HomeMy WebLinkAboutLynch Appraisal Real Estate Report - Rcvd. 11/8/23 LYNCH APPRAISAL LTD.
REAL ESTATE APPRAISERS AND CONSULTANTS -
15 DEWEY STREET E C E I i/E D
HUNTINGTON,NEW YORK 11743
(631)427-1000
November 6, 2023 NOV 0 8 2023 j
Town of Southold
Town Hall SoutholdT0%^rn --
54375 Main Road Planning Board
Southold, New York 11971
Re: Real Estate Consulting Report
Elite Towers, LP, New York
SMSA Limited Partnership d/b/a
Verizon Wireless, DISH Wireless,
LLC, & Southold Fire District
Proposed Communications
Facility:
Concealment Pole Located at
Albertson Marine (Boatyard) -
61405 Main Road
Southold, New York 11971
Dear Board Members:
In accordance with a request from the applicants, Elite Towers,
LP, New York SMSA Limited Partnership d/b/a Verizon Wireless, DISH
Wireless, LLC and Southold Fire District, collectively hereinafter
referred to as the "Applicants", I have inspected the above site and
prepared a Real Estate Consulting Report (the "Report" ) regarding
potential effects of a proposed wireless communications facility (the
"Communications Facility" ) on the surrounding community.
After considering the location, market conditions, proposed build,
and all other factors that influence value, it is my professional
opinion that the Applicants' proposed Communications Facility will not
negatively affect property values in the surrounding area and will not
have any adverse effect on the character of the neighborhood or the
pattern of its development, and is compatible with the site and
surrounding structures and uses.
My conclusions are outlined in the following Report.
Respectfully submitted,
LYNCH APPRAISAL LTD.
Michael J. Lynch
N.Y.S. Cert. General R.E. Appraiser #46000001012
2
Purpose and Intended Use of Report
The purpose and intended use of the Report is to study any
possible adverse effects the proposed Communications Facility will
have on the surrounding community.
This Report is strictly prepared at the request of the Applicants
to present to the Town of Southold Planning Board for a hearing to be
held on November 6, 2023 .
Effective Date of Report
The effective date of the Report is September 26, 2023 , the date
of inspection of the Property by Mr. Michael J. Lynch.
Description of Proposed Communications Facility
The Applicants' proposed Communications Facility consists of,
without limitation, the installation of whip antennas (at a top
height of 164 ' 10" AGL) by the Southold Fire District atop a 150 ' AGL
RF-transparent concealment pole (the "Concealment Pole" ) , plus six
( 6 ) panel antennas by Verizon Wireless and three ( 3 ) panel antennas
by DISH Wireless concealed within said tower structure. The
Communications Facility will be situated at the northerly boundary
of "Albertson Marine, " a boatyard (the "Property" ) that backs to a
Long Island Railroad ( "LIRR" ) right-of-way. In addition, associated
equipment cabinetry will be mounted on a steel platform within a 70 '
x 35 ' fenced (chain link) compound (the "Compound" ) , which will also
surround the Concealment Pole, with the Compound being landscaped
with staggered 6100" tall arborvitae plantings. Moreover, the
Concealment Pole and Compound will be designed to accommodate future
carriers. Lastly, the Concealment Pole and Compound will be located
behind (to the north) of an existing and large marine storage
building, and immediately adjacent to the south side of the noted
and somewhat elevated LIRR r/o/w, thereby screening said Compound
from Main Road and the nearest residences.
3
Description of Property and Surrounding Neighborhood
The Property consists of a 0.95± acre parcel located along the
northerly side of Main Road (S.R. 25 ) and southerly side of the
LIRR, distant 19571± easterly of Laurel Avenue, in the Hamlet of
Southold, Town of Southold, Suffolk County, New York. It is also
known and designated by Suffolk County Tax Map Number: District 1000,
Section 56, Block 3, Lot 15, and is situated within a Town of Southold
Marine ( II ) Zoning District. The Property is generally level and
improved with a marine storage building plus associated paving for
driveways, parking and outdoor storage areas. It is in use as a
boatyard with related repair and storage of marine vessels and boat
trailers. The Property is abutted on its east and west by parcels
associated with Albertson Marine, which includes offices, boat sales
and marine supplies, and additional boat storage. Diagonally
opposite to the southeast, along the south side of Main Road and
fronting on Budd's Pond, is the Albertson Marina, with associated
boat slips, loading ramp and other marine related services. Directly
south from the Property, along Main Road, is County-owned open space
wooded land and wetlands. Opposite the Property, along the north
side of the LIRR, is a Town-owned partially-wooded land preserve.
Other nearby uses along Main Road include a motel, Port of Egypt
Marina, and a shuttered restaurant. The nearest residences are to
the west-southwest on Budd's Pond Road, some of which back to Main
Road, and to the west-northwest on Pond Avenue, with a residence
that backs to the LIRR tracks and is the closest residential
structure to the proposed Communications Facility, being
approximately 555 feet away.
4
Scope of the Report
In preparing this Report, the appraiser:
- Inspected the Property and surrounding community on September
26, 2023;
- Reviewed the Verizon Wireless and Southold Fire District
engineering drawings prepared by Jeremy K. McKean, PE, dated
8/30/23, and DISH Wireless engineering drawings by Jeremy K.
McKean, PE, dated 8/31/23;
- Reviewed Suffolk County and Town of Southold assessment, tax
map and zoning records;
- Researched sales trends in the area of the Property in
addition to comparable sites throughout Suffolk and Nassau
Counties, including the North Fork and East End; and
- Prepared this Report.
Report Methodology
In analyzing any potential adverse effect the Communications
Facility may have on the surrounding community, the appraiser
considered the proposed build of the Communications Facility on a
commercial boatyard, located along a major east-west artery of the
North Fork, and adjacent to an LIRR right-of-way.
In addition, we have reviewed and carried out studies with
respect to wireless communications facilities in Nassau and Suffolk
Counties. These communications facilities include stealth flagpole
and monopole sites, lattice and guyed wire tower sites, rooftop
mounted sites, and water tank sites. On the following pages are two
studies that include a stealth monopole site at the beginning of the
North Fork, and a monopole site in the Village of Southampton.
5
1) 130' Stealth Wireless Monopole(Flagpole)at Cherry Creek Golf Links,900 Reeves Avenue,
Centerville (Riverhead)
A 1301± stealth monopole was erected at this golf course in
2003 (see Figure 3 ) . Subsequent to the monopole, a new development
of single-family residences commenced adjoining the golf course and
said wireless facility to its east. This homeowner's association,
known as the "Highlands at Reeves, " had its first sale in 2006 . The
development includes a community pool, clubhouse, and other
amenities typical to a modern homeowner's association development
on Long Island. The golf course and development are built on former
agricultural lands.
Our staff looked at sales data within the Highlands at Reeves from
2006-2014, finding 36 sales ranging from $399 ,000-$850, 000, or on a
per square foot of building area running from $136/SF-$258/SF. The
average and median sale price per square foot was $197/SF and
$199/SF, respectively.
We then compared this above data to a very similar development
located 1 .5± miles to the east known as "The Highlands at Aquebogue, 'I
situated along the south side of Sound Avenue, adjacent to the east
side of the Long Island National Golf Club. The Highlands at
Aquebogue had its first sale in 2006, with units still available as
of 2014 . Our researched sales run from 2006-2014, revealing 65 sales
ranging from $425,000-$719,000, or on a per square foot of building
area running from $135/SF-$252/SF. The average and median sale price
per square foot was $201/SF and $207/SF, respectively.
The difference between the two groups, utilizing average and median
sale prices per square foot of building area, was very close,
differing by a nominal 2%-4%. Therefore, based upon these two groups
of data, it does not appear that the presence of the 130 ' monopole
had an appreciable effect on the adjacent residential community.
6
Monopole .r� '
41,
Su AW ,
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Figure 1: Birdseye View of Cherry Creek Golf Links with Monopole and
Adjacent Development
7
2) 165' Monopole at 145 Powell Avenue, Village of Southampton
A 165 ' monopole with exposed antennas at the above address was
constructed and received a certificate of occupancy from the Village of
Southampton on April 15, 2016. The structure sits on an industrial-
zoned improved parcel and is adjacent to an L.I.R.R. right-of-way. The
Suffolk County Tax Map of the parcel is 0904/9/2/22 .2 .
Opposite this monopole, along the south side of Powell Avenue, the
neighborhood is 100% residential and consists of streets comprised of
a mix of older and newer 1-family dwellings on lot sizes ranging from
roughly from 1/3 to 1 acre in land area. Due to the high demand for
building sites in the Village, many of the older, modest homes are being
razed to make way for new, luxury-market priced residences. In addition,
many of the dated but larger dwellings are being renovated or rebuilt
and selling for luxury market prices. The rebuilt or newer residences
in the neighborhood are typically selling in the $2 , 000,000 to
$3,500,000 range, and almost all contain in-ground swimming pools as an
amenity.
In this study, I focused on renovated or newer luxury-priced home
sales along Pulaski Street, 1 block south of Powell Avenue, that
generally possesses visibility of portions of the monopole due to the
165 ' height of the communications facility and the area's level
topography, but do not face industrial or commercial properties. The
Pulaski Street sales were then compared with a similar mix of home sales
farther south in the same neighborhood and Tax Map Section where the
monopole visibility becomes greatly decreased. The average and median
closing dates in each sample is close, both differing by less than two
months. The two sets of data, on a price per square foot of gross living
area (GLA) , are compared below:
Based on the below data of closed luxury-priced home sales, the
closer proximity and general visibility of portions of the 165 ' monopole
did not appear to lead to lower real property values of properties along
Pulaski Street when compared to that of properties along streets farther
south with greatly reduced visibility of said structure.
Home Sales Alona Pulaski Street Home Sales on Streets
Near 165'Monopole Date of Sale SF of GLA Farther South of 165'Monopole Date of Sale SF of GLA
70 Pulaski Street,Southampton 6/23/21 987 152 Pelletreau Street,Southampton 11/16/20 1178
79 Pulaski Street,Southampton 4/1/21 1239 24 Osborne Avenue, Southampton 11/2/20 1039
64 Pulaski Street,Southampton 3/20/21 943 175 Wooley Street,Southampton 10/15/20 892
24 Pulaski Street,Southampton 6/3/20 969 97 Pelletreau Street,Southampton 8/6/20 894
154 Pulaski Street,Southampton 8/7/19 831 148 Wooley Street,Southampton 6/18/20 1078
44 Pulaski Street,Southampton 4/19/17 814 174 Wooley Street,Southampton 9/13/19 827
32 N.Wooley St.(cor.Pulaski St.)South. 3/9/17 1107 75 Halsey Avenue,Southampton 8/20/18 928
21 Van Brunt Street,Southampton 4/28/18 922
Mean$/SF 984 Mean$/SF 970
Median$/SF 969 Median$/SF 930
. � '► � 'fir ,�'� � /�'
i10
1 1 145 PowellI and Adjacent Neighborhood to South
9
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Fi ure 3: View of 165' Monopole at Powell Ave., Southampton (C.O. 4/15/16)
- %
77
Figure 4 Visihility of Monopole Viewed Between Two Residences on Pulaski
Street, Southampton
10
Conclusions
in summary, we offer the following conclusions:
- The proposed Communications Facility is appropriate for the
Property given that the application involves the mounting of
panel antennas within a Concealment Pole, with the affixing
of a fire department whip antenna atop said structure, on a
commercial-zoned boatyard. In addition, the Concealment Pole
and landscaped Compound with associated ground equipment will
be located behind (to north) of an existing steel frame
marine storage building, adjacent to a slightly elevated LIRR
right-of-way, thereby screening said Compound from Main Road
and nearby residences.
- The proposed Communications Facility is designed to
accommodate additional wireless carriers in the future,
thereby eliminating the need for further wireless structures
in the immediate neighborhood of Mattituck.
- The Property, with its primary boatyard use, is well suited
for the Communications Facility considering other factors
and existing conditions that include proximity to an LIRR
right-of-way and adjacent commercial and marine uses. In
addition, the Property's immediate proximity to County- and
Town-owned wooded preserve land will help to screen the
Communications Facility from the nearest residential
structures to the west.
- No correlation was found between the presence of wireless
communication facilities and declining property values in
the various monopole studies we reviewed or carried out on
residential communities in Suffolk and Nassau Counties,
including the North Fork and East End of Long Island.
- Therefore, the proposed Communications Facility, under the
Special Exception standards of §280-73, §280-142 and §280-
143, meets the criteria of being situated to minimize its
proximity and visibility to residential structures,
11
boundaries and landmarks designated by Town, federal and
state agencies; that it is designed and situated to be
compatible with the nature of uses on adjacent and nearby
property; that other adequate conditions have been placed on
the Communications Facility so as to minimize any potential
impacts of the facility on adjoining properties; that the
use of the Communication Facility will not prevent the
orderly and reasonable use of adjacent properties or of
properties in adjacent use districts , and similarly of those
uses permitted and legally established in adjacent use
districts; that the Communications Facility use will be in
harmony and promote the general purposes and intent of 280-
142(D); that the use will be compatible with its
surroundings, neighborhood and community in general,
particularly with respect to visibility, scale and overall
appearance; that the Communications Facility will fit within
the character of existing and probable development of uses
in the district, and is a peculiar, suitable use within the
zoning district; and finally, that property values will be
conserved given that the Communications Facility is a most
appropriate and particularly suitable use of the land and
site.
12
ADDENDA
13
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ph2t®_2. View Looking Northeast at Property from Main Road
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Photo 3: Property Looking South from LIRR in Direction of Proposed Wireless Site
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15
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Photo 5: Associated Office& Sales Building Abutting to West of Property on Main Ave.
40
Photo 6: View of Associated Storage Lot Abutting to East of Property on Main Avenue
16
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Photo 7.: Albertson Marina Diagonally Opposite Property to Southeast along
South Side of Main Avenue
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Photo 8: County-owned Wooded Land and Wetlands Opposite Property to
South along Main Road
17
Pliot t 9: Town-owned Lands & Preserve Opposite Property to North,Abutting LIRR
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Photo 10: Nearby Residence to West at 445 Budd's Pond Road. View is of Rear of
Residence Looking Southwest from Main Road
18
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11: Shoals Motel Further East of Property along South Side of Main Road
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21
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30
CERTIFICATION
I certify that, to the best of my knowledge and belief:
1 . the statements of fact contained in this report are
true and correct.
2 . the reported analyses, opinions, and conclusions are
limited only by the reported assumptions and limiting
conditions, and are my personal, impartial, and
unbiased professional analyses, opinions, and
conclusions.
3. I have no present or prospective interest in the
Subject property or personal interest or bias with
respect to the subject matter of the report or the
parties involved. I have performed no services as an
appraiser, or in any other capacity, regarding the
subject property within the three-year period
immediately preceding the acceptance of this
assignment.
4 . my engagement in this assignment was not contingent
upon developing or reporting predetermined results.
5. my compensation for completing this assignment is not contingent
upon the development or reporting of predetermined value or
direction in value that favors the cause of the client, the
amount of the value opinion, the attainment of a stipulated
result, or the occurrence of a subsequent event directly related
to the intended use of this appraisal.
6. I made a personal inspection of the property, which is
the subject of this report, on September 26, 2023.
7 . no one provided significant professional assistance to
the person signing this report.
Michael J. Lynch
31
ASSUMPTIONS AND LIMITING CONDITIONS
This report has been made with the following general
assumptions:
1 . No responsibility is assumed for the legal description
or for matters including legal or title considerations. Title
to the property is assumed to be good and marketable unless
otherwise stated.
2 . The information furnished by others is believed to be
reliable. However, no warranty is given for its accuracy.
3. All engineering is assumed to be correct. The plot
plans, drawings, and illustrative material in this report are
included only to assist the reader in visualizing the property.
4 . It is assumed that there are no hidden or unapparent
conditions of the property, subsoil, or structures that render
it more or less valuable. No responsibility is assumed for
such conditions or for arranging for engineering studies that
may be required to discover them.
The report has been made with the following general limiting
conditions:
1 . The information contained in this report is specific to
the needs of the client and for the intended use stated in this
report. The appraiser is not responsible for the unauthorized
use of this report.
2 . Possession of this report, or a copy thereof, does not
carry with it the right of publication. It may not be used for
any purpose by any person other than the party to
whom it is addressed without the written consent of the
appraiser, and in any event only with proper written
qualification and only in its entirety.
3. The appraiser herein by reason of this appraisal is
not required to give further consultation, testimony, or be in
attendance in court with reference to the property in question
unless arrangements have been previously made.
4 . Neither all nor any part of the contents of this report
shall be disseminated to the public through advertising, public
relations, news, sales, or other media without the prior written
consent and approval of the appraiser.
32
MICHAEL_I. LYNCH
Certified N.Y.S. General Real Estate Appraiser#46-1012
QUALIFICATIONS
Real estate appraiser since 1981. President of Lynch Appraisal Ltd., located at
15 Dewey Street, Huntington,New York 11743.
Appraised various types of real property on Long Island, New York City and
Westchester County including multi-family dwellings, apartment buildings,
commercial property, factories,warehouses, R&D buildings, office buildings, large
residential estates, residential and commercial subdivisions, boat yards, and special-
use properties.
Prepared appraisals for use in estates, estate planning, feasibility studies,
condemnation proceedings, tax certiorari, and matrimonial matters.
Specialized in testimony such as special permits, area and use variances for
properties. Applications have included proposed wireless communications sites, fast
-food establishments, convalescent homes, gasoline service stations, convenience
stores, multi-family residences, new construction, etc.
Appeared as Expert Witness:
Nassau County Supreme Court.
New York Supreme Court.
Town of Babylon Zoning Board of Appeals.
Town of Babylon Planning Board.
Town of Babylon Town Board.
Town of Brookhaven Board of Zoning Appeals.
Town of Brookhaven Planning Board.
Town of Brookhaven Town Board.
Town of East Hampton Planning Board.
Town of East Hampton Zoning Board of Appeals.
Town of Huntington Zoning Board of Appeals.
Town of Huntington Planning Board.
Town of Huntington Town Board.
Town of Islip Town Board.
Town of Islip Planning Board.
Town of Islip Zoning Board of Appeals.
Town of Riverhead Planning Board.
Town of Riverhead Board of Zoning Appeals.
Town of Shelter Island Zoning Board of Appeals.
Town of Smithtown Board of Zoning Appeals.
Town of Smithtown Town Board.
LYNCH APPRAISAL LTD.
33
Appeared as Expert Witness (cont.):
Town of Southampton Planning Board.
Town of Southold Zoning Board of Appeals.
Town of Southold Planning Board.
Town of Oyster Bay Zoning Board of Appeals.
Town of Oyster Bay Town Board.
Town of North Hempstead Board of Zoning Appeals.
Town of North Hempstead Town Board.
Town of Hempstead Board of Zoning Appeals.
Town of Hempstead Town Board.
Town of Shelter Island Zoning Board of Appeals.
Village of Atlantic Beach Zoning Board of Appeals.
Village of Bayville Zoning Board of Appeals.
Village of Brookville Board of Zoning Appeals.
Village of Cedarhurst Board of Zoning Appeals.
Village of Cove Neck Zoning Board of Appeals.
Village of East Hills Zoning Board of Appeals.
Village of East Rockaway Board of Appeals.
Village of Farmingdale Board of Trustees.
Village of Farmingdale Planning Board.
Village of Floral Park Board of Trustees.
Village of Freeport Planning Board.
Village of Freeport Board of Zoning Appeals.
Village of Garden City Zoning Board of Appeals.
Village of Garden City Board of Trustees.
Village of Garden City Planning Commission.
Village of Great Neck Zoning Board of Appeals.
Village of Great Neck Plaza Board of Trustees.
Village of Great Neck Estates Zoning Board of Appeals.
Village of Hempstead Zoning Board of Appeals.
Village of Hempstead Personal Wireless Services Facilities Review Board.
Village of Island Park Zoning Board of Appeals.
Village of Lattingtown Zoning Board of Appeals.
Village of Laurel Hollow Board of Zoning Appeals
Village of Lawrence Zoning Board of Appeals.
Village of Lynbrook Board of Trustees.
Village of Lynbrook Zoning Board of Appeals.
Village of Malverne Board of Trustees.
Village of Manorhaven Board of Zoning Appeals.
Village of Massapequa Park Zoning Board of Appeals.
Village of Matinecock Zoning Board of Appeals.
Village of Mill Neck Board of Zoning Appeals.
Village of Mill Neck Planning Board.
Village of Mineola Board of Trustees.
Village of Munsey Park Board of Trustees.
LYNCH APPRAISAL LTD.
34
Appeared as Expert Witness (cont.):
Village of New Hyde Park Board of Trustees.
Village of New Hyde Park Zoning Board of Appeals.
Village of North Hills Zoning Board of Appeals.
Village of Muttontown Board of Trustees.
Village of Muttontown Board of Zoning Appeals.
Village of Old Brookville Zoning Board of Appeals.
Village of Old Westbury Board of Zoning Appeals.
Village of Oyster Bay Cove Board of Zoning Appeals.
Village of Oyster Bay Cove Board of Trustees.
Village of Oyster Bay Cove Planning Board.
Village of Port Washington North Zoning Board of Appeals.
Village of Rockville Centre Zoning Board of Appeals.
Village of Roslyn Board of Trustees.
Village of Roslyn Harbor Zoning Board of Appeals.
Village of Sands Point Board of Zoning Appeals.
Village of Sea Cliff Zoning Board of Appeals.
Village of Upper Brookville Board of Trustees.
Village of Upper Brookville Zoning Board of Appeals.
Village of Valley Stream Board of Zoning Appeals.
Village of Westbury Board of Trustees.
Village of Westbury Zoning Board of Appeals.
Village of Williston Park Board of Trustees.
Village of Williston Park Zoning Board of Appeals.
Village of Asharoken Zoning Board of Appeals.
Village of Huntington Bay Zoning Board of Appeals.
Village of Islandia Board of Trustees.
Village of Islandia Zoning Board of Appeals.
Village of Lloyd Harbor Board of Trustees.
Village of Lloyd Harbor Planning Board.
Village of Lloyd Harbor Zoning Board of Appeals.
Village of Northport Board of Zoning Appeals.
Village of Northport Board of Architectural &Historic Review.
Village of East Hampton Zoning Board of Appeals.
Village of Amityville Zoning Board of Appeals.
Village of Lindenhurst Zoning Board of Appeals.
Village of Lake Grove Zoning Board of Appeals.
Village of Bellport Board of Trustees.
Village of Patchogue Planning Board.
Village of Patchogue Zoning Board of Appeals.
Village of Port Jefferson Board of Trustees.
Village of Quogue Zoning Board of Appeals.
Village of Southampton Board of Architectural Review &Historic Preservation.
Village of Southampton Planning Board.
Village of The Branch Zoning Board of Appeals.
Village of Head of the Harbor Board of Trustees.
LYNCH APPRAISAL LTD.
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Appeared as Expert Witness (cont.):
Village of Westhampton Beach Board of Trustees.
Village of Westhampton Beach Architectural Review Board.
City of Glen Cove Planning Board.
City of Glen Cove Zoning Board of Appeals.
City of Long Beach Zoning Board of Appeals.
PARTIAL LIST OF MUNICIPAL CLIENTS
Town of Oyster Bay (Office of Town Attorney)
Town of N. Hempstead (Community Development Agency)
Village of Muttontown
Village of Centre Island
Village of Upper Brookville
Locust Valley Water District
EDUCATION
Hofstra University, Hempstead,New York: BBA - Management(1983);
MBA - Banking & Finance (1991).
TECHNICAL TRAINING
NYS Department of State
Real Estate General Appraiser Certification#46000001012, Expiration 12/21/24
ppnraisal Institute
Real Estate Appraisal Principles - Exam#lA-1.
Basic Valuation Procedures - Exam#1A-2.
Capitalization Theory and Techniques, Part A, - Exam#113-A.
Capitalization Theory and Tech. Part B, - successfully challenged Exam #113 B.
Case Studies in Real Estate Valuation- successfully challenged Exam#2-1.
Standards of Professional Practice,Part A (USPAP) - Exam#1410
Standards of Professional Practice, Part B - Exam #I1420
McKissick
7-Hour National USPAP Update Course (11/18/22)
Columbia Society of Real Estate Appraisers
Fair Housing, Fair Lending (9/12/22,9/14/22)
LYNCH APPRAISAL LTD.