REAL ESTATE CONSULTING - COMMERCIAL REAL ESTATE APPRAISAL - APPRAISAL SERVICES

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commercial real estate appraisal
1989 SVS is founded as "Smith Valuation Services." Employees work out of two small offices on 86 Lehigh Street in Williston Park.

1990 SVS moves to its current location at 27 East Jericho Turnpike in Mineola and starts to take on trainee appraisers and outside fee contractors.

1991 The firm creates a DBA known as Smith & Salerno Valuation Services (SVS) and further expands.

1992 SVS acquires John MacCrate Jr. Associates, Inc., with an eye on its key employee base in Andrew Albro and Neal Peysner.

1993 SVS enters the Small Claims Assessment Review (SCAR) arena, providing Nassau County with more than 125,000 SCAR proceedings to date.

1999 SVS is retained to complete the revaluation of the City of Glen Cove, which has more than 7,500 parcels. The project was completed by the middle of 2001.

2002 SVS is instrumental in the completion of the Nassau County Revaluation, a seven-year project that encompasses more than 450,000 parcels. Neal Peysner is one of the major residential managers on the project.

2002 Andrew Albro establishes SVS's condemnation valuation practice group, serving NYSDOT, local municipalities and property owners. By 2008, the group has completed more than 450 appraisals for eminent domain procedures for major transportation and urban renewal projects throughout Long Island and New York City.

2004 SVS adds more Villages to their municipal client list for assessment consulting: Mineola, New Hyde Park, East Williston, Baxter Estates, Williston Park, Roslyn, Westbury and more. Neal Peysner and Matthew Smith are now recognized as experts in this area.

2005 SVS is retained by the Nassau County Department of Real Estate for valuation and consulting services, assisting in an evaluation of the sale and rental of surplus properties as well as Nassau County's open space land preservation program.

2005 Sister company Smith & DeGroat Commercial Real Estate has a change in ownership, and Edward Drake becomes a partner in the firm. Red Door Real Estate, a boutique residential real estate company, is also formed.

2005 Andrew Albro, MAI becomes an equity partner in the firm, and SVS changes its name to Standard Valuation Service. The firm is now one the largest and most diverse on Long Island, with substantial commercial and residential staffs.

2006-7 SVS is contracted for the revaluation of three Villages: Mineola, Lake Success and Sea Cliff. All appraisals are completed by the beginning of 2008.

2008 SVS is retained to appraise one of the most complex and high profile properties on Long Island: The Roosevelt Field Mall. SVS's expert team prepares a thoroughly documented appraisal within less than four months, with Andrew Albro serving as lead expert witness and providing compelling testimony.

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REAL ESTATE CONSULTING - COMMERCIAL REAL ESTATE APPRAISAL - APPRAISAL SERVICES