Vacant Land Appraisal In NYC

Many people associate real estate appraisals with properties that contain existing improvements such as residential or commercial buildings, but in fact, these improvements may not be the most maximally productive use of the land these improvements sit on. The properties zoning, Floor Area Ratio (FAR) as well as its unique characteristics need to be taken into account by an experienced property appraiser. From small vacant parcels of land to more expansive parcels of land with existing improvements that have remaining air rights, our team is here to offer an unbiased look into the current or retrospective value of any piece of land in the five boroughs. 

Most importantly, we know that not all vacant properties are created equal. That’s why we take the time to evaluate the data relating to the property you’re inquiring about, assessing any existing property improvements, remaining air rights or any other on-site factors that could impact the potential development of a piece of land.