Building trust since 1972.
Company History
For nearly 50 years, Northeastern Appraisal Commercial has provided quality commercial real estate appraisals for clients in New York State and beyond.
In 1990, the company was acquired by Michael Gluc, an experienced appraiser with the MAI designation by the Appraisal Institute®. Over the past three decades, Northeastern has strategically grown by focusing on productive relationships and prioritizing quality over quantity of work. In 2017, Michael’s sons, Christopher and Andrew, joined the ownership team, positioning the company for the next generation of success.
Service Areas
Appraisal
reports
We have extensive experience conducting commercial real estate appraisals on behalf of financial institutions, municipalities, and private clients. Learn more about the types of properties we appraise.
Rental
reports
Our market rent studies consider current trends and similar properties to determine the appropriate price-point for your rental property.
Feasibility
and
consulting
Our team has a proven track record working with developers and investors to evaluate a commercial real estate project’s feasibility.
Expert
testimony
Bring in our MAI-designated appraiser to provide expert testimony for litigation and business valuation court disputes.
Types of commercial properties we appraise.
Commercial buildings come in all shapes, sizes, locations, and conditions. At NEAC, we understand the nuances and challenges of appraising a wide range of properties.
Whether you routinely request commercial appraisals or are new to the process, you need a professional you can trust. Numerous factors determine a property’s value – and how information is researched and interpreted can impact the result. At NEAC, we’ve fine-tuned our process to go above and beyond common industry practices.
Apartments
Retail businesses
Vacant land
Subdivision development
Restaurants
Professional/medical offices
Manufacturing
More
Who we work with.
Northeastern partners with a wide range of clients, and we tailor our services to meet your unique objectives and requirements.
Financial institutions
- National lenders
- Local lenders
Real estate institutions
- Investors
- Developers
- Agents/brokers
- Commercial owners
Other professionals
- Attorneys
- Accountants
Core values.
Our company, work, and business relationships are guided by these core values.
Dependable
We understand that our clients rely on us to get the job done to make informed decisions and move forward with their business or personal plans. We do not take that responsibility lightly and strive to be a dependable partner in every opportunity.
Credible
Despite industry standards, there’s always a level of subjectivity when it comes to appraising commercial properties. We’ve built a reputation for delivering accurate reports that are well-written and backed by reliable data.
Responsive
We aim to provide a level of personal attention that is often absent in commercial appraising. Communication is key to ensure that you’re getting the information you need (not more or less) and that we meet your pressing deadlines.
Leadership team.
At NEAC, our partners are heavily involved in client projects and provide leadership to our broader team.
Michael Gluc, MAI
President
Michael Gluc has more than 30 years of real estate appraisal experience and has served as president of NEAC since 1990. A member of the Appraisal Institute®, he earned the prestigious MIA designation – the industry’s premier certification. Michael has contributed to commercial projects around the country and has provided expert witness testimony regarding real estate evaluation in New York State and New Jersey.
His territory includes Alabama, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Mississippi, Nevada, New York, North Carolina, Ohio, Pennsylvania, Texas, and Virginia.
Certifications:
- Certified New York State General Real Estate Appraiser, ID#46-4723
- Certified New York State Department of Transportation General Real Estate Appraiser
- MAI Member #9820
Christopher Gluc
Vice President
Christopher Gluc has over a decade of experience in real estate appraisals and has been a member of the NEAC team since 2008. He earned both his MBA and B.S. in Business Management from D’Youville College. His current professional territory includes New York State and Pennsylvania.
Certifications:
- Certified New York State General Real Estate Appraiser, ID#46-52524
Andrew Gluc
Vice President
Andrew Gluc brings five years of real estate appraisal experience to NEAC and our clients. He holds an MBA from Niagara University and a B.S. in Finance from the same institution. His professional territory includes New York State and Pennsylvania.
Certifications:
- Certified New York State General Real Estate Appraiser, ID#48-52541
Contact Us
Request a quote or more information about Northeastern Appraisal Commercial.