Review of principals of income property appraising. Income valuation process. Neighborhood data & analysis. Site and property description. Developing an operating and expense statement. Highest and best use analysis. As vacant. As improved. Site analysis and valuation. Sales comp. Paired sale. Allocation and abstraction. Income approach. Valuation using debt service coverage ratios. Valuation of leases. Direct sales comparison approach. Units of comparison approach. Gross income multipliers. Reproduction cost new. Accrued depreciation. Final value estimate/report. Location Price Course Code Brooklyn $475 G3 Manhattan $500 G3