Majority
In an action for a divorce and ancillary relief, the defendant appeals, as limited by his brief, from so much of a judgment of the Supreme Court, Kings County (Thomas, J.), dated November 30, 2012, as, upon a decision of the same court dated September 18, 2012, made after a nonjury trial, valued the parties’ marital residence at $510,000, distributed the parties’ marital assets for the purposes of equitable distribution, and awarded the plaintiff a condominium in Florida as her separate property.
Ordered that the judgment is affirmed insofar as appealed from, with costs.
Notwithstanding the long duration of the parties’ marriage, there is no requirement that the distribution of each item of marital property be made on an equal basis (see DeSouza-Brown v Brown, 71 AD3d 946 , 946 [2010]; Peritore v Peritore, 66 AD3d 750 , 752-753 [2009]). Here, the Supreme Court providently exercised its discretion in fashioning an equitable distribution award of the parties’ marital assets. There is no merit to the defendant’s contention that the Supreme Court should have equally distributed the parties’ bank accounts as of the commencement of the action in 2008, since the parties had not functioned as an economic partnership for many years (see Mark-Weiner v Mark, 1 AD3d 158 , 158-159 [2003]; Francis v Francis, 286 AD2d 749 , 750 [2001]).
“[V]aluation is an exercise properly within the fact-finding power of the trial courts, guided by expert testimony” (Burns v Burns, 84 NY2d 369 , 375 [1994]). A court’s valuation will be upheld where it is within the range of expert testimony and is adequately supported by the record (see Johnson v Johnson, 277 AD2d 923 , 925 [2000]). Here, the Supreme Court’s valuation of the marital residence was within the range of expert testimony and adequately supported by the record.
Rivera, J.P., Hinds-Radix, Duffy and LaSalle, JJ., concur.
Cases cited
- DeSouza-Brown v. Brown 71 AD3d 946 at 946 p. 693
- Mark-Weiner v. Mark 1 AD3d 158 at 158-159 p. 693
- Burns v. Burns 84 NY2d 369 at 375 p. 693
- Gaffney v. Gaffney 29 AD3d 857 at 857 p. 694
- Embury v. Embury 49 AD3d 802 at 804 p. 694