Ordered that the judgment is modified, on the law (1) by deleting the provision thereof awarding Maureen O’Donnell exclusive ownership of the marital residence and substituting therefor a provision awarding John H. O’Donnell, Jr., 50% of the value of the marital residence, and awarding Maureen O’Donnell 50% of the value of the marital residence, and (2) by adding a provision thereto assessing the value of the law degree and license of John H. O’Donnell, Jr., at the sum of $150,000 and awarding Maureen O’Donnell 30% of that value, which award is to be credited from John H. O’Donnell, Jr.’s share of the proceeds from the equitable distribution of the marital residence; as so modified, the judgment is affirmed insofar as appealed and cross-appealed from, without costs or disbursements, and the matter is remitted to the Supreme Court, Queens County, to determine the net value of the marital residence, as of the date of trial, with appropriate credits applied in accordance herewith and for a determination as to how the marital residence shall be distributed; and it is further,
After a nonjury trial, the Supreme Court failed to award equitable distribution of the parties’ marital residence and awarded Maureen O’Donnell, the plaintiff in matter No. 1, exclusive ownership of the marital residence, which was the only significant marital asset. Where, as here, both spouses equally contribute to a marriage of long duration, the division of marital property shall be distributed equitably between the parties (see Domestic Relations Law § 236 [B] [1]). John H. O’Donnell, Jr., the defendant in matter No. 1 (hereinafter John O’Donnell), therefore was entitled to a 50% share of the value of the marital residence (see Palumbo v Palumbo, 10 AD3d 680 [2004]; Adjmi v Adjmi, 8 AD3d 411 [2004]).
Upon remittal, the court should also determine the net value of the marital residence, as of the date of trial, crediting Maureen O’Donnell for her payments of principal on the mortgage for the property (see Palumbo v Palumbo, 10 AD3d 680 [2004]; Hnis v Hnis, 300 AD2d 629, 630 [2002]). The court should also determine how the marital residence shall be distributed.
The trial court improperly found, in effect, that John O’Donnell’s law degree and license had no value for purposes of equitable distribution (see Klutchko v Baron, 1 AD3d 400, 406 [2003]). Based on the record, the law degree and license together should have been valued in the amount of $150,000 and Maureen O’Donnell should have been awarded 30% of that value to be credited from John O’Donnell’s share of the proceeds from the equitable distribution of the marital residence.
Maureen O’Donnell’s limited notice of cross appeal precludes review of the issue of the timing of the distribution of her share of John O’Donnell’s retirement plans and the court’s failure to award her 100% of her attorneys’ fees in matter No. 1 (see Boyle v Taylor, 255 AD2d 411 [1998]).
The parties’ remaining contentions are without merit. Miller, J.P., Angiolillo, Carni and Dickerson, JJ., concur.
