Appraisal Services Support for Real Estate Activities – New York State

• Acquisition of owned or leased property
• Lease renewals and rental analysis
• Disposal of owned property
• Easements and rights-of-way
• Property tax reduction initiatives
• Outleasing and subleasing activities
• Litigation and condemnation support

The prospective requirement seeks firms capable of providing accurate, independent, and unbiased commercial real estate appraisal services in compliance with applicable professional standards, including:

• Uniform Standards of Professional Appraisal Practice (USPAP)
• Uniform Appraisal Standards for Federal Land Acquisitions
• Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), where applicable

Potential appraisal services may include, but are not limited to:

• Market Value Appraisal Reports
• Market Rental Appraisal Reports
• GSA Rent Studies
• Litigation Appraisals (“Yellow Book” Standard)

Interested firms should demonstrate experience and capability performing commercial real estate appraisals throughout New York State and possess familiarity with regional market conditions, urban and rural property valuation considerations, and state-specific regulatory environments. All appraisers engaged by the Postal Service to produce an appraisal report must hold a Certified General Appraiser license in the state where the subject property is located. The appraiser selected for an assignment should, at a minimum, have five (5) years of experience as a commercial real estate appraiser and be competent to perform the assignment, in conformity with the Competency Rule of USPAP. It is desirable, but not required, that the appraiser holds a MAI designation from the Appraisal Institute; however, an appraiser will not be excluded from consideration due to the lack of the MAI designation. In addition, appraisers must be independent of the transaction, with neither direct nor indirect interest, financial or otherwise, and not subject to external or internal influence.

This Sources Sought notice is issued solely for market research and acquisition planning purposes and does not constitute a solicitation, request for proposal, or commitment by USPS to award a contract. Responses received will assist USPS in determining the availability of qualified sources and the appropriate acquisition strategy for future appraisal services requirements within New York State.

Respondents must submit an Executive Summary of Qualifications not to exceed 2 pages to [email protected].

When responding put “Appraisal Services Support for Real Estate Activities – New York State” in the subject line. The Postal Service will provide confirmation of RFI response submissions within one business day of receipt.