purchasing a house with extra building lot ?

[Xiang L.]

Hello, I am interested in buying a small single family house in a decent neighborhood (average median house price around 450k), but the seller would want to sell the land (50x100) next to it together for an extra 100k to make a deal. hypothetically I can negotiate it a lower price for the land (any suggestion on how to determine the value for the land), what kind of investment can I make to turn the land into something profitable rather than just being wasted? given this is in the state of NY and the property tax ($1649 yearly for the land) is high...any suggestions/comments?

[Dan Weber]

You need to go to the local building department and ask them about the zoning requirements for that address. Ask them what uses are allowed in that district and the dimensional requirements to determine if and what can be built there.