QUALIFICATIONS OF THE APPRAISER

KAREN ESPOSITO, ASA

 1988 - Present - Engaged in real estate and business valuations. Experienced in appraisals of various types of properties including multi-family residential, commercial, industrial, retail and office.  Qualified as an expert witness.  My experience has also included various special purpose properties including hotels, marinas, recreational facilities and restaurants, etc. I have prepared appraisals for mortgage and equity investments, estate and gift tax, bankruptcy and equitable distribution, performing both current, retrospective and prospective valuations.

Appraisal types include-

Self-contained narrative reports

Summary reports

Restricted appraisal reports 

Business Valuation reports

Partial Share Valuations

Valuation of Non-Voting Stock

Valuation of Family Limited Partnerships     

Valuation of Shares to Trustees as Sub-entities of Family Limited Partnerships

RELEVANT EDUCATION

R-1 - Introduction to Appraising Real Property

R-2 - Valuation Principles and Procedures

310- Intro to Income Property Valuation - (G-1) Direct Income Capitalization

320 - Principles of Income Property Appraising - (G-2) General Applications 

550 Applied Income Property Valuations - (G -3) Advanced Applications 

AQ-1- Fair Housing, Fair Lending and Environmental Issues

E/S - Ethics and Standards of Professional Practice

410 - National Uniform Standards of Professional Appraisal Practice

420 - Business Practices and Ethics

8001- Mastering Appraisal Skills Workshop (IBA)

DESIGNATION

ASA-  Accredited Senior Appraiser - American Society of Appraisers

Licensed by the State of New York as a General Appraiser - #46000039252
Licensed by the State of New Jersey as a General Appraiser - #42RG00225300

PROFESSIONAL MEMBERSHIPS

The American Society of Appraisers

Associate General Member of the Appraisal Institute

Institute of Business Appraisers

CONTINUING EDUCATION

-- What’s New and Exciting in Business Valuation?

--   Real Estate Market Trends in LI

--   Less than a full written Business Valuation Report 

 --  Partial Interest Valuation - Undivided

--   Discounts and Capitalization Rates: Practical and Defensible Derivation

--   Case Studies in Partnership and Common Tenancy                      

--   Subdivision Analysis

--   Small Hotel/Motel Valuations                                          

--   Financial Statement Analysis

--   Effective Appraisal Writing                          

--   Real Estate Lessons Learned from Enron

--    Separating Real and Personal Property from Intangible Business Assets

--    Appraising Convenience Stores

--    Business Appraisals involving Real Estate

--     Office Building Valuation - A Contemporary Perspective

--     Analyzing Commercial Lease Clauses

--     Appraising Green Buildings