation units, government agencies, landlords and tenants.
Perform appraisals of complex types of property such as apartment buildings, land parcels and large commercial, industrial, or business properties, which are frequently income-producing.
Perform appraisal review reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP standards.
Perform supervisory work in the appraisal of real estate.
Perform feasibility analysis to determine the highest and best use of real property for the purpose of acquisition or disposition.
Prepare appraisal reports and market rental analyses based on Uniform Standards for Professional Appraisal Practice (USPAP) guidelines.
Administrative tasks will include, but are not limited to the following:
Work with senior appraisers to resolve problems relative to requests for appraisal work.
Follow procedures governing appraisal processes, recommend changes in appraisal policies and procedures.
Advise, guide, and supervise, or assist in the supervision and training of lower-level appraisers and vendors.
Review of and responsibility for the appraisal work performed by lower-level appraisers and vendors.
Attend meetings with other City agencies and stakeholders regarding the appraisal of real property.
Flexible Work Update:
This position may be eligible for remote work up to two days per week, pursuant to the Remote Work Pilot Program agreed to between the City and DC37.
Minimum Qualifications
A baccalaureate degree from an accredited college and two years of satisfactory full-time experience in the appraisal of real property in which the writing of narrative reports is required; or
An associate degree or 60 semester credits from an accredited college and four years of satisfactory full-time experience in the appraisal of real property, of which two years must be in appraisal of real property in which the writing of narrative reports is required; or
A four-year high school diploma or its educational equivalent approved by a state's department education or recognized accrediting organization and six years of satisfactory full-time experience in the appraisal of real property, of which two years must be in appraisal of real property in which the writing of narrative reports is required; or
Education and/or experience equivalent to 1, 2 or 3 above. However, all candidates must have a four-year high school diploma or its educational equivalent as described in 3 above and at least two years of the experience described in 1 above.
License Requirement A Motor Vehicle Driver License valid in the State of New York. This license must be maintained for the duration of employment.
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in the appraisal of real property.
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two years of full-time experience in Assignment Level I and/or Assignment Level II, or at least two additional years of full-time experience in the appraisal of real property, one year of which must have been supervising staff performing the appraisal of real property.
Preferred Skills
Experience in appraising commercial properties of increasing complexity.
Demonstrated ability to prioritize, follow through and complete tasks.
Dedication to providing timely, reliable, and courteous service to clients.
Attentiveness, attention to detail, and strong analytical skills.
Demonstrated analytical, quantitative, and problem-solving abilities.
Ability to comprehend, analyze, and interpret complex documents.
Proficient in narrative appraisal report writing (work samples may be requested).
Candidates should have excellent communication, writing and interpersonal skills.
Experienced with Microsoft Office Suite (Word, Excel, Outlook, Teams).
New York State Certified General Real Estate Appraiser License in good standing.
Commitment to professional development and continual learning.
Appraisal Institute MAI Designation or Candidate for Designation a plus.
Public Service Loan Forgiveness As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement New York City Residency is not required for this position
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Researching materials and public records to collect and analyze data and information regarding transactions related to real property.
Research and collection of information and data, both current and historical, for use in appraisal report preparation.
Research, review, and analyze information pertinent to overall market conditions of all types of real property.
Obtain source materials by means of research, records examination, published materials, or personal interviews.
Conduct sufficient research on market conditions to justify adjustment process, as required.
Conduct field visits to gather information used to analyze local market trends and photograph real property.
Analyze construction costs and depreciation in real estate values.
Interface with architects, surveyors, real estate appraisers and brokers, property owners, building managers, banks, engineers, builders, attorneys, local preservation units, government agencies, landlords and tenants.
Perform appraisals of complex types of property such as apartment buildings, land parcels and large commercial, industrial, or business properties, which are frequently income-producing.
Perform appraisal review reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP standards.
Perform supervisory work in the appraisal of real estate.
Perform feasibility analysis to determine the highest and best use of real property for the purpose of acquisition or disposition.
Prepare appraisal reports and market rental analyses based on Uniform Standards for Professional Appraisal Practice (USPAP) guidelines.
Administrative tasks will include, but are not limited to the following:
Work with senior appraisers to resolve problems relative to requests for appraisal work.
Follow procedures governing appraisal processes, recommend changes in appraisal policies and procedures.
Advise, guide, and supervise, or assist in the supervision and training of lower-level appraisers and vendors.
Review of and responsibility for the appraisal work performed by lower-level appraisers and vendors.
Attend meetings with other City agencies and stakeholders regarding the appraisal of real property.
Flexible Work Update:
This position may be eligible for remote work up to two days per week, pursuant to the Remote Work Pilot Program agreed to between the City and DC37.
Minimum Qualifications
A baccalaureate degree from an accredited college and two years of satisfactory full-time experience in the appraisal of real property in which the writing of narrative reports is required; or
An associate degree or 60 semester credits from an accredited college and four years of satisfactory full-time experience in the appraisal of real property, of which two years must be in appraisal of real property in which the writing of narrative reports is required; or
A four-year high school diploma or its educational equivalent approved by a state's department education or recognized accrediting organization and six years of satisfactory full-time experience in the appraisal of real property, of which two years must be in appraisal of real property in which the writing of narrative reports is required; or
Education and/or experience equivalent to 1, 2 or 3 above. However, all candidates must have a four-year high school diploma or its educational equivalent as described in 3 above and at least two years of the experience described in 1 above.
License Requirement A Motor Vehicle Driver License valid in the State of New York. This license must be maintained for the duration of employment.
To be eligible for placement in Assignment Level II individuals must have, in addition to meeting the minimum requirements, at least one additional year of full-time experience in the appraisal of real property.
To be eligible for placement in Assignment Level III individuals must have, in addition to meeting the minimum requirements, at least two years of full-time experience in Assignment Level I and/or Assignment Level II, or at least two additional years of full-time experience in the appraisal of real property, one year of which must have been supervising staff performing the appraisal of real property.
Preferred Skills
Experience in appraising commercial properties of increasing complexity.
Demonstrated ability to prioritize, follow through and complete tasks.
Dedication to providing timely, reliable, and courteous service to clients.
Attentiveness, attention to detail, and strong analytical skills.
Demonstrated analytical, quantitative, and problem-solving abilities.
Ability to comprehend, analyze, and interpret complex documents.
Proficient in narrative appraisal report writing (work samples may be requested).
Candidates should have excellent communication, writing and interpersonal skills.
Experienced with Microsoft Office Suite (Word, Excel, Outlook, Teams).
New York State Certified General Real Estate Appraiser License in good standing.
Commitment to professional development and continual learning.
Appraisal Institute MAI Designation or Candidate for Designation a plus.
Public Service Loan Forgiveness As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement New York City Residency is not required for this position
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