CASE STUDY:

Tuxedo Park School

Tuxedo Park School requested an Acquisition Property Condition Report (herein referred to as APCR) to assess three buildings, ranging in size from one to three stories, totaling approximately 70,927-gross square feet and 64,037-net rentable square feet. EBI performed facility condition assessments to suggest repair or maintenance on items considered customary for the property to continue in its current operation, compared to properties of similar age and condition, and assisted Tuxedo Park School in its due diligence efforts in evaluating the property.

Tuxedo Park School

The APCR was performed utilizing methods and procedures consistent with established commercial practices, that follow guidelines set forth from the ASTM E 2018 – 15 Scope of Work. EBI assessed the Subject Property via visual observations in the field, municipal information reasonably obtained, information provided by the Tuxedo Park School, and/or a review of readily available and supplied drawings and documents. Items of assessment included but were not limited to the following: site conditions, structures, building envelope, building interiors, accessibility, building systems, municipalities, and hazards.

EBI provided an in-depth itemized breakdown for the items of assessment, which reported suggestions for repairs (both immediate and short-term), and replacement reserves. The cost estimates provided were based on data obtained from Tuxedo Park School for items already planned, quotes from contractors, EBI’s in-house Acquisition database costs, EBI’s experience with costs and estimates for similar issues, property and building types, city cost indexes, and assumptions regarding future economic conditions.

Services Provided



  • Acquisition Property Condition Report

Project Team

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