We have a flood survey that was done and all that and it's really not in a bad spot in regards to elevation but the standing water is a problem.  

I’d say it’d be fair to elevate the issue.

I have done a few condos for investors lately and find the low rise buildings with no elevator work the best.

Figured this method was a good way to clean up property while living in it, elevating value and instead of going flipping route build a more long term steady form of the income.

People will probably not prefer to live in arrangements like apartments with elevators in the future.

This eliminates having to share an elevator with 300-500 tenants, minimizing their exposure.

This eliminates having to share an elevator with 300-500 tenants, minimizing their exposure.This impacts the properties with reduced rent collections, increased vacancies, and often requires property managers to offer different types of rent concessions and move-in specials in order to attract or retain tenants.

It also has equidistant access to Hoboken via the 9th street elevator and 100 steps off of Ogden Ave.

On the acquisition side, we are currently shifting our focus to newer product, because sellers are not giving any sort of discount on C deals and we think there is elevated risk for those properties moving forward.

Also where utilities are located and any easements needed to tap in for commercial applications.The traffic count on that side of the road and any cross streets will play a role as well.The 2 acres her land sits on might not be as valuable as the Kmart and Target side or it might be more valuable to the right corporate tenant.They have varying degrees of criteria and like different things for different reasons.The more elevations and dips the property has the more it will cost to grade it.Going vertical is mostly the same cost but the grading and other issues to get there is where costs can get expensive.Demoing a house is very cheap and not that much of a concern for a developer cost wise.What does concern them is the city and county architectural requirements to build there,traffic lights,road ways,required retaining walls do to slope issues,soil composition with drainage issues and or rock formations,rivers and streams with endangered species,historical sites or houses,properties next to funeral homes or graveyards,etc.Those types of things along with of course demographics are of a big concern to a developer.If the 2 acres is on the corner or next to it where a pass through from the corner property once built out can be obtained you have good value.The further it gets away from the corner the more it limits who wants to be there and what price will be paid for it.