MERRELL NYS COST MANUAL by BILL C. MERRELL, Ph.D. effective through 6-15-16 

New York State Cost Manual for Appraisers  Updated ---Valid until 6-15-16 -- This cost manual is only for New York State. All rights reserved. Fifteen years to date in operation for this statistical web site for my appraisal students. I am pleased to make this available to my licensed and certified Appraisal Students in New York State at no cost to the NYS Appraiser who is a student of mine. There is no cost for my students to use this data service.

Multiplier Section as follows: 

(You may print this and reference it!-not for resale- for educational use only!)

As we know there are differences in costs throughout the State of New York- This is a reference guide which has been derived by a sampling of buildings throughout New York State. The information is believed reliable, however is subject to strict interpretation as to knowledge of the neighborhood, style and quality of the home being appraised. We recommend you use this in conjunction with a second data source to compare both figures to calculate the replacement cost of the subject you are appraising. When using the figures in this guide- multiply the figure by this multiplier based upon the county you are appraising as follows:  RESIDENTIAL FIGURES ONLY!!)

NASSAU- 108%                SUFFOLK- 109%

QUEENS- 102%                BRONX- 101%

BROOKLYN- 103%          MANHATTAN- 115%

YONKERS- 104%             ORANGE- .975%

WESTCHESTER- 104% SOUTHERN;  101% IN NORTHERN

STATEN ISLAND- 105%

ROCKLAND- 98%              PUTNAM- 97%

REMOTE LOCATION ADD 10.5%, FLOOD ZONE ADD 6.5%, DETACHED GARAGES- ADD 3.5% TO GARAGE VALUE

------------------------------------------------------------------------------------------------------------------------------------

-------------------------PROPERTY CLASSIFICATION-------------

A GROUP PROPERTIES EXCELLENT- SUPERIOR QUALITY

B GROUP- GOOD QUALITY

C GROUP- AVERAGE QUALITY

D GROUP- AFFORDABLE HOUSING QUALITY

E GROUP- OLDER HABITABLE HOME WITH NEED OF RENOVATION

-----------------------------------------------------------------------------------------------------------------------------------------

EACH SECTION IS LISTED WITH PRICES FOR THIS GEOGRAPHIC REGION

---------------------------------A GROUP HOMES---------------------------

LIVING AREA  COST PER SQUARE FOOT  106-152

AVERAGE   129

GARAGE AREA  COST PER SQUARE FOOT  51-72

AVERAGE  60

BASEMENT  COST PER SQUARE FOOT  11-22

AVERAGE  15

---------------------------------B GROUP HOMES---------------------------

LIVING AREA  COST PER SQUARE FOOT  88-127

AVERAGE   101

GARAGE AREA  COST PER SQUARE FOOT  37-57

AVERAGE  53

BASEMENT  COST PER SQUARE FOOT  9-17

AVERAGE  12

---------------------------------C GROUP HOMES---------------------------

LIVING AREA  COST PER SQUARE FOOT  74-106

AVERAGE   86

GARAGE AREA  COST PER SQUARE FOOT  30-46

AVERAGE  40

BASEMENT  COST PER SQUARE FOOT  7-11

AVERAGE  10

---------------------------------D GROUP HOMES---------------------------

LIVING AREA  COST PER SQUARE FOOT  67-97

AVERAGE   82

GARAGE AREA  COST PER SQUARE FOOT  24-42

AVERAGE  33

BASEMENT  COST PER SQUARE FOOT  6-11

AVERAGE  7

---------------------------------E GROUP HOMES---------------------------

LIVING AREA  COST PER SQUARE FOOT  58-84

AVERAGE   77

GARAGE AREA  COST PER SQUARE FOOT  20-37

AVERAGE  26

BASEMENT  COST PER SQUARE FOOT  5-10

AVERAGE  7 WITH CONCRETE   4 WITH NO POURED FLOOR ie.-DIRT FLOOR

----------------------------------------------------------------------------------------------------------------

other web sites of interest you may wish to visit-

Started Compiling Data in 2000 ~ Updated Annually for Appraisers who are students of the Merrell Institute Only

Only Students of Bill C. Merrell, Ph.D. may use this data free of  charge

COPYRIGHT Bill C. Merrell, Ph.D.- ALL RIGHTS RESERVED-

www.merrellinstitute.com

www.merrelleducation.com

www.merrellindustries.com

http://merrellinstitute.fastclass.com