What Price Vacant Land?
Granted, this is kind of an odd lot, but it’s still interesting to learn that the 18-by-34-foot lot at 218 Broadway in Williamsburg recently sold for $400,000. That’s a little over $700 a foot. More importantly, though, based on the information on PropertyShark, the sales price comes out to $208 per buildable square foot. Given…
Granted, this is kind of an odd lot, but it’s still interesting to learn that the 18-by-34-foot lot at 218 Broadway in Williamsburg recently sold for $400,000. That’s a little over $700 a foot. More importantly, though, based on the information on PropertyShark, the sales price comes out to $208 per buildable square foot. Given the heinous building that went up a few years ago next door and the high-traffic location, we doubt that whatever gets built here will be able to slap the word “luxury” on its marketing docs. You can say goodbye to those lot-line windows too. GMAP
These odd shaped lots are good cases for BSA variances
one S in Hasidic
“ugh !
why does every morsel of land have to have a structure going up?”
so are you volunteering to knock down your house and make it into a park? 😉
Can there ever be any land with just a few trees on it other than a freaking building.
ugh !
why does every morsel of land have to have a structure going up?
This post demonstrates why all the “developers are scum” and “why do they build such crap” talk here is so uninformed. Developers generally have to BUY the land and the land price is based on the build-able SF-age.
I.E. the developer generally has set fixed costs and therefore the profit is a pretty thin margin between the $ per buildable foot+development costs-Market price for eventual units.
Is the pizza place still there? They’re very nice.
commercial use i imagine
probably an owner operator, they pay the most
great loca. for the buyer i bet
And sticking to DH’s topic, there is also an awesome (inexpensive) liquor store near that bodega.
Given the zoning and the strange configuration, this is probably better as a commercial development with a community facility component. The buildout described in the post ($208 per buildable foot) is for commercial only, I think. There are different numbers for residential and community facility.