Appraisal of Single-family Homes, Condominiums, Cooperatives Federal Appraisal has been appraising Single-family Homes, Two to Four Family Housing, Condominiums, and Cooperatives for 36 years. From estates to townhomes, suburban homes to condos and coops, properties amid blight and urban renewal to urban, suburban, and rural housing, Federal Appraisal, LLC appraises housing. We appraise for the financing, feasibility, development, and construction through all aspects of operations, and then divestment, re-positioning, redevelopment, and sometimes bankruptcy. Since we specialize in complex appraisal issues, many of our residential assignments involve estates, gift taxes, condemnation, disputes, and litigation. As a national appraisal company, we have appraised homes in many of the major markets in the United States. We specialize in portfolio valuations, and appraisals for accounting, tax, and legal purposes for all types of housing including but not limited to: single-family to four family housing luxury rental, condo, or coops in CBDs Duplexes to townhouses feasibility, planning, zoning, financing, market studies HUD rent studies (RCSs) Subdivisions, single-family homes, townhouses, and/or planned developments Our clients utilize our appraisals and advice for numerous purposes, including: financing, development, feasibility, marketing investing due diligence; equity and debt tax management; property taxes, income taxes, sales, and transfer taxes gift and estate planning litigation tax and investor reporting, IRS, depreciation, cost segregation, purchase price allocation, ASC 805 acquisition or disposition due diligence

Hotels, Resorts, Casinos, Restaurants, and Hospitality Properties Appraising hospitality assets requires many special appraisal skills. There is a great variety of hospitality assets. These assets include a combination of business intangibles, personal property and real property. Federal Appraisal is specifically qualified with its unusual mix of cross appraisal disciplines. Federal Appraisal has business, real and personal property appraisal experts. We have designated business and personal property appraisers, and we have designated and state certified (licensed) real property appraisers, all with years of experience working on hospitality. We appraise: hotels (all types) restaurant (all types) casinos resorts Our appraisals are utilized for: development, feasibility or market studies financing tax and investor reporting, IRS, depreciation, cost segregation, purchase price allocation, ASC 805 property tax assessment and appeals gift and estate tax acquisition or disposition due diligence

Shopping Centers, Malls, and Retail Properties Federal Appraisal frequently appraises retail properties: Locally In the tri-state area Nationally Internationally for various reasons, including but not limited to: Financing property tax estate and gift tax purchase price allocation and cost segregation litigation whether the retail is: an enclosed or open mall a super-regional or local mall a new big box or an old mixed-use building fee simple, leased fee, leasehold planned, existing, or needing repositioning

Industrial Buildings, Factories, Warehouses, Manufacturing Buildings Sometimes simple to appraise, the trick with industrial property appraisal is to first recognize when its complex. For example, warehouses and distribution buildings can be simple, but R&D and flex space add appraisal complexities. Special purpose built factories and manufacturing buildings can become very complex with special real estate improvements and integrated personal property (machinery, equipment, and fixtures). Further adding to appraisal complexity is addressing whether the asset is owner occupied or leased, or could be leased, and whether there is expansion potential. Lastly, many complex industrial buildings suffer from functional or economic obsolescence as they age. Federal Appraisal is uniquely qualified to appraise these complex issues.