The Problem: Market Analysis - Brooklyn Waterworks site located in Freeport which consisted predominantly of vacant land. Problem was to determine the highest the & best use of the subject parcel under several distinct valuation assumptions (i.e rental housing & condominium housing) and residual land value under each assumed use.
The Solution: Develop different development models under each proposed use and their prospective development costs based on similar to-be-built or recently completed projects. Each analysis was then formulated into an overall forecasted profit criteria.
The Result: Provided prospective purchaser several different purchase & development options under each proposed use with relevant support data and indices.
R.D. GERONIMO LTD.
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Mineola, New York 11501
Tel: (516) 294-8600
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