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These three hypothetical development scenarios follow to illustrate the test of maximally productive use of a $100,000 site: Industrial warehouse Cost to construct 10,000 sq ft (930 m 2): $750,000; Market Value of 10,000 sq ft (930 m 2): $910,000; Profit for industrial development: 7%; Retail strip center
The New York City Regional Center (NYCRC) secures capital for real estate and infrastructure projects throughout New York City. Established in 2008, NYCRC has provided over $1.5 billion of capital to help fund a broad spectrum of economic development projects in Brooklyn, Queens, Manhattan, and the Bronx. These projects have successfully ...
New York has played a prominent role in the development of the skyscraper. Since 1890, ten of those built in the city have held the title of world's tallest. [29] [G] New York City went through two very early high-rise construction booms, the first of which spanned the 1890s through the 1910s, and the second from the mid-1920s to the early ...
Property investment calculator is a term used to define an application that provides fundamental financial analysis underpinning the purchase, ownership, management, rental and/or sale of real estate for profit. Property investment calculators are typically driven by mathematical finance models and converted into source code. Key concepts that ...
The New York City Department of Buildings (DOB) is the department of the New York City government that enforces the city's building codes and zoning regulations, issues building permits, licenses, registers and disciplines certain construction trades, responds to structural emergencies and inspects over 1,000,000 new and existing buildings.
The Real Estate Board of New York (REBNY) is a trade association for the real estate industry in New York City. Formed in 1896, it has been dubbed "the leading trade group advocating on policy changes in the real estate industry". Its current president is James Whelan. [1]
Ultimately, MetLife sold the building that April for $1.72 billion, to a joint venture of Tishman Speyer Properties, the New York City Employees' Retirement System, and the New York City Teachers' Retirement System. [248] [249] At the time, the sale was the largest ever transaction involving an office building. [250]
Large grocery distribution center, completed in 2018. Expansion to the distribution center completed in 2020. [9] [10] NASA Vehicle Assembly Building United States: 1966 Kennedy Space Center, Florida: 32,374 m 2 (348,470 sq ft) 3.66 million m 3 (130 million cu ft) Originally built to enable simultaneous assembly and shelter for four Saturn V ...