What is Bowery Valuation?

Quick Overview: Bowery Valuation

Bowery Valuation is a technology-driven commercial real estate appraisal firm that leverages proprietary software and data analytics to streamline the appraisal process. Unlike traditional appraisal firms, Bowery uses automation and AI to enhance efficiency, reduce turnaround times, and improve accuracy.

Their platform enables appraisers to pull real-time market data, collaborate more effectively, and generate reports with greater consistency. They focus primarily on multifamily, office, retail, industrial, and mixed-use properties. Bowery Valuation is known for modernizing the appraisal industry by integrating technology with human expertise, making the process faster and more transparent.

Bowery Valuation was founded in 2015 by best friends and former appraisers, Noah Isaacs and John Meadows, who sought to modernize the commercial real estate appraisal industry.

Recognizing the inefficiencies and outdated practices in traditional appraisal methods, they developed a technology-driven approach to streamline the process.

In January 2019, Bowery Valuation secured a $12 million Series A funding round led by Builders VC, bringing their total funding at that time to $19 million. This investment enabled the company to expand its engineering and appraisal teams, enhance its technology capabilities, and extend its geographic reach.

By July 2023, the company had raised over $80 million in total funding, with a $16.3 million extension of its Series B round led by Goldman Sachs Asset Management. This financial backing has supported Bowery's mission to revolutionize the appraisal industry through innovative technology and services.

Throughout its growth, Bowery Valuation has remained committed to integrating advanced technology with appraisal expertise, aiming to provide faster, more accurate, and transparent commercial real estate valuations.