Did the lease specifically say they pay for water? 

I am not sure of the laws for NYC, but that may not even be a legal option depending on their restrictions. 

Some states have an automatic reserve unless specifically stated there is no reserve.

I've also written/helped write several various legal documents for the IRS/courts. 

Thanks Evan, these are the type of answers I couldn`t seem to get specifically unless it was through non accredited investors that been around the block in those circles (outside of Rise 48 and Spark Rental).

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

I saw that you specifically said "quality tenants" but you cannot determine if a quality tenant is going to look at one site over the other.

However, there may be certain exemptions or procedures available in your jurisdiction to avoid reassessment in specific situations, such as when transferring property between family members.The approach suggested by the tax assessor office, where Aunt A provides evidence that she was only a co-signer and has no ownership interest in the property, could help support your case for avoiding reassessment.

Most towns/cities have a master plan for the aspects/areas of the city that they are actively focusing their efforts on, and are pretty thorough with specific plans for carrying out those efforts with estimated timelines etc.

It depends on what that specific type is, how big the land is, and what the minimum size of land is required in that area.