This is a classic thread of someone who loves to argue, and feels they have something to prove.

I'm sure you've read about the classic market bubble that developed with Dutch tulips.

I dont know the laws in NY, but here in  San Diego,CA, we have a act called the Mills, its tax advantage on older classic home that qualify, you cant change the inside all you want but not the outside, so in Point Loma this area here there is a few so i bought a home with a partner not long ago it was a old classic home, asking price was  $1,185,000 which we taught was high the house was ugly inside i mean ugly i wish i have pictures still and most people saw the historical designation and were turn off thinking they couldn't do anything but know i studied my Real estate california books so i dig into and took a risk and waited, for about 3 months the property was reduced to $1,050,000 or so, after multiple counter offers and lots of talking we got the property at $890,000. we put all this beautiful classic stuff into it about $350,000, so we were into it for $1,240,000 which people taught we were crazy but the house was perfect we were allowed to paint the exterior, its original 1901 color, and fix the yard and make a car port but not a garage, so after almost 7 months, we put it on the market and in about 35 days a buyer came and we got $1,800,000 which were very happy with. so yes there is possibilities 

Should a developer wish to repurpose the parcel in the future, we would welcome the discussion.

"Think and Grow Rich" Written by Napoleon Hill in 1937Another classic that can not be surpassed!"

for a F*R*E*E copy of the Napoleon Hill classic (ebook format) visit www.Think-and-Grow-Rich-eBook.com

The most common is FICO Classic 04, but others use FICO Classic 08, and then of course the proprietary ones used by the bureaus (TU has VantageScore, for example).

Classics Like the "Weekend Millionaire" are still relevant and very useful today.

If you're into dealing with car salesman, you'd be better off using the money to buy a classic Porsche 911, using the buy and hold strategy, and watch it appreciate.

As you venture into small scale landlording, I have a blog post (Classics of Landlord Lit) on my profile, the third one listed.