Richard J. DiGeronimo
Richard J. DiGeronimo
President & Founder
Richard J. DiGeronimo, MAI, SRPA, AI-GRS is President and Founder of R.D. Geronimo Ltd. (1985), a multifaceted organization providing professional real estate advisory services on a regional basis. These services include real estate appraising, consulting, marketing and feasibility studies, expert testimony and litigation support, which is augmented by a trained staff and a network of consultants and resources. Our corporate office is located in Mineola, New York.
National clients include a broad spectrum of financial institutions, law and accounting firms, pension funds, real estate developers, owners and investors, nonprofit and governmental agencies, and Fortune 500 companies.
Richard J. DiGeronimo began his appraisal career in the year 1971 for a national New York based appraisal firm. Upon his departure in 1985, he was instrumental in the establishment of various office locations (Long Island, Manhattan, Chicago, and Florida), staff training, and new business resources which exceeded $3.5 million in yearly gross earnings.
During 1983-1985, Richard DiGeronimo co-founded and served as a principal of a National Real Estate Financial Brokerage Company known as Real Estate Investment Services (REIS) with offices in Chicago and New York. This company was actively involved with placing over $200 million of mortgage financing during its short period of operation. Subsequent to this endeavor, Mr. DiGeronimo formed R.D. Investment Services, Inc. with offices in New York City and Mineola for the purpose of providing selective mortgage placements and property brokerage on a national level. The primary focus of R.D. Investment Services, Inc. was to provide a full range of real estate related services for its existing client base as established by R.D. Geronimo Ltd.
Since 1985, Richard DiGeronimo has served as president and founder of R. D. Geronimo Ltd. and a director of RDNYC Corp. His primary focus in this capacity is providing real estate appraisal and advisory services to a broad spectrum of clients on a local and regional basis.
Richard DiGeronimo is certified as a Real Estate General Appraiser for the States of New York (License No. 46000008238), New Jersey (License No. RG01562) and Connecticut (License No. 385).
Mr. DiGeronimo's appraisal background covers a broad spectrum of Real Property interests and asset valuations, with the largest single property valuation in excess of $400,000,000 and portfolio valuations in excess of $1 billion. Mr. DiGeronimo's areas of concentration are in the fields of investment analyses, estate tax and gift valuations, depreciation allocations, low and moderate income housing and investment tax credits, investment and cash flow analyses, hotel and resort properties, mobile/manufactured home parks, ACLF's market and investment surveys, adult and elderly housing, condominium and cooperative valuations, in addition to his regional real estate consulting and appraisal practice.
Mr. DiGeronimo holds the following designations from these real estate appraisal organizations: The Appraisal Institute (MAI), The Society of Real Estate of Appraisers (SRPA), The Prestigious AI-GRS Membership Designation, and The National Association of Review Appraisers (CRA). Affiliated memberships include: The American Right of Way Association, Urban Land Institute, Mortgage Bankers Association of New York, National Trust for Historic Preservation, Real Estate Board of New York, Long Island Board of Realtors, FIABCI – International Real Estate Federation, and National Multi Housing Council. Mr. DiGeronimo was previously appointed to the Panel of Arbitrators by the American Arbitration Association.
His real estate articles have appeared in Mortgage Banking, The Tax Shelter Digest, Appraisal Journal, Newsday, New York Times, Real Estate Review Journal, and Real Estate Forum. The more notable articles include: "Real Estate Syndication’s: Sheltering Your Income", published in Mortgage Banking, September 1982 issue; "Appraisal Techniques Government Assisted Housing" prepared for the Coalition for Low and Moderate Income Housing, April 21, 1983; "Market Value An Analytical Approach", published in the Appraisal Review Journal, Volume 7, Number 2, Fall 1984; "Appraisers Must Meet Standards", Newsday, Tuesday, October 21, 1986; "Elderly Population Boom Inviting Realty Ventures", Real Estate Forum, February 1988 issue; "'Mobile'/Manufactured Home Park Valuations", Northeast Manufactured Housing Association, Expo 1989; "Houston Offers Solid Values Based on Long Term Picture", Real Estate Forum, February 1989 issue; "A Solution to Affordable Housing: Manufactured Homes", The Real Estate Appraiser & Analyst, Winter 1989 issue; and "Case Study/Appraisal Solution: Mobile/Manufactured Home Park Valuations", NAIFA The Appraisal Review, Volume 42, 1990. More recent articles published in the New York Real Estate Journal include “Long Island Economic and Investment Outlook – Trends and New Developments to Watch” published in September 2004, “ Ahead of the Curve – Differentiation is a Key to our Success” published in December 2004, “Where are we heading? A negative yield curve = recession, will history repeat itself?” published in August 2006, "Real estate valuation in uncertain times: Is the worst really over yet?" published in October 2009, "How to expand your business base during the global recession and prevailing financial crisis" published in March 2009, "Where are we heading? Or will we need to wait until 2011/12 to find out?" published in March 2010 and “History in the making or simply repeating itself? A look at our Country's financial past" published in December 2010. Published in February, 2012 “Appraising the appraisal and looking forward into 2012 – Market volatile or stable?
Mr. DiGeronimo has instructed and lectured for such real estate institutions as the National Association of Independent Fee Appraisers, The Society of Real Estate Appraisers, LIBOR Appraisal Division, Suffolk County Board of Realtors, Century 21, National Coalition of Low and Moderate Income Housing, New England Manufactured Housing Association, the Appraisal Institute, and the New York State Society of CPA's. He has also taught as an appraisal instructor for the Department of State, State of New York Continuing Education Program, The Society of Real Estate Appraisers, and The National Association of Independent Fee Appraisers, in addition to sponsoring various education seminars on behalf of these organizations. He is a guest lecturer at New York University and Stony Brook University College of Business.
His appraisal affiliations have included the positions of Treasurer, Vice President and President (1980) for the Long Island Board of Realtors Appraisal Division. He has also served on the Board of Directors for the Long Island Chapter #201, of the Society of Real Estate Appraisers (1978-1981), and the Nassau Suffolk Chapter of The National Association of Independent Fee Appraisers (1976-1980).
Mr. DiGeronimo has qualified as an expert witness in the Federal and Supreme Courts of New York and New Jersey, as well as the U.S. Tax Courts of Washington, D.C. He has also testified in the U.S. Bankruptcy Courts of Wilmington, Delaware; Eastern and Southern Districts, Brooklyn, New York; Nassau and Suffolk Counties, New York; Central District of California; District of Massachusetts, Springfield Division; District of Connecticut, Bridgeport Division; and the District of Maryland, Rockville Division. Mr. DiGeronimo has extensive experience in tax certiorari and condemnation valuations and their respective proceedings.
Special type properties or unique assignments include: air and development rights evaluations, distilleries and processing plants, beach and waterfront properties, piers, docks, and wetlands evaluations, easements and historic preservation donations, hospitals and medical centers, nursing, congregate limited care and assisted living facilities, amusement and recreational properties, time sharing and resort facilities, mobile/manufactured home parks, hotel and hotel condominium valuations, Tel Star tracking stations, mining and mineral rights, regional and community shopping malls, gasoline service stations, schools and institutional property appraisals, and varied court testimony.
Richard J. DiGeronimo is a graduate of the State University of New York at Stony Brook (BA). He is also a licensed New York State Real Estate Broker. Richard serves on the Executive Board of Directors of the Real Estate Institute at Stony Brook University College of Business (REI-www.reisb.org) and was recently elected as Vice Chairperson. He is also a member of the Long Island Real Estate Group (LIREG- www.lireg.org).
R.D. GERONIMO LTD.
158 Third Street
Mineola, New York 11501
Tel: (516) 294-8600
Fax: (516) 294-8804