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SALES COMPARISON APPROACH

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Question;SALES COMPARISON APPROACH - Completing an Adjustment Grid You are valuing a 20,000 square foot development site located in the West 20's Flatiron District (Ladies Mile District) The parcel is zoned to accommodate residential development and has FAR of 10. Although it is a mid-block site it does have "block through" access. There are NO adjustments necessary for Real Property Rights Conveyed, Financing Terms, and Conditions of Sale. The comparables do require a positive 5.0% adjustment for improved Market Conditions. The sales comparables are listed below for your reference, however, I have given you the adjustments to be made in a qualitative form and you are given the task of providing a numeric (quantitative) adjustment. PROVIDE A FINAL ESTIMATE OF VALUE!

 

Paper#48734 | Written in 18-Jul-2015

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