Sencer Appraisal Associates

Sencer Appraisal Associates is an American machinery and equipment appraisal firm whose formal appraisal practice dates to 1955, though the Sencer family's involvement in the machinery and equipment industry reaches back to the 1930s. In that decade, Philip Sencer worked as an auctioneer in New York City and gradually expanded into machinery and equipment appraisals. His son, Richard Sencer, continued the family's work through Tunnel Machinery Exchange in Lower Manhattan and in 1955 began providing machinery and equipment appraisals alongside the company's machinery sales operations. In 1981, Bernard Sencer, Richard's son and the third generation of Sencer appraisers, joined the firm after a career in the financial industry, and under his leadership the company broadened its appraisal practice across industries and geographic regions. The firm describes itself as having grown from a regional appraisal practice into a national machinery and equipment valuation firm. Today it provides machinery and equipment appraisal services throughout the United States and globally, supported by offices on both the East and West Coasts and a network of experienced associates. Its reports are relied on by the IRS, lenders and the SBA, the USDA, the courts, and for financial reporting under U.S. GAAP and International Valuation Standards. Sencer Appraisal Associates positions itself around independence, professional integrity, market-based analysis, and credible, defensible valuation services. Its appraisers are ASA-accredited, and its work is prepared in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), International Valuation Standards (IVS), U.S. GAAP Accounting Standards Codification (ASC) requirements, and International Financial Reporting Standards (IFRS). The firm serves business owners, lenders, attorneys, CPAs, and executors, and handles engagements including financial reporting, litigation and expert witness work, asset-based lending and collateral reports, and mergers, acquisitions and buy-sell agreements. The firm appraises a wide variety of equipment types and industries, including agricultural and farm equipment, construction and heavy equipment, medical and hospital equipment, laboratory and scientific equipment, restaurant and catering equipment, cannabis industry equipment, food processing equipment, metalworking and CNC equipment, textile and dry cleaning equipment, retail store, bank and professional office equipment, auto dealership and auto repair equipment, and woodworking shop equipment, as well as entire manufacturing plants and production facilities. It also offers desktop (uninspected) equipment appraisals, which are completed without a site inspection using provided information such as asset lists, photographs, and invoices, while still adhering to professional standards.

Sencer Appraisal Associates traces its formal appraisal history to 1955, though the Sencer family's involvement in the machinery and equipment industry began decades earlier. In the 1930s, Philip Sencer worked as an auctioneer in New York City, eventually expanding his services to include machinery and equipment appraisals. His son, Richard Sencer, continued the family's work through Tunnel Machinery Exchange in Lower Manhattan. In 1955, Richard began providing machinery and equipment appraisals alongside the company's machinery sales operations, marking the formal start of the appraisal practice. In 1981, Bernard Sencer, Richard's son and the third generation of Sencer appraisers, joined the firm after a career in the financial industry. Under his leadership, the company continued to expand its appraisal practice and broaden its work across industries and geographic regions. New York City's Tunnel Machinery Exchange, as shown in a 1973 NYC landmark designation report, has since closed, and Philip, Richard, and Bernard are no longer with the firm. The principles they established continue to guide the firm today: independence, professional integrity, market-based analysis, and a commitment to credible and defensible valuation services. Over the decades, Sencer Appraisal Associates grew from a regional appraisal practice into a national machinery and equipment valuation firm. Today, it provides machinery and equipment appraisal services throughout the United States and globally, supported by offices on both the East and West Coasts and a network of experienced associates. Its reports are relied on by the IRS, by lenders and the SBA, by the USDA, by the courts, and for financial reporting under U.S. GAAP and International Valuation Standards.

• 1981

  Bernard Sencer, third generation, joins the firm after a career in the financial industry.

• 1973

  New York City's Tunnel Machinery Exchange is documented in a NYC landmark designation report.

• 1955

  Richard Sencer begins providing machinery and equipment appraisals alongside Tunnel Machinery Exchange's machinery sales operations, marking the formal start of the appraisal practice.

• 1930

  Philip Sencer works as an auctioneer in New York City and expands into machinery and equipment appraisals.

Independent, ASA-accredited machinery and equipment appraisals prepared in accordance with USPAP, IVS, U.S. GAAP ASC and IFRS, trusted by the IRS, SBA, USDA, U.S. courts, government agencies and financial reporting.

• Financial reporting appraisals

  Purchase price allocations under ASC 805 and IFRS 3, fair-value measurements under ASC 820 and IFRS 13, and impairment testing under ASC 360 and IAS 36.

• Litigation and expert witness

  Defensible valuations for federal and state court proceedings, commercial disputes, eminent domain, and business interruption claims.

• Asset-based lending and collateral reports

  Reports formatted to lender requirements and accepted by national, regional and community banks; fair market value, orderly liquidation value, and forced liquidation value for secured lending.

• Mergers, acquisitions and buy-sell agreements

  Independent valuations for transactions and ownership transitions.

• Desktop equipment appraisals

  Uninspected appraisals completed without a site inspection using provided information such as asset lists, photographs and invoices.

1. 1Equipment Appraisers Since 1955 | Sencer Appraisal Associatesallequipmentappraisal.com
2. 2About Sencer Appraisal | Equipment Appraisals Since 1955allequipmentappraisal.com
3. 3How We Value: The Equipment Appraisal Process | Sencer Appraisalallequipmentappraisal.com
4. 4Desktop Equipment Appraisals: No Inspection, Same Standardsallequipmentappraisal.com
5. 5Sencer Appraisal Associateswikidata.org