I'm by no means a pro at property valuation, but Asbury Partners provided a comparable valuation that is very relevant:
Asbury Partners was willing to sell The Palace for $2.5 million. APartners valued the building at $0, so to them, the 36,000 square feet of land was worth $69 per square foot. Now, I'm not sure how big the Deal Lake property is, but according to Asbury Partners' method of valuation, if it is larger than 5,700 square feet, either they are getting a sweetheart deal, or they were not offering the Palace for sale in good faith. any comments dfs or Mark? --- In [EMAIL PROTECTED], "dfsavgny" <[EMAIL PROTECTED]> wrote: > > The only thing that I forgot to add is that if the city feels it > will get something in return, for instance, millions of dollars in > street improvements, etc. But then again, one has to start at the > point of what is the VALUE of what you are giving in order to > measure what VALUE you are getting in return. It can;t just be on a > whim. I donlt know what can be done about any of this and if law > suits would grind the whole thing to a halt. I am still convinced > that many developers would jump at the sites if it were put to bid. > I think under those circumstances that appraisals are still needed. > What say you Mark? ------------------------ Yahoo! Groups Sponsor --------------------~--> Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar. Now with Pop-Up Blocker. Get it for free! http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/Y2tolB/TM --------------------------------------------------------------------~-> Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
