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what is a 20×100 lot containing a salvageable brownstone, really worth (functional roof and walls and floors and some detail)?

Another way of looking at this question: in bed stuy, where restored brownstones appear to be going for around $1m, if restoration of said dump costs 200 per sq ft, and a year of pain, how does the math ever work out? (200 per sq ft, 3500 sq ft = 700k plus carrying costs = in debt).