New York machinery and equipment appraisals.
Lukes & Lukes is an independent machinery and equipment appraisal firm that works the New York metro the way a lender needs it worked, without the New York price tag. We are not a local shop, and in this market that is the advantage. Our all-in quote, travel included, often comes in under what a Manhattan or Long Island appraiser would charge for the same USPAP-compliant, defensible report.
Why bring in an out-of-market firm
New York rates are the problem. We are the fix.
Local appraisal fees in the New York metro run among the highest in the country, because everything here does. When the equipment behind a loan, an estate or a dispute sits in Brooklyn, Long Island, Newark or the lower Hudson Valley, you do not have to pay a Manhattan rate to get a defensible number. We price the work on Midwest overhead and quote it all in, travel included, and it regularly lands under a local bid for the same report.
When a job justifies the trip, we come to you and inspect the assets ourselves. When it does not, we deploy a certified machinery and equipment appraiser already on the ground in your market to handle the inspection, and we write and sign the report to USPAP. Either way you get one standard, one report format, and a number that holds up in credit review and with examiners.
What the New York metro runs on
- Medical and imaging equipment: the hospital systems, imaging centers, surgical suites and labs that anchor the region's healthcare economy.
- Food and beverage processing: commercial bakeries, commissaries, breweries and packaged-food lines across the outer boroughs and New Jersey.
- Printing and packaging: commercial print, label and converting plants that still cluster around the metro.
- Fabrication and precision machining: the job shops and metalworking suppliers on Long Island and in northern New Jersey.
- Distribution and material handling: the warehouses, cold storage and logistics fleets that move goods through the port and the boroughs.
- Automotive: dealership service departments, collision centers and fleets across the metro.
Food, freight and the Yard
Where the metro's equipment actually sits.
The Hunts Point Food Distribution Center in the Bronx is the largest food distribution center in the United States: 329 acres of produce, meat and fish markets, wholesalers and processors moving about 4.5 billion pounds of food a year. Across the harbor, the Port of New York and New Jersey is the East Coast's largest seaport. In Brooklyn, the 300-acre Navy Yard houses more than 550 businesses, with manufacturing at its core alongside design, production and film and media.
That mix produces a particular kind of equipment file. Refrigeration plants, cold-storage racking and stainless processing lines at a distribution or processing site carry values that turn on installation cost and on whether the system can be moved. Port and warehouse operations run on lift trucks, yard tractors and conveyor systems, where fleet condition and hours drive the value. Light manufacturing in a multi-tenant building is usually valued in place, and a lender also needs to know what the same assets bring once removed.
We value food processing equipment, material handling fleets and fabrication equipment in one coordinated report, and we state fair market value and orderly liquidation value side by side when a collateral file calls for both.
How we cover New York
The five boroughs, Long Island, and across the river.
We inspect on site across Manhattan, Brooklyn, Queens, the Bronx and Staten Island, out to Long Island, up into Westchester and the lower Hudson Valley, and across the river through Newark, Jersey City and northern New Jersey. When the schedule or the fee calls for it, a certified machinery and equipment appraiser already working the metro handles the physical inspection and we prepare and sign the report. For single assets or well-documented equipment lists, a desktop appraisal can resolve the file without a site visit at all.
Which value applies
The right premise for the situation.
The same equipment carries different numbers depending on why you need the appraisal. We determine and defend the premise your situation requires.
Common questions
Answers, up front.
You are not based in New York. Why is that better?
Because New York appraisal rates carry New York overhead. We are an independent nationwide firm that prices on Midwest overhead and quotes all in, with travel included. For the same USPAP-compliant report, our number often comes in under a local New York bid.
Who inspects the equipment in the New York metro?
When a job justifies the trip, we travel in and inspect it ourselves. When it does not, we deploy a certified machinery and equipment appraiser already on the ground in the metro to perform the inspection, and we prepare and sign the USPAP-compliant report. You get one appraiser of record and one standard either way.
Will New York lenders and the SBA accept your reports?
Yes. Reports are USPAP-compliant, prepared by a NEBB-certified Machinery & Equipment Appraiser (CMEA), and built to withstand lender, SBA, IRS, audit and legal review anywhere in the country.
Can you cover collateral outside the metro too?
Yes. The firm works nationwide. A New York lender or attorney with equipment in several states can keep one appraiser, one standard and one report format across the whole portfolio.
Do you charge separately for travel to New York?
No. Travel sits inside the quoted fee. A New York assignment often crosses into New Jersey or out onto Long Island, and that does not change the number you approved. No mileage, tolls, airfare or per diem lines.
Can you appraise refrigeration and cold-storage equipment at a New York food distribution site?
Yes. We value refrigeration plants, blast freezers, cold-storage racking, stainless processing lines and the lift fleets that serve them. Installed cost, the age of the refrigeration system and the expense of removal all bear on the value, and the report states whether each unit is valued in place or for removal.
More markets
We also serve Chicago, Los Angeles and San Francisco Bay Area, and the rest of the country from our Minnesota base. See all markets we serve.
Ready when you are