Kenneth H. Lippe, SRA

    For the past 28 years, Kenneth H. Lippe, SRA, has been engaged in the appraisal of single family residences, small residential income properties, condominiums, cooperative apartments, mixed use, and income producing properties.  The concentration of the reports have been in the New York Metropolitan Area (encompassing the five Boroughs, Brooklyn (Kings County), Queens, Bronx, Manhattan (NY County), and Staten Island (Richmond County), Nassau, Suffolk, and Westchester Counties. 

    The types of properties appraised include urban brownstones, luxury multi-million dollar apartments, multi-acre estates, modest tract houses, exclusive "Hampton" beach front properties, multi-family apartment buildings, and mixed use buildings which include primarily commercial stores with apartments above.  The purpose of the appraisals has been mostly for mortgage financing purposes however over the years Mr. Lippe has been contacted by many Attorneys and Accountants, who are in need of appraisal reports for either estates or financial planning.   In addition he has appeared as an Expert Witness in matromonial cases before the N.Y. State Supreme Court.  In addition, Mr. Lippe has prepared replacement cost appraisals utilized in conjuction with Bankruptcy Proceedings, Foreclosures, Property Tax Reductions, and for the removal of PMI Insurance.

    Mr. Lippe was president of the Greater N.Y. Chapter of the Appraisal Institute in 1991.   This was a monumental year in Appraising, as during his term many changes were occurring within the industry.   The F.I.R.R.E.A. regulations of the late 1980's brought on the onset of the licensing/certification of appraisers.  If this wasn't enough of a task, the two major trade groups in the industry (The Society of Real Estate Appraisers and the American Institute of Appraisers), were in the midst of a merger.   This merger promulgated the subsequent merger of the local individual Chapters, The Greater NY Chapter with the current N.Y. Metropolitan Chapter of the Appraisal Institute.  Mr. Lippe holds the SRA Designation with the Appraisal Institute which he earned in 1982.