הויפט זייט » חדשות אנ"ש אין בילדער » Developer Buys Gabila Knish Site
Developer Buys Gabila Knish Site
2 פאסטס אין ארכיוו · אשכול #1682568
At 4:35 PM, myhumbleopinion saidג€¦
This is a big pity the property could have been bought by a hymisha developer and be developed for condos for the hymisha community
The calculations are as follows:
Price per buildable square foot was $102.22 according to ג€�vos iz neiasג€� plus approximately $135.00-$145.00 per square foot construction cost which totals to about $250.00 per square foot costs to build.
The property can be developed to 59,000.00 square feet (2.2 times the lot that is allowed by the R-6 zoning lows which can be extended to 2.43 or even 3 times the lot depends in the circumstances) which comes out to about $3,000,000.00 in profits
The investment was 6,018,000.00 (if the buildable square feet is 59,000.00 and if itג€™s more it only enhances the bottom line)
it comes out to a 50% return on the entire investment in approximately 2 years
Now itג€™s probably going to be developed for luxury apartment that cannot be afforded by the hymisha community and would only increase the market value of condos in the neighborhood and as a result increase the property taxes
This is a big pity the property could have been bought by a hymisha developer and be developed for condos for the hymisha community
The calculations are as follows:
Price per buildable square foot was $102.22 according to ג€�vos iz neiasג€� plus approximately $135.00-$145.00 per square foot construction cost which totals to about $250.00 per square foot costs to build.
The property can be developed to 59,000.00 square feet (2.2 times the lot that is allowed by the R-6 zoning lows which can be extended to 2.43 or even 3 times the lot depends in the circumstances) which comes out to about $3,000,000.00 in profits
The investment was 6,018,000.00 (if the buildable square feet is 59,000.00 and if itג€™s more it only enhances the bottom line)
it comes out to a 50% return on the entire investment in approximately 2 years
Now itג€™s probably going to be developed for luxury apartment that cannot be afforded by the hymisha community and would only increase the market value of condos in the neighborhood and as a result increase the property taxes