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Updated over 10 years ago, 04/21/2014

User Stats

120
Posts
14
Votes
J. Lancaster
  • Real Estate Investor
  • Brooklyn, NY
14
Votes |
120
Posts

How do I Comp A Brooklyn Property that I Know Is a teardown?

J. Lancaster
  • Real Estate Investor
  • Brooklyn, NY
Posted

How do I Comp A Brooklyn Property on a block full of relatively new Duplex & Triplexes when I know the existing house will have to be torn down before a new one can be built? Do I Comp it against Improved Land sales or the newer structures selling on that street even though it's unknown exactly what the new structure will be ? The lot is a little smaller than most on that block as well. Can someone offer some area insight as I've only just moved back to NY a month ago?

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