Category Archives: Real Estate Investments

New York City Real Estate Taxes & Forecasting Cash Flow

By James R. MacCrate, MAI, CRE, ASA  Introduction  The local real property tax burden in New York City has been increasing constantly and represents a large percentage of the operating expenses associated with apartment buildings, office properties and other commercial … Continue reading

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Manhattan Property Values and Capitalization Rates

By James R. MacCrate, MAI, CRE, ASA Overview In a previous post in 2008, What Has Happened to Manhattan Property Values?, the factors that would affect real property values in New York City were discussed. It was pointed out that … Continue reading

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Department Retail Stores & Rents

By Maxwell O. Ramsland, Jr., MAl, CRE and James R. MacCrate, MAI, CRE, ASA Introduction As reported by Newsweek, the United States is over stored as retail construction continued in 2007 and 2008 by unregulated financial lending practices.  New retail … Continue reading

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A Little Bit of History – Gross Rent Multipliers in New York City over Time?

By James R. MacCrate, MAI, CRE, ASA Often investors estimate the price that they are willing to pay for apartment projects in New York City by using a gross rent (income) multiplier or an effective gross rent (income) multiplier.  The … Continue reading

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Hints to Determine Accurate Capitalization Rates

By James R. MacCrate, MAI, CRE, ASA The Joint Economic Committee Hearing in Congress on Commercial Real Estate: Do Rising Defaults Pose A Systemic Threat?  heard testimony that lack of credit has negatively affected the number of real estate transactions … Continue reading

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Part One – What Is The Highest & Best Use?

Part One – What Is The Highest & Best Use? By James R. MacCrate, MAI, CRE, ASA – MacCrate Associates LLC Highest and Best Use: The reasonably probable and legal use of vacant land or an improved property, which is … Continue reading

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Follow Up -What Has Happened to Land Values in New York Metropolitan Area?

Follow Up -What Has Happened to Land Values in New York Metropolitan Area?   By James R. MacCrate, MAI, CRE, ASA – MacCrate Associates LLC   In the last post, it was discussed that real estate appraisers have been taught … Continue reading

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