Michael Vargas

Principal/ Co-Founder

212.546.1072

mvargas@vanderbiltappraisal.com

 ​​Background

Mr. Vargas has over 25 years of diversified real estate experience with a focus on the appraisal and valuation of real estate in the NY Metropolitan Area. Mr. Vargas is recognized as one of the most experienced professionals in the appraisal of New York area cooperative and condominium housing; and luxury, mansion, complex type residential real estate. Since forming Vanderbilt Appraisal Company in 2003, Mr. Vargas has been engaged to perform appraisal services for some of the area’s most valuable, prestigious, high-dollar value residential properties in Manhattan and the Outer-Boroughs; Westchester County and the Hudson Valley region; the Catskills region; Long Island and the Hamptons; and suburban New Jersey spanning from Bergen County to the Jersey Shore.

 

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. In 2003, Mr. Vargas, in association with Terra Holdings, formed Vanderbilt Appraisal Company, LLC which quickly became one of the regions premier appraisal firms in the New York, New Jersey and Connecticut area. 

Appraisal Experience
  

Mr. Vargas has performed or reviewed thousands of appraisal assignments including condominiums; cooperatives; single-family; multi-family housing; apartment buildings; development sites; mixed-use properties; medical/professional offices; retail spaces; office buildings; warehouses; feasibility studies and conversions within the Metropolitan/Tri-State Area. Mr. Vargas has consulted with many high profile clients, accounting firms, law firms and prominent lending institutions regarding real estate holdings.

 

Mr. Vargas has been qualified as an expert witness on numerous court cases and has completed testimony in New York County, Queens County and Kings County Supreme Court; Surrogate’s Court Suffolk County and the U.S. District Court Southern District.

Education

 

Cornell University  Ithaca, New York                                                        

1987-1991

              

Real Estate Institute, NYU                                                                          

1993-Current

Appraisal Institute                                                                                       

1993-Current

 

​Current Licenses

 

New York State Certified Residential Real Estate Appraiser

Certification      # 45000026321

Expiration          May 6, 2020

 

​New Jersey State Certified Residential Real Estate Appraiser

Certification      # 42RC00156600

Expiration          December 31, 2019

 

Memberships:

 

Member of The National Association of Realtors; Member, Bergen County Board of Realtors; Member, The Real Estate Board of New York; Member, Westchester Board of Realtors

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