About Michael
Mr. Vargas has over 17 years of diversified real estate experience with the past 15 years focusing on the appraisal of real estate in the Metropolitan Area. In particular, Mr. Vargas is recognized as one of the most experienced professionals in the appraisal of Luxury, Complex residential real estate including cooperatives, condominiums, single-family residences, and small income properties. Mr. Vargas received his initial appraisal training while in the employ of a large California-based lending institution, Home Savings of America. In 1995, he joined the Manhattan-based firm of Mitchell, Maxwell & Jackson. Mr. Vargas later joined Cushman & Wakefield, Inc. as the principal residential appraiser and director of Residential Valuation Services (RVS). In 2003, Mr. Vargas and partner Andrew Fautley formed Vanderbilt Appraisal Company, LLC, a regional appraisal and appraisal management firm specializing in residential and commercial property in New York, New Jersey, Connecticut and South Florida.
Michael Vargas, Principal/Co-Founder Vanderbilt Appraisal Company, LLC
Appraisal Experience
Mr. Vargas has performed or reviewed in excess of 20,000 appraisal assignments including condominiums, cooperatives, single-family & multi-family housing, development rights, mixed-use properties, medical/professional offices and residential feasibility and conversion analysis within the Metropolitan/Tri-State Area since 1993. Mr. Vargas has consulted with many high profile clients, law firms and prominent lending institutions regarding real estate holdings. Mr. Vargas has experience as an expert witness having completed many depositions and recent testimony in Surrogates Court, Suffolk County as well as the U.S. District Court Southern District.
Education
Education
Cornell University
Ithaca, New York
Bachelor of Arts (History)
Real Estate Institute, NYU
Appraisal Principles (R1)
Appraisal Procedures (R2)
Standards & Ethics, Part A
Basic Income Capitalization (G1)
Case Study of Investment Property Valuation
Arbitration of Real Estate Valuation Disputes
Converting Rental Properties
Appraisal Institute
Applied Residential Valuation (R3)
New York Chapter
Intro to Small Income Property (R4)
Case Studies in Hotel Valuation
Appraising from Blueprints and Specs
Residential Design & Functional Utility
7 Hour National USPAP 2005 & 2007
Business Practices & Ethics
Apartment Appraisal, Concepts & Apps
Eminent Domain & Condemnation
Real Estate Finance, Statistics & Modeling
Appraising Convenience Stores
Licensing
Current Licenses
New York State Certified Residential Real Estate Appraiser
Certification # 45000026321
Expiration May 6, 2010
New Jersey State Certified Residential Real Estate Appraiser
Certification # 42RC00156600
Expiration December 31, 2009
Memberships: Associate Member, The Appraisal Institute, Associate Member,
The American Society of Appraisers Member, The National
Association of Realtors Member, Bergen County Board of
Realtors Member, The Real Estate Board of New York
